Magna International (NYSE:MGA) Sets New 1-Year Low – Should You Sell?

Magna International Inc. (NYSE:MGA) (TSE:MG)’s stock price reached a new 52-week low on Monday . The company traded as low as $33.28 and last traded at $33.96, with a volume of 110337 shares traded. The stock had previously closed at $34.00.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group lowered their price target on shares of Magna International from $44.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Royal Bank of Canada lowered their target price on shares of Magna International from $52.00 to $51.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. The Goldman Sachs Group downgraded Magna International from a “neutral” rating to a “sell” rating and cut their price target for the stock from $42.00 to $41.00 in a research note on Wednesday, December 11th. TD Securities lowered their price objective on Magna International from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Raymond James cut their target price on Magna International from $53.00 to $50.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Magna International has a consensus rating of “Hold” and a consensus target price of $47.03.

Magna International Stock Performance

The firm has a market cap of $9.61 billion, a P/E ratio of 9.73, a P/E/G ratio of 0.63 and a beta of 1.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.77 and a current ratio of 1.08. The business’s 50-day simple moving average is $38.03 and its 200 day simple moving average is $40.88.

Magna International (NYSE:MGA) (TSE:MG) last issued its quarterly earnings data on Friday, February 14th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.46 by $0.23. The company had revenue of $10.63 billion during the quarter, compared to analyst estimates of $10.32 billion. Magna International had a return on equity of 12.78% and a net margin of 2.36%. Magna International’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 earnings per share. As a group, equities analysts predict that Magna International Inc. will post 5.87 earnings per share for the current year.

Magna International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.485 dividend. This is an increase from Magna International’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.69%. Magna International’s dividend payout ratio (DPR) is presently 55.27%.

Institutional Trading of Magna International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Avior Wealth Management LLC grew its position in shares of Magna International by 2,400.0% during the 4th quarter. Avior Wealth Management LLC now owns 625 shares of the company’s stock valued at $26,000 after acquiring an additional 600 shares during the period. LRI Investments LLC grew its holdings in Magna International by 2,126.5% during the fourth quarter. LRI Investments LLC now owns 757 shares of the company’s stock valued at $32,000 after purchasing an additional 723 shares during the period. Millstone Evans Group LLC purchased a new stake in Magna International in the fourth quarter worth about $33,000. Lindbrook Capital LLC raised its stake in shares of Magna International by 43.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,036 shares of the company’s stock worth $43,000 after buying an additional 312 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Magna International by 37.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,111 shares of the company’s stock valued at $46,000 after buying an additional 301 shares in the last quarter. 67.49% of the stock is owned by hedge funds and other institutional investors.

About Magna International

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.