Magna International (MGA) Receiving Somewhat Favorable Media Coverage, Report Finds
Press coverage about Magna International (NYSE:MGA) (TSE:MG) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. 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 media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.0449226826928 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Magna and BASF Team Up to Conquer Cancer in Road Hockey Fundraiser (webwire.com)
- Watch Out for These Top 5 Stocks Today – CALM, COL, ZGNX, MGA, KBH (fxpips.com)
- 4 Reasons to Buy and Forget Magna International Inc. (fool.ca)
- Magna Int’l (MGA) Reports Settlement of KS Centoco Litigation – StreetInsider.com (streetinsider.com)
- Why this stock is considered to be Overbought? Magna International Inc. (MGA) – Voice Of Analysts (analystsbuzz.com)
Several equities research analysts have weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Magna International from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Monday, August 14th. TD Securities increased their price objective on shares of Magna International from $55.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Citigroup Inc. increased their price objective on shares of Magna International from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. 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. Finally, Deutsche Bank AG restated a “buy” rating and issued a $61.00 target price (up from $59.00) on shares of Magna International in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $53.20.
Magna International (NYSE MGA) traded up 0.84% during trading on Monday, reaching $53.83. The company’s stock had a trading volume of 838,454 shares. The company has a 50-day moving average of $49.49 and a 200 day moving average of $45.80. The firm has a market cap of $19.91 billion, a PE ratio of 9.73 and a beta of 1.46. Magna International has a one year low of $36.77 and a one year high of $54.08.
Magna International (NYSE:MGA) (TSE:MG) last issued its quarterly earnings results on Friday, August 11th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.50 billion. Magna International had a net margin of 5.73% and a return on equity of 20.01%. Magna International’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business earned $1.41 EPS. Analysts expect that Magna International will post $5.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.04%. The ex-dividend date was Wednesday, August 30th. Magna International’s payout ratio is currently 19.86%.
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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.
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