Somewhat Favorable Media Coverage Extremely Likely to Affect Magna International (NYSE:MGA) Stock Price
Media stories about Magna International (NYSE:MGA) (TSE:MG) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Magna International earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave media headlines about the company an impact score of 100 out of 100, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Critical Contrast: Magna International (MGA) and Horizon Global Corporation (HZN) (americanbankingnews.com)
- Magna International Inc. (MGA) Swings on Assorted Margin Ratio Analysis – Medpace Holdings, Inc. (MEDP) – Investing News Update (investingbizz.com)
- NXP Semiconductors NV (NXPI) in Essential Chart Information with Magna International Inc. (MGA) and Attractive … – Investing News Update (investingbizz.com)
- Magna International : Joint News Release – International Autonomous Drive to Highlight Great Lakes Region’s Leadership in Mobility (4-traders.com)
- Magna International, Inc. (NYSE:MGA) Experiences Lighter than Average Trading Volume – First News 24 (firstnewspaper24.com)
Shares of Magna International (NYSE MGA) traded up 1.45% on Friday, reaching $47.68. 1,139,629 shares of the company’s stock were exchanged. Magna International has a 12 month low of $36.77 and a 12 month high of $48.90. The company has a market capitalization of $18.13 billion, a P/E ratio of 8.72 and a beta of 1.44. The firm’s 50 day moving average price is $46.54 and its 200-day moving average price is $44.09.
Magna International (NYSE:MGA) (TSE:MG) last announced its earnings results on Thursday, May 11th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.19. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.13 billion. Magna International had a return on equity of 20.58% and a net margin of 5.76%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.22 earnings per share. On average, equities analysts anticipate that Magna International will post $5.76 EPS for the current year.
A number of equities research analysts have recently commented on MGA shares. Zacks Investment Research downgraded shares of Magna International from a “hold” rating to a “sell” rating in a report on Friday, April 28th. TD Securities upgraded shares of Magna International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $50.00 to $55.00 in a report on Friday, May 12th. Royal Bank Of Canada raised their target price on shares of Magna International from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, May 12th. Scotiabank raised their target price on shares of Magna International from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, May 12th. Finally, ValuEngine cut shares of Magna International from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $51.00.
Magna International Company Profile
Magna International Inc (Magna) is a global automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.
Receive News & Stock Ratings for Magna International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magna International Inc. and related stocks with our FREE daily email newsletter.