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

Shares of Magna International Inc. (TSE:MG) (NYSE:MGA) have received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$61.00.

A number of brokerages have weighed in on MG. Canadian Imperial Bank of Commerce upgraded shares of Magna International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. BMO Capital Markets upgraded Magna International to a “strong-buy” rating in a research note on Monday, November 3rd.

Magna International Stock Down 2.8%

Magna International stock opened at C$88.86 on Thursday. Magna International has a 12 month low of C$43.25 and a 12 month high of C$95.18. The stock has a fifty day simple moving average of C$76.61 and a two-hundred day simple moving average of C$69.15. The company has a current ratio of 1.14, a quick ratio of 0.83 and a debt-to-equity ratio of 61.81. The firm has a market cap of C$24.90 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 0.45 and a beta of 1.80.

Magna International (TSE:MG) (NYSE:MGA) last released its quarterly earnings data on Friday, February 13th. The company reported C$2.99 EPS for the quarter. The company had revenue of C$14.89 billion during the quarter. Magna International had a return on equity of 9.11% and a net margin of 2.52%. Equities analysts predict that Magna International will post 8.8948171 EPS for the current fiscal year.

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.