Magna International Inc. (NYSE:MGA) Receives Average Rating of "Hold" from Brokerages

Shares of Magna International Inc. (NYSE:MGA - Get Free Report) TSE: MG have been assigned a consensus recommendation of "Hold" from the nineteen analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $41.38.

MGA has been the subject of a number of research reports. TD Securities lifted their price target on shares of Magna International from $44.00 to $45.00 and gave the company a "buy" rating in a research report on Monday, May 5th. CIBC raised their price objective on Magna International from $33.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Raymond James Financial decreased their target price on Magna International from $53.00 to $50.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 18th. Bank of America upped their target price on Magna International from $42.00 to $45.00 and gave the company a "neutral" rating in a report on Monday. Finally, Veritas raised Magna International to a "hold" rating in a research note on Thursday, April 24th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc acquired a new position in shares of Magna International in the 1st quarter valued at about $27,000. Cromwell Holdings LLC increased its position in shares of Magna International by 131.6% in the first quarter. Cromwell Holdings LLC now owns 820 shares of the company's stock worth $28,000 after acquiring an additional 466 shares in the last quarter. LRI Investments LLC raised its stake in shares of Magna International by 2,126.5% in the 4th quarter. LRI Investments LLC now owns 757 shares of the company's stock valued at $32,000 after acquiring an additional 723 shares during the period. Millstone Evans Group LLC acquired a new position in shares of Magna International during the 4th quarter valued at $33,000. Finally, Lindbrook Capital LLC boosted its position in Magna International by 43.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,036 shares of the company's stock worth $43,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 67.49% of the company's stock.

Magna International Price Performance

NYSE:MGA traded down $0.59 during trading hours on Friday, hitting $37.28. The company's stock had a trading volume of 1,179,127 shares, compared to its average volume of 1,735,919. Magna International has a 52-week low of $30.39 and a 52-week high of $47.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.74 and a current ratio of 1.06. The business's 50-day moving average is $35.15 and its two-hundred day moving average is $37.82. The company has a market capitalization of $10.50 billion, a PE ratio of 9.32, a PEG ratio of 0.60 and a beta of 1.50.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.12). Magna International had a return on equity of 11.96% and a net margin of 2.73%. The company had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.66 billion. During the same period last year, the company earned $1.08 earnings per share. The business's revenue for the quarter was down 8.2% compared to the same quarter last year. As a group, research analysts anticipate that Magna International will post 5.87 EPS for the current fiscal year.

Magna International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $0.485 per share. The ex-dividend date was Friday, May 16th. This represents a $1.94 annualized dividend and a yield of 5.20%. Magna International's dividend payout ratio (DPR) is presently 48.50%.

About Magna International

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.