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

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

A number of equities analysts recently issued reports on MG shares. Scotiabank upgraded Magna International from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Veritas raised Magna International to a “strong-buy” rating in a report on Monday, May 4th.

Insider Activity

In other Magna International news, insider Eric Jon Wilds Wilds sold 34,672 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$91.31, for a total transaction of C$3,165,900.32. Following the completion of the sale, the insider directly owned 38,756 shares of the company’s stock, valued at approximately C$3,538,810.36. This represents a 47.22% decrease in their ownership of the stock. Also, insider Tom Rucker Joerg sold 39,210 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$92.58, for a total transaction of C$3,630,061.80. Following the completion of the transaction, the insider owned 31,633 shares of the company’s stock, valued at approximately C$2,928,583.14. The trade was a 55.35% decrease in their ownership of the stock. Insiders sold a total of 150,405 shares of company stock valued at $13,505,134 over the last ninety days. Corporate insiders own 6.18% of the company’s stock.

Magna International Trading Down 1.8%

Magna International stock opened at C$93.17 on Friday. The firm has a market cap of C$25.36 billion, a price-to-earnings ratio of 39.31, a price-to-earnings-growth ratio of 0.45 and a beta of 2.13. Magna International has a 1 year low of C$56.04 and a 1 year high of C$96.00. The firm’s 50 day moving average price is C$90.54 and its two-hundred day moving average price is C$83.15. The company has a debt-to-equity ratio of 56.24, a quick ratio of 0.83 and a current ratio of 1.22.

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

Magna International Dividend Announcement

The business 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. This represents a $1.98 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, May 15th. Magna International’s payout ratio is presently 82.28%.

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.