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

Magna International Inc. (TSE:MG) (NYSE:MGA) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$61.00.

Separately, Canadian Imperial Bank of Commerce upgraded Magna International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th.

Magna International Stock Down 1.8%

Shares of TSE:MG opened at C$75.59 on Monday. The firm has a market capitalization of C$21.07 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 0.45 and a beta of 2.05. The company has a debt-to-equity ratio of 66.74, a quick ratio of 0.83 and a current ratio of 1.25. Magna International has a 52-week low of C$43.25 and a 52-week high of C$95.18. The firm has a fifty day moving average of C$79.38 and a 200 day moving average of C$71.51.

Magna International (TSE:MG) (NYSE:MGA) last released its quarterly earnings results 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 business had revenue of C$14.27 billion for the quarter. As a group, research analysts anticipate 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.