Magna International Inc. (TSE:MG) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Six brokerages covering Magna have an average recommendation of Buy (two “hold” and four “strong buy”), with an average 12‑month price objective of C$61.00 while the stock opened at C$81.02.
• Magna reported quarterly EPS of C$1.92 on C$14.43 billion in revenue and announced a quarterly dividend of $0.495 (ex‑dividend May 15), implying a 2.4% yield and an 82.3% payout ratio.

Magna International Inc. (TSE:MG - Get Free Report) NYSE: MGA has received a consensus recommendation of "Buy" from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$61.00.

MG has been the subject of a number of research analyst reports. Veritas upgraded shares of Magna International to a "strong-buy" rating in a report on Monday. Scotiabank upgraded shares of Magna International from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 23rd. Finally, Canadian Imperial Bank of Commerce upgraded shares of Magna International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 18th.

Magna International Stock Down 2.0%

MG stock opened at C$81.02 on Tuesday. The stock has a market cap of C$22.40 billion, a P/E ratio of 34.19, a P/E/G ratio of 0.45 and a beta of 1.91. The company has a current ratio of 1.22, a quick ratio of 0.83 and a debt-to-equity ratio of 17.27. The stock's fifty day simple moving average is C$80.46 and its two-hundred day simple moving average is C$75.06. Magna International has a 1-year low of C$44.85 and a 1-year high of C$95.18.

Magna International (TSE:MG - Get Free Report) NYSE: MGA last announced its earnings results on Friday, May 1st. The company reported C$1.92 earnings per share (EPS) for the quarter. The firm had revenue of C$14.43 billion during the quarter. Magna International had a return on equity of 5.43% and a net margin of 1.59%. Analysts expect that Magna International will post 8.8948171 EPS for the current year.

Magna International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 29th will be given a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, May 15th. Magna International's dividend payout ratio (DPR) is currently 82.28%.

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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