Magna International Inc. (TSE:MG) Receives C$61.00 Consensus Price Target from Analysts

Magna International Inc. (TSE:MG) (NYSE:MGA) has earned an average rating of “Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$61.00.

A number of research analysts have recently weighed in on the company. Veritas raised Magna International to a “strong-buy” rating in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce raised Magna International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Finally, Scotiabank raised Magna International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd.

Magna International Stock Down 0.8%

TSE:MG opened at C$85.64 on Tuesday. The stock’s fifty day moving average price is C$80.09 and its two-hundred day moving average price is C$75.82. Magna International has a 52-week low of C$48.20 and a 52-week high of C$95.18. The company has a debt-to-equity ratio of 56.24, a quick ratio of 0.83 and a current ratio of 1.22. The company has a market cap of C$23.67 billion, a price-to-earnings ratio of 36.14, a P/E/G ratio of 0.45 and a beta of 2.05.

Magna International (TSE:MG) (NYSE:MGA) last posted its quarterly earnings data 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 for the quarter. Magna International had a return on equity of 5.43% and a net margin of 1.59%. On average, analysts anticipate that Magna International will post 8.8948171 EPS for the current year.

Magna International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be paid a $0.495 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.3%. Magna International’s dividend payout ratio is 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.