Magna International Inc. (TSE:MG – Get Free Report) (NYSE:MGA) declared a quarterly dividend on Friday, November 13th. Investors of record on Friday, November 27th will be given a dividend of $0.4950 per share on Friday, November 27th. This represents a $1.98 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 13th.
Magna International Stock Down 1.2%
Magna International stock opened at C$87.01 on Wednesday. Magna International has a 1-year low of C$63.93 and a 1-year high of C$101.10. The company has a debt-to-equity ratio of 55.54, a current ratio of 1.14 and a quick ratio of 0.83. The stock has a market cap of C$22.48 billion, a PE ratio of 28.34, a P/E/G ratio of 0.45 and a beta of 1.98. The stock’s fifty day moving average is C$90.67 and its two-hundred day moving average is C$87.53.
Magna International (TSE:MG – Get Free Report) (NYSE:MGA) last released its quarterly earnings data on Friday, October 30th. The company reported C$2.61 earnings per share (EPS) for the quarter. Magna International had a return on equity of 6.97% and a net margin of 1.97%. The business had revenue of C$14.32 billion during the quarter. On average, sell-side analysts expect that Magna International will post 8.89 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. BMO Capital Markets lowered shares of Magna International from a “strong-buy” rating to a “hold” rating and reduced their target price for the company from C$105.17 to C$97.90 in a report on Thursday, September 17th. Canadian Imperial Bank of Commerce downgraded Magna International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$97.90.
View Our Latest Report 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 Asia. With operations in 28 countries, we combine global scale with trusted reliability and proven execution. Backed by nearly seven decades of experience, we bring together deep manufacturing expertise with innovative vehicle systems to deliver performance, safety, and quality.
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