BNP Paribas Upgrades Magna International (TSE:MG) to Strong-Buy

Magna International (TSE:MGGet Free Report) (NYSE:MGA) was upgraded by equities research analysts at BNP Paribas from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, reports.

Magna International Stock Performance

MG opened at C$57.34 on Monday. Magna International has a 1-year low of C$55.93 and a 1-year high of C$87.00. The stock has a market cap of C$16.47 billion, a P/E ratio of 11.95, a P/E/G ratio of 0.58 and a beta of 1.70. The stock’s 50 day simple moving average is C$62.16 and its 200 day simple moving average is C$69.87. The company has a debt-to-equity ratio of 66.45, a current ratio of 1.09 and a quick ratio of 0.83.

Magna International (TSE:MGGet Free Report) (NYSE:MGA) last posted its earnings results on Friday, May 3rd. The company reported C$1.46 earnings per share for the quarter, missing the consensus estimate of C$1.67 by C($0.21). Magna International had a net margin of 2.35% and a return on equity of 9.35%. The firm had revenue of C$14.79 billion during the quarter, compared to analyst estimates of C$14.96 billion. As a group, equities analysts anticipate that Magna International will post 7.7401198 EPS for the current fiscal year.

Magna International Company Profile

(Get Free Report)

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.

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