Magna International Inc. (TSE:MG) Receives Consensus Rating of “Buy” from Brokerages

Shares of Magna International Inc. (TSE:MG) (NYSE:MGA) have been given an average recommendation of “Buy” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a strong buy rating to the company.

A number of equities research analysts recently weighed in on the company. Veritas upgraded Magna International to a “strong-buy” rating in a research report on Monday, May 4th. Scotiabank upgraded Magna International from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd.

Insider Transactions at Magna International

In other Magna International news, insider Uwe Paul-Ernst Geissinger sold 22,434 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$86.46, for a total value of C$1,939,643.64. Following the transaction, the insider owned 30,470 shares in the company, valued at approximately C$2,634,436.20. This represents a 42.41% decrease in their ownership of the stock. Also, insider John Hugh Farrell sold 31,523 shares of the company’s stock in a transaction on 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 completion of the sale, the insider owned 50,020 shares of the company’s stock, valued at approximately C$4,472,288.20. The trade was a 38.66% decrease in their position. Insiders have sold a total of 150,405 shares of company stock worth $13,505,134 in the last three months. Insiders own 6.18% of the company’s stock.

Magna International Price Performance

Shares of TSE MG opened at C$91.59 on Wednesday. The stock has a market capitalization of C$24.93 billion, a PE ratio of 38.65, a P/E/G ratio of 0.45 and a beta of 2.19. 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 business has a fifty day moving average price of C$87.52 and a two-hundred day moving average price of C$80.73. Magna International has a fifty-two week low of C$51.06 and a fifty-two week high of C$96.00.

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

Magna International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were paid a $0.495 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.98 annualized dividend and a dividend yield of 2.2%. Magna International’s payout ratio is currently 82.28%.

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.