Magna International Inc. (TSE:MG) Receives Average Rating of “Buy” from Analysts

Shares of Magna International Inc. (TSE:MG) (NYSE:MGA) have earned a consensus rating of “Buy” from the six analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a strong buy recommendation to the company.

Several research firms have issued reports on MG. Veritas raised Magna International to a “strong-buy” rating in a report on Monday, May 4th. Scotiabank raised Magna International from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd.

Magna International Stock Up 1.3%

TSE:MG opened at C$93.26 on Wednesday. The stock’s fifty day moving average price is C$88.76 and its two-hundred day moving average price is C$81.56. Magna International has a 52-week low of C$54.30 and a 52-week high of C$96.00. The company has a debt-to-equity ratio of 56.24, a quick ratio of 0.83 and a current ratio of 1.22. The company has a market cap of C$25.39 billion, a price-to-earnings ratio of 39.35, a P/E/G ratio of 0.45 and a beta of 2.19.

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

Magna International Announces Dividend

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

Insider Transactions at Magna International

In other Magna International news, insider Uwe Paul-Ernst Geissinger sold 22,434 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$86.46, for a total transaction of C$1,939,643.64. Following the completion of the sale, the insider owned 30,470 shares in the company, valued at approximately C$2,634,436.20. The trade was a 42.41% decrease in their position. Also, insider John Hugh Farrell sold 31,523 shares of the company’s 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 sale, the insider owned 50,020 shares of the company’s stock, valued at C$4,472,288.20. The trade was a 38.66% decrease in their position. Insiders sold a total of 150,405 shares of company stock worth $13,505,134 in the last quarter. 6.18% of the stock is owned by corporate insiders.

Magna International Company Profile

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.