Magna International Inc. (TSE:MG) Given Average Recommendation of “Moderate Buy” by Analysts

Magna International Inc. (TSE:MG) (NYSE:MGA) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$61.00.

Several analysts have commented on MG shares. Canadian Imperial Bank of Commerce upgraded Magna International from a “hold” rating to a “strong-buy” rating in a report on Wednesday. BMO Capital Markets raised Magna International to a “strong-buy” rating in a research report on Monday, November 3rd.

Magna International Stock Up 0.5%

MG opened at C$91.58 on Thursday. The company has a fifty day moving average price of C$75.86 and a 200-day moving average price of C$68.69. Magna International has a one year low of C$43.25 and a one year high of C$95.18. The firm has a market capitalization of C$25.66 billion, a P/E ratio of 31.26, a price-to-earnings-growth ratio of 0.45 and a beta of 1.80. The company has a debt-to-equity ratio of 61.81, a current ratio of 1.14 and a quick ratio of 0.83.

Magna International (TSE:MG) (NYSE:MGA) last posted its quarterly earnings data on Friday, February 13th. The company reported C$2.99 earnings per share (EPS) for the quarter. The firm had revenue of C$14.89 billion during the quarter. Magna International had a return on equity of 9.11% and a net margin of 2.52%. Equities research analysts expect that Magna International will post 8.8948171 earnings per share for the current fiscal year.

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.