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

Magna International Inc. (TSE:MG) (NYSE:MGA) has been given an average recommendation of “Buy” by the six brokerages that are presently covering the firm, 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.

A number of research firms recently commented on MG. Veritas raised shares of Magna International to a “strong-buy” rating in a research note on Monday, May 4th. Scotiabank raised shares of Magna International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd.

Insiders Place Their Bets

In other news, insider Uwe Paul-Ernst Geissinger sold 22,434 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$86.46, for a total value of C$1,939,643.64. Following the transaction, the insider owned 30,470 shares in the company, valued at C$2,634,436.20. This represents a 42.41% decrease in their position. Also, insider Tom Rucker Joerg sold 39,210 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of C$92.58, for a total transaction of C$3,630,061.80. Following the completion of the sale, the insider directly owned 31,633 shares of the company’s stock, valued at C$2,928,583.14. This trade represents a 55.35% decrease in their ownership of the stock. Insiders have sold 150,405 shares of company stock worth $13,505,134 over the last quarter. Company insiders own 6.18% of the company’s stock.

Magna International Price Performance

MG stock opened at C$92.59 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.83 and a debt-to-equity ratio of 56.24. Magna International has a one year low of C$56.04 and a one year high of C$97.04. The firm has a market capitalization of C$25.21 billion, a PE ratio of 39.07, a P/E/G ratio of 0.45 and a beta of 2.13. The firm has a 50-day moving average of C$91.20 and a two-hundred day moving average of C$83.79.

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

Magna International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 29th were paid a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, May 15th. Magna International’s payout ratio is 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.