Magna International Inc. (TSE:MG) Given Average Recommendation of “Buy” by Analysts

Magna International Inc. (TSE:MG) (NYSE:MGA) has been given an average rating of “Buy” by the six research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a strong buy recommendation on the company.

MG has been the subject of a number of research analyst reports. Veritas raised Magna International to a “strong-buy” rating in a research report on Monday, May 4th. Scotiabank upgraded Magna International from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd.

Magna International Stock Down 0.0%

Shares of TSE MG opened at C$92.55 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.22 and a debt-to-equity ratio of 56.24. The firm has a market cap of C$25.19 billion, a PE ratio of 39.05, a P/E/G ratio of 0.45 and a beta of 2.13. The company’s fifty day simple moving average is C$91.39 and its 200 day simple moving average is C$83.85. Magna International has a 12-month low of C$56.04 and a 12-month high of C$97.04.

Magna International (TSE:MG) (NYSE:MGA) last announced its quarterly earnings data on Friday, May 1st. The company reported C$1.92 earnings per share for the quarter. The firm had revenue of C$14.43 billion for the quarter. Magna International had a net margin of 1.59% and a return on equity of 5.43%. As a group, sell-side analysts forecast that Magna International will post 8.8948171 earnings per share for the current fiscal year.

Magna International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were given a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, May 15th. Magna International’s dividend payout ratio is presently 82.28%.

Insider Transactions at Magna International

In related news, insider Tom Rucker Joerg sold 39,210 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of C$92.58, for a total value of C$3,630,061.80. Following the transaction, the insider directly owned 31,633 shares in the company, valued at C$2,928,583.14. This trade represents a 55.35% decrease in their position. Also, insider John Hugh Farrell sold 31,523 shares of Magna International stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of C$89.41, for a total transaction of C$2,818,471.43. Following the completion of the sale, the insider directly owned 50,020 shares of the company’s stock, valued at approximately C$4,472,288.20. The trade was a 38.66% decrease in their position. Insiders have sold 150,405 shares of company stock valued at $13,505,134 in the last 90 days. 6.18% of the stock is currently owned by company insiders.

About Magna International

Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets-North America, Europe, and China. With a global team and footprint spanning 28 countries, we bring unmatched scale, trusted reliability, and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative vehicle systems to deliver performance, safety and quality.