BMO Capital Markets Analysts Give Magna International (MG) a C$61.00 Price Target
Shares of Magna International (MG) traded down C$1.00 on Thursday, hitting C$72.90. The stock had a trading volume of 1,053,345 shares, compared to its average volume of 930,675. Magna International has a 12-month low of C$52.63 and a 12-month high of C$74.75. The company has a market capitalization of $26,170.00, a PE ratio of 10.47 and a beta of 1.13.
Magna International (TSE:MG) (NYSE:MGA) last announced its quarterly earnings results on Thursday, November 9th. The company reported C$1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.67 by C$0.04. Magna International had a return on equity of 18.56% and a net margin of 5.39%.
About Magna International
Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company offers engineering and contract manufacturing services, and fuel systems; electric/electronic components and systems; roof systems comprising softtops, retractable hardtops, modular tops, and hardtops; and closures, including latching systems, hinges and wire forming, power closures, electronics, door modules, window systems engineered glass, sealing, trim and roof racks, roof systems, testing centers, and running boards.
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