Several brokerages have updated their recommendations and price targets on shares of Magna International (NYSE: MGA) in the last few weeks:

  • 8/17/2017 – Magna International had its price target raised by analysts at Citigroup Inc. from $54.00 to $55.00. They now have a “buy” rating on the stock.
  • 8/16/2017 – Magna International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock. According to Zacks, “Magna International reported better-than-expected second-quarter 2017 earnings per as well as revenues. Both earnings per share and revenues rose year over year too. For 2017, Magna International raised revenues projections for the Vehicle Production, Complete Vehicle Assembly as well as the total revenues. It also raised production guidance in Europe for 2017. Also, Magna International regularly undertakes capital deployment in order to enhance shareholder value. Its expansion strategy in emerging markets is expected to support results. However, in the current fiscal, Magna International’s light vehicle production is expected to decline in North America. Also, fluctuating foreign currencies against the U.S. dollar will adversely affect the company’s sales and earnings. Magna International underperformed the industry it belongs to over the last three months.”
  • 8/14/2017 – Magna International had its price target raised by analysts at Royal Bank Of Canada from $60.00 to $61.00. They now have an “outperform” rating on the stock.
  • 8/14/2017 – Magna International had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $61.00 price target on the stock, up previously from $59.00.
  • 8/14/2017 – Magna International had its price target raised by analysts at TD Securities from $55.00 to $56.00. They now have a “buy” rating on the stock.
  • 7/26/2017 – Magna International was downgraded by analysts at Edward Jones from a “buy” rating to a “hold” rating.
  • 7/24/2017 – Magna International was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/18/2017 – Magna International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “In the current fiscal, Magna International’s light vehicle production is expected to decline in North America which is presumed to have a negative impact in the sales figure. Also, fluctuating foreign currencies against the U.S. dollar will adversely affect the company’s sales and earnings. Its expansion in the powertrain and electronics business will incur higher warranty costs, resulting in increased capital expenditure. Moreover, the yearly earnings estimates for Magna International have been going down of late. Its shares have also underperformed over the last one year compared with the Zacks categorized Auto/Truck-Original Equipment industry.”
  • 7/12/2017 – Magna International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “In the current fiscal, Magna International’s light vehicle production is expected to decline in North America which is presumed to have a negative impact in the sales figure. Also, fluctuating foreign currencies against the U.S. dollar will adversely affect the company’s sales and earnings. Its expansion in the powertrain and electronics business will incur higher warranty costs, resulting in increased capital expenditure. Moreover, the yearly earnings estimates for Magna International have been going down of late. Its shares have also underperformed over the last six months compared with the Zacks categorized Auto/Truck-Original Equipment industry.”
  • 7/11/2017 – Magna International was upgraded by analysts at Cormark from a “buy” rating to a “top pick” rating.
  • 7/1/2017 – Magna International was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Magna International, Inc. (NYSE:MGA) opened at 47.38 on Thursday. The company has a market cap of $17.53 billion, a PE ratio of 8.56 and a beta of 1.44. The stock has a 50 day moving average of $47.32 and a 200 day moving average of $44.53. Magna International, Inc. has a 12-month low of $36.77 and a 12-month high of $48.90.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings data on Friday, August 11th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The business had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.50 billion. Magna International had a net margin of 5.73% and a return on equity of 20.01%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $1.41 earnings per share. Equities analysts expect that Magna International, Inc. will post $5.87 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, August 30th. Magna International’s payout ratio is 19.86%.

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.

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