Magna International (TSE:MG) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Magna International Inc. (TSE:MG) (NYSE:MGA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$72.52 and traded as high as C$78.00. Magna International shares last traded at C$77.69, with a volume of 1,161,524 shares trading hands.

Analyst Ratings Changes

Separately, Canadian Imperial Bank of Commerce upgraded shares of Magna International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$61.00.

Magna International Stock Performance

The company has a quick ratio of 0.83, a current ratio of 1.25 and a debt-to-equity ratio of 66.74. The stock has a fifty day moving average price of C$78.94 and a 200-day moving average price of C$72.56. The firm has a market cap of C$21.21 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 0.45 and a beta of 2.05.

Magna International (TSE:MG) (NYSE:MGA) last issued its quarterly earnings results on Friday, February 13th. The company reported C$2.99 earnings per share for the quarter. The firm had revenue of C$14.27 billion during the quarter. Magna International had a return on equity of 6.73% and a net margin of 1.97%. On average, analysts expect that Magna International Inc. will post 8.8948171 earnings per share for the current fiscal year.

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.