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

Magna International Inc. (NYSE:MGA - Get Free Report) TSE: MG has been given a consensus rating of "Hold" by the twenty ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $43.74.

A number of research firms recently commented on MGA. Royal Bank of Canada lowered Magna International from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $51.00 to $32.00 in a research report on Friday, April 11th. Scotiabank decreased their target price on Magna International from $45.00 to $38.00 and set a "sector perform" rating on the stock in a report on Tuesday. The Goldman Sachs Group cut their price target on Magna International from $38.00 to $31.00 and set a "sell" rating for the company in a report on Thursday, April 10th. Morgan Stanley decreased their price objective on shares of Magna International from $43.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Finally, Raymond James reduced their target price on shares of 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.

Magna International Price Performance

Magna International stock traded down $0.25 during mid-day trading on Friday, hitting $34.76. 2,290,546 shares of the company were exchanged, compared to its average volume of 1,773,905. The business has a fifty day moving average of $34.86 and a 200 day moving average of $39.48. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.35. Magna International has a 1-year low of $30.39 and a 1-year high of $48.64. The company has a market capitalization of $9.79 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 0.63 and a beta of 1.56.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last released its quarterly earnings results on Friday, February 14th. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.23. The firm had revenue of $10.63 billion for the quarter, compared to analyst estimates of $10.32 billion. Magna International had a net margin of 2.36% and a return on equity of 12.78%. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 earnings per share. As a group, sell-side analysts expect that Magna International will post 5.87 earnings per share for the current year.

Magna International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.485 per share. This is a positive change from Magna International's previous quarterly dividend of $0.48. The ex-dividend date was Friday, February 28th. This represents a $1.94 annualized dividend and a yield of 5.58%. Magna International's dividend payout ratio (DPR) is presently 55.27%.

Institutional Investors Weigh In On Magna International

Several large investors have recently bought and sold shares of the company. Avior Wealth Management LLC grew its holdings in shares of Magna International by 2,400.0% in the 4th quarter. Avior Wealth Management LLC now owns 625 shares of the company's stock valued at $26,000 after buying an additional 600 shares during the period. LRI Investments LLC grew its stake in Magna International by 2,126.5% in the fourth 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. Versant Capital Management Inc acquired a new position in shares of Magna International in the 1st quarter valued at approximately $27,000. Millstone Evans Group LLC bought a new stake in shares of Magna International during the fourth quarter worth $33,000. Finally, Lindbrook Capital LLC raised its stake in shares of Magna International by 43.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,036 shares of the company's stock valued at $43,000 after purchasing an additional 312 shares during the period. Institutional investors own 67.49% of the company's stock.

Magna International Company Profile

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.