Magna International Inc. (TSE:MG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Magna International Inc. (TSE:MG) (NYSE:MGA) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$61.00.

Separately, Canadian Imperial Bank of Commerce raised shares of Magna International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th.

Magna International Trading Down 1.0%

Shares of MG stock opened at C$71.65 on Monday. The firm has a market capitalization of C$19.98 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 0.45 and a beta of 2.05. Magna International has a 1 year low of C$43.25 and a 1 year high of C$95.18. The firm’s fifty day simple moving average is C$79.06 and its 200 day simple moving average is C$71.79. The company has a current ratio of 1.25, a quick ratio of 0.83 and a debt-to-equity ratio of 66.74.

Magna International (TSE:MG) (NYSE:MGA) last issued its quarterly earnings results on Friday, February 13th. The company reported C$2.99 earnings per share for the quarter. The firm had revenue of C$14.27 billion during the quarter. Magna International had a net margin of 1.97% and a return on equity of 6.73%. As a group, sell-side analysts predict that Magna International will post 8.8948171 EPS for the current year.

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.