Magna International (MGA) Earning Somewhat Favorable Press Coverage, Study Finds
Headlines about Magna International (NYSE:MGA) (TSE:MG) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Magna International earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the company an impact score of 47.5142630790288 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- Magna International Inc. (MGA) presents Dividend Yield at the rate of 2.32% – Voice Of Analysts (analystsbuzz.com)
- Magna International Inc. (MGA) registers a price change of 0.78% while ServiceMaster Global Holdings, Inc. (SERV … – Stocks Gallery (stocksgallery.com)
- Shedding Some Light on Magna International Inc (MGA)’s Technicals – FLBC News (flbcnews.com)
- Magna gets construction permit in Hungary-report (finance.yahoo.com)
- Zacks.com featured highlights: SP Plus Corp, Edwards Lifesciences, Magna International and NVIDIA (finance.yahoo.com)
A number of brokerages have commented on MGA. Royal Bank Of Canada lifted their target price on shares of Magna International from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Monday, August 14th. TD Securities lifted their target price on shares of Magna International from $55.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, August 14th. Citigroup Inc. lifted their target price on shares of Magna International from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research raised shares of Magna International from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Wednesday, August 16th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $61.00 target price (up from $59.00) on shares of Magna International in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $53.50.
Shares of Magna International (MGA) opened at 47.76 on Friday. Magna International has a 1-year low of $36.77 and a 1-year high of $48.90. The stock has a 50 day moving average of $47.42 and a 200-day moving average of $44.59. The stock has a market capitalization of $17.67 billion, a P/E ratio of 8.63 and a beta of 1.44.
Magna International (NYSE:MGA) (TSE:MG) last issued its quarterly earnings results on Friday, August 11th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. Magna International had a return on equity of 20.01% and a net margin of 5.73%. The company had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.50 billion. During the same period in the previous year, the company earned $1.41 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts predict that Magna International will post $5.87 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.275 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.30%. Magna International’s payout ratio is 19.86%.
About Magna International
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.