Magna International Inc. (TSE:MG) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Magna International received a consensus analyst rating of "Buy", with six analysts covering the stock and four calling it a strong buy.
• Several analysts recently turned more bullish, including Veritas and Scotiabank, both of which upgraded the stock to strong buy.
• Insiders have been selling shares recently, including sizable transactions by Eric Jon Wilds Wilds and John Hugh Farrell, though Magna still reported a 2.1% dividend yield and posted quarterly EPS of C$1.92.

Shares of Magna International Inc. (TSE:MG - Get Free Report) NYSE: MGA have been given a consensus recommendation of "Buy" by the six analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a strong buy recommendation to the company.

MG has been the topic of a number of research analyst reports. Veritas upgraded shares of Magna International to a "strong-buy" rating in a research note on Monday, May 4th. Scotiabank raised Magna International from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 23rd.

Insider Transactions at Magna International

In related news, insider Eric Jon Wilds Wilds sold 34,672 shares of the firm's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of C$91.31, for a total transaction of C$3,165,900.32. Following the completion of the transaction, the insider owned 38,756 shares of the company's stock, valued at C$3,538,810.36. This trade represents a 47.22% decrease in their ownership of the stock. Also, insider John Hugh Farrell sold 31,523 shares of Magna International stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of C$89.41, for a total value of C$2,818,471.43. Following the transaction, the insider directly owned 50,020 shares in the company, valued at approximately C$4,472,288.20. The trade was a 38.66% decrease in their ownership of the stock. In the last three months, insiders have sold 150,405 shares of company stock worth $13,505,134. Corporate insiders own 6.18% of the company's stock.

Magna International Stock Down 1.8%

Magna International stock opened at C$93.17 on Friday. The stock has a market cap of C$25.36 billion, a price-to-earnings ratio of 39.31, a PEG ratio of 0.45 and a beta of 2.13. The company has a current ratio of 1.22, a quick ratio of 0.83 and a debt-to-equity ratio of 56.24. The company's 50-day moving average price is C$90.54 and its two-hundred day moving average price is C$83.15. Magna International has a 52 week low of C$56.04 and a 52 week high of C$96.00.

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

Magna International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were paid a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, May 15th. Magna International's payout ratio is currently 82.28%.

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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