John Hugh Farrell Sells 31,523 Shares of Magna International (TSE:MG) Stock

Magna International Inc. (TSE:MG) (NYSE:MGA) insider John Hugh Farrell sold 31,523 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of C$89.41, for a total transaction of C$2,818,471.43. Following the transaction, the insider directly owned 50,020 shares of the company’s stock, valued at approximately C$4,472,288.20. This trade represents a 38.66% decrease in their position.

Magna International Trading Down 0.7%

Shares of MG stock opened at C$91.15 on Friday. The company has a debt-to-equity ratio of 56.24, a current ratio of 1.22 and a quick ratio of 0.83. The firm has a market cap of C$25.20 billion, a PE ratio of 38.46, a price-to-earnings-growth ratio of 0.45 and a beta of 2.05. The company has a 50-day moving average of C$81.73 and a two-hundred day moving average of C$77.70. Magna International Inc. has a 1-year low of C$48.50 and a 1-year high of C$95.18.

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

Magna International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be paid a $0.495 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.2%. Magna International’s payout ratio is presently 82.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MG shares. Veritas raised Magna International to a “strong-buy” rating in a research note on Monday, May 4th. Scotiabank raised Magna International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. Finally, Canadian Imperial Bank of Commerce raised Magna International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Four equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price 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.