Magna International (TSE:MG) Hits New 1-Year Low at $62.90

Shares of Magna International Inc. (TSE:MG) (NYSE:MGA) reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$62.90 and last traded at C$64.70, with a volume of 342433 shares traded. The stock had previously closed at C$66.20.

Analyst Ratings Changes

Separately, Royal Bank of Canada decreased their target price on Magna International from C$61.00 to C$60.00 and set a “sector perform” rating for the company in a research report on Monday, February 12th.

Magna International Price Performance

The business has a 50-day moving average price of C$70.93 and a two-hundred day moving average price of C$73.13. The company has a quick ratio of 0.83, a current ratio of 1.06 and a debt-to-equity ratio of 58.83. The company has a market capitalization of C$18.35 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 0.58 and a beta of 1.68.

Magna International (TSE:MG) (NYSE:MGA) last released its quarterly earnings results on Friday, February 9th. The company reported C$1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.99 by C($0.18). The company had revenue of C$14.23 billion for the quarter, compared to analyst estimates of C$14.30 billion. Magna International had a net margin of 2.83% and a return on equity of 10.89%. As a group, research analysts anticipate that Magna International Inc. will post 8.2060185 EPS for the current year.

Magna International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a $0.638 dividend. This represents a $2.55 dividend on an annualized basis and a yield of 3.99%. This is an increase from Magna International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, February 22nd. Magna International’s dividend payout ratio is presently 44.76%.

Insider Buying and Selling at Magna International

In other Magna International news, Director Seetarama Swamy Kotagiri sold 20,906 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of C$53.98, for a total value of C$1,128,476.61. In other Magna International news, Director Seetarama Swamy Kotagiri sold 20,906 shares of Magna International stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of C$53.98, for a total value of C$1,128,476.61. Also, Senior Officer Bruce Cluney sold 9,292 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of C$54.15, for a total transaction of C$503,164.59. In the last 90 days, insiders sold 34,844 shares of company stock worth $1,887,403. Insiders own 6.10% 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.