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

Magna International Inc. (TSE:MG) (NYSE:MGA) hit a new 52-week high on Wednesday . The company traded as high as C$72.84 and last traded at C$72.66, with a volume of 915343 shares. The stock had previously closed at C$72.11.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of 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 report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$61.00.

Magna International Stock Up 0.8%

The firm’s 50 day moving average price is C$67.02 and its 200-day moving average price is C$61.73. The company has a current ratio of 1.14, a quick ratio of 0.83 and a debt-to-equity ratio of 61.81. The company has a market cap of C$20.48 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 0.45 and a beta of 1.86.

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

Magna International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 28th were paid a dividend of $0.485 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.7%. Magna International’s payout ratio 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.