Magna International Inc. (TSE:MG – Get Free Report) (NYSE:MGA) insider Eric Jon Wilds Wilds sold 34,672 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of C$91.31, for a total transaction of C$3,165,900.32. Following the completion of the sale, the insider owned 38,756 shares of the company’s stock, valued at C$3,538,810.36. The trade was a 47.22% decrease in their ownership of the stock.
Magna International Stock Down 0.7%
Magna International stock opened at C$91.15 on Friday. Magna International Inc. has a 1-year low of C$48.50 and a 1-year high of C$95.18. The firm has a market capitalization of C$25.20 billion, a price-to-earnings ratio of 38.46, a price-to-earnings-growth ratio of 0.45 and a beta of 2.05. The firm’s fifty day moving average price is C$81.73 and its two-hundred day moving average price is C$77.70. The company has a current ratio of 1.22, a quick ratio of 0.83 and a debt-to-equity ratio of 56.24.
Magna International (TSE:MG – Get Free Report) (NYSE:MGA) last released its quarterly 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 for the quarter. On average, equities research analysts predict that Magna International Inc. will post 8.8948171 earnings per share for the current fiscal year.
Magna International Announces Dividend
Analyst Ratings Changes
Several brokerages have commented on MG. Canadian Imperial Bank of Commerce raised shares of Magna International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Scotiabank raised shares of Magna International from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. Finally, Veritas raised shares of Magna International to a “strong-buy” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$61.00.
Check Out Our Latest Stock Analysis on Magna International
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.
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