Media headlines about Magna International (NYSE:MGA) (TSE:MG) have trended somewhat positive on Saturday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Magna International earned a news impact score of 0.19 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.3525126034603 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Several research firms have recently weighed in on MGA. Royal Bank Of Canada increased their price objective on Magna International from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Monday, August 14th. Cormark upgraded Magna International from a “buy” rating to a “top pick” rating in a research note on Tuesday, July 11th. Morgan Stanley cut their target price on Magna International from $60.00 to $56.00 and set an “overweight” rating for the company in a research note on Friday, June 9th. BMO Capital Markets restated a “hold” rating and issued a $47.00 target price on shares of Magna International in a research note on Friday. Finally, Zacks Investment Research upgraded Magna International from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $52.90.

Magna International (NYSE:MGA) traded up 1.76% on Friday, reaching $51.91. The company’s stock had a trading volume of 2,590,502 shares. Magna International has a 12 month low of $36.77 and a 12 month high of $51.98. The company has a market cap of $19.20 billion, a P/E ratio of 9.38 and a beta of 1.43. The company has a 50-day moving average price of $47.75 and a 200 day moving average price of $45.00.

Magna International (NYSE:MGA) (TSE:MG) last posted 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 analysts’ expectations of $9.50 billion. During the same quarter in the previous year, the firm earned $1.41 EPS. Magna International’s revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Magna International will post $5.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.10 dividend on an annualized basis and a yield of 2.12%. Magna International’s payout ratio is presently 19.86%.

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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.

Insider Buying and Selling by Quarter for Magna International (NYSE:MGA)

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