Magna International (TSE:MG) (NYSE:MGA) has been assigned a C$61.00 price objective by BMO Capital Markets in a research note issued to investors on Thursday. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target indicates a potential downside of 17.25% from the company’s previous close.

Shares of Magna International (TSE:MG) traded down C$0.42 during trading on Thursday, reaching C$73.72. The company’s stock had a trading volume of 431,460 shares, compared to its average volume of 922,335. Magna International has a fifty-two week low of C$52.63 and a fifty-two week high of C$74.45. The firm has a market cap of $26,640.00, a P/E ratio of 10.58 and a beta of 1.13.

Magna International (TSE:MG) (NYSE:MGA) last announced its quarterly earnings results on Thursday, November 9th. The company reported C$1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.67 by C$0.04. Magna International had a return on equity of 18.56% and a net margin of 5.39%.

In other news, Director Donald James Walker sold 200,000 shares of Magna International stock in a transaction on Monday, November 13th. The stock was sold at an average price of C$67.37, for a total transaction of C$13,474,000.00. Also, Director Tommy Joseph Skudutis sold 84,000 shares of Magna International stock in a transaction on Thursday, December 14th. The stock was sold at an average price of C$71.08, for a total value of C$5,970,720.00. Insiders have sold 531,122 shares of company stock valued at $36,350,412 in the last three months.

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Magna International Company Profile

Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company offers engineering and contract manufacturing services, and fuel systems; electric/electronic components and systems; roof systems comprising softtops, retractable hardtops, modular tops, and hardtops; and closures, including latching systems, hinges and wire forming, power closures, electronics, door modules, window systems engineered glass, sealing, trim and roof racks, roof systems, testing centers, and running boards.

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