Magna International (TSE:MG) Announces Earnings Results

Magna International (TSE:MG) (NYSE:MGA) announced its quarterly earnings data on Friday. The company reported C$2.99 EPS for the quarter, FiscalAI reports. The company had revenue of C$14.89 billion for the quarter. Magna International had a net margin of 2.52% and a return on equity of 9.11%.

Magna International Price Performance

MG opened at C$93.52 on Friday. The company’s 50-day simple moving average is C$74.48 and its two-hundred day simple moving average is C$67.88. 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 stock has a market capitalization of C$26.36 billion, a P/E ratio of 25.62, a P/E/G ratio of 0.45 and a beta of 1.80. Magna International has a 52-week low of C$43.25 and a 52-week high of C$95.18.

Analysts Set New Price Targets

Separately, BMO Capital Markets upgraded shares of Magna International to a “strong-buy” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Magna International has an average rating of “Hold” and an average price target of C$61.00.

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.