Analysts Set Magna International Inc. (TSE:MG) PT at C$61.00

Shares of Magna International Inc. (TSE:MG) (NYSE:MGA) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$61.00.

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

Magna International Price Performance

Shares of TSE:MG opened at C$70.54 on Friday. The company has a debt-to-equity ratio of 61.81, a quick ratio of 0.83 and a current ratio of 1.14. Magna International has a 52 week low of C$43.25 and a 52 week high of C$71.08. The firm has a market cap of C$19.88 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 0.45 and a beta of 1.88. The firm’s fifty day moving average is C$65.13 and its 200-day moving average is C$58.33.

Magna International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 28th will be given a dividend of $0.485 per share. The ex-dividend date is Friday, November 14th. This represents a $1.94 annualized dividend and a dividend yield of 2.8%. Magna International’s dividend payout ratio is 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.