Magna International Inc. (NYSE:MGA) Receives $50.24 Consensus PT from Analysts

Shares of Magna International Inc. (NYSE:MGA) (TSE:MG) have been assigned a consensus rating of “Hold” from the nineteen ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $50.24.

Several research firms have weighed in on MGA. Royal Bank of Canada upgraded shares of Magna International from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $41.00 to $52.00 in a report on Friday, January 24th. CIBC lifted their target price on Magna International from $46.00 to $51.00 in a report on Monday, January 13th. StockNews.com raised Magna International from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. UBS Group lifted their price objective on Magna International from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Wolfe Research raised Magna International from an “underperform” rating to a “peer perform” rating in a research note on Thursday, December 5th.

Magna International Stock Down 4.5 %

Shares of Magna International stock opened at $37.89 on Friday. The business has a fifty day simple moving average of $41.14 and a 200 day simple moving average of $41.67. The stock has a market cap of $10.72 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 0.60 and a beta of 1.61. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. Magna International has a 12 month low of $35.05 and a 12 month high of $56.12.

Magna International (NYSE:MGA) (TSE:MG) last posted its earnings results on Friday, February 14th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.23. The company had revenue of $10.63 billion during the quarter, compared to analyst estimates of $10.32 billion. Magna International had a return on equity of 11.88% and a net margin of 2.52%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.33 EPS. Research analysts predict that Magna International will post 5.23 EPS for the current year.

Magna International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.485 dividend. This is a boost from Magna International’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.94 annualized dividend and a dividend yield of 5.12%. Magna International’s dividend payout ratio (DPR) is presently 55.27%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Avior Wealth Management LLC raised its stake in shares of Magna International by 2,400.0% during the 4th quarter. Avior Wealth Management LLC now owns 625 shares of the company’s stock worth $26,000 after purchasing an additional 600 shares in the last quarter. Kennebec Savings Bank acquired a new position in Magna International during the third quarter worth $32,000. Millstone Evans Group LLC bought a new stake in Magna International during the fourth quarter worth $33,000. Grove Bank & Trust lifted its stake in Magna International by 70.4% in the third quarter. Grove Bank & Trust now owns 830 shares of the company’s stock valued at $34,000 after acquiring an additional 343 shares during the last quarter. Finally, Lindbrook Capital LLC grew its position in shares of Magna International by 43.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,036 shares of the company’s stock valued at $43,000 after acquiring an additional 312 shares during the period. 67.49% of the stock is owned by institutional investors and hedge funds.

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.