Magna International Inc. (TSE:MG – Get Free Report) (NYSE:MGA) insider Bruce Cluney sold 5,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of C$95.22, for a total value of C$476,100.00. Following the sale, the insider owned 40,239 shares of the company’s stock, valued at approximately C$3,831,557.58. This trade represents a 11.05% decrease in their position.
Magna International Trading Up 3.1%
TSE:MG opened at C$98.04 on Friday. Magna International Inc. has a 12 month low of C$57.85 and a 12 month high of C$101.10. The firm has a market cap of C$27.10 billion, a price-to-earnings ratio of 36.04, a P/E/G ratio of 0.45 and a beta of 2.11. The company has a quick ratio of 0.83, a current ratio of 1.22 and a debt-to-equity ratio of 55.07. The company’s 50 day moving average is C$93.28 and its 200-day moving average is C$85.20.
Magna International (TSE:MG – Get Free Report) (NYSE:MGA) last posted its quarterly earnings data on Friday, July 31st. The company reported C$2.64 earnings per share (EPS) for the quarter. The business had revenue of C$15.60 billion during the quarter. Magna International had a net margin of 1.77% and a return on equity of 6.15%. Equities analysts anticipate that Magna International Inc. will post 8.8948171 EPS for the current year.
Magna International Dividend Announcement
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Veritas upgraded Magna International to a “strong-buy” rating in a research note on Monday, May 4th. Scotiabank upgraded Magna International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. Four research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.
Get Our Latest Research Report on Magna International
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.
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