Magna International (TSE:MG) Hits New 1-Year High – What’s Next?

Magna International Inc. (TSE:MG) (NYSE:MGA) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$76.30 and last traded at C$76.11, with a volume of 54616 shares trading hands. The stock had previously closed at C$75.02.

Analyst Ratings Changes

MG has been the topic of several recent research reports. Citigroup raised Magna International to a “hold” rating in a research note on Friday, October 10th. BMO Capital Markets raised Magna International to a “strong-buy” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$61.00.

Magna International Trading Up 1.3%

The company has a debt-to-equity ratio of 61.81, a quick ratio of 0.83 and a current ratio of 1.14. The firm has a fifty day moving average price of C$69.85 and a 200 day moving average price of C$63.85. The company has a market cap of C$21.43 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 0.45 and a beta of 1.93.

Magna International (TSE:MG) (NYSE:MGA) last issued its earnings results on Friday, October 31st. The company reported C$1.33 earnings per share for the quarter. The business had revenue of C$14.57 billion for the quarter. Magna International had a net margin of 2.52% and a return on equity of 9.11%. As a group, equities analysts predict that Magna International Inc. will post 8.8948171 EPS for the current fiscal year.

Magna International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 28th were paid a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, November 14th. Magna International’s dividend payout ratio (DPR) is 52.88%.

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.