Magna International Inc. (TSE:MG) Receives C$61.00 Consensus Target Price from Brokerages

Shares of Magna International Inc. (TSE:MG) (NYSE:MGA) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$61.00.

Several analysts have recently commented on MG shares. Citigroup raised shares of Magna International to a “hold” rating in a report on Friday, October 10th. BMO Capital Markets raised Magna International to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, Cfra Research raised Magna International to a “hold” rating in a report on Monday, August 4th.

Magna International Stock Down 0.8%

Magna International stock opened at C$68.90 on Friday. The business’s 50-day simple moving average is C$65.37 and its two-hundred day simple moving average is C$58.55. The company has a debt-to-equity ratio of 61.81, a quick ratio of 0.83 and a current ratio of 1.14. The company has a market cap of C$19.42 billion, a PE ratio of 18.88, a PEG ratio of 0.45 and a beta of 1.88. Magna International has a fifty-two week low of C$43.25 and a fifty-two week high of C$71.14.

Magna International (TSE:MG) (NYSE:MGA) last released its earnings results on Friday, October 31st. The company reported C$1.08 EPS for the quarter. The firm had revenue of C$14.57 billion during the quarter. Magna International had a return on equity of 9.11% and a net margin of 2.52%. Equities analysts anticipate that Magna International will post 8.8948171 EPS for the current year.

Magna International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 28th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.94 dividend on an annualized basis and a yield of 2.8%. Magna International’s payout ratio is presently 52.88%.

Magna International Company Profile

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier’s product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contracted vehicle assembly.