BMO Capital Markets set a C$61.00 target price on Magna International (TSE:MG) (NYSE:MGA) in a research note released on Thursday morning. The firm currently has a market perform rating on the stock.

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%.

In related news, insider Marc Joseph Neeb sold 43,332 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of C$67.20, for a total value of C$2,911,910.40. Also, insider Vincent Joseph Galifi sold 44,890 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of C$71.99, for a total transaction of C$3,231,631.10. Over the last 90 days, insiders sold 531,122 shares of company stock worth $36,350,412.

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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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