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

Shares of Magna International Inc. (TSE:MG) (NYSE:MGA) have been given an average rating of “Moderate Buy” by the six research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$61.00.

Separately, 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.

Magna International Trading Up 0.6%

Shares of TSE MG opened at C$79.85 on Friday. The business’s 50 day moving average is C$79.53 and its two-hundred day moving average is C$73.04. The company has a debt-to-equity ratio of 66.74, a current ratio of 1.25 and a quick ratio of 0.83. Magna International has a 1-year low of C$43.56 and a 1-year high of C$95.18. The stock has a market capitalization of C$22.07 billion, a P/E ratio of 27.25, a PEG ratio of 0.45 and a beta of 1.91.

Magna International (TSE:MG) (NYSE:MGA) last issued its quarterly earnings data on Friday, February 13th. The company reported C$2.99 earnings per share for the quarter. Magna International had a return on equity of 6.73% and a net margin of 1.97%.The company had revenue of C$14.27 billion for the quarter. As a group, research analysts expect 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.