Analysts Set Magna International Inc. (NYSE:MGA) Price Target at $49.88

Shares of Magna International Inc. (NYSE:MGA - Get Free Report) TSE: MG have been given an average recommendation of "Hold" by the nineteen analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $49.88.

A number of analysts have commented on MGA shares. Royal Bank of Canada decreased their price objective on Magna International from $42.00 to $41.00 and set a "sector perform" rating for the company in a report on Monday, November 4th. Wells Fargo & Company reduced their target price on Magna International from $46.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, December 16th. UBS Group upped their target price on Magna International from $44.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, November 4th. The Goldman Sachs Group lowered Magna International from a "neutral" rating to a "sell" rating and reduced their target price for the company from $42.00 to $41.00 in a report on Wednesday, December 11th. Finally, Scotiabank upped their target price on Magna International from $50.00 to $52.00 and gave the company a "sector perform" rating in a report on Monday, November 4th.

Institutional Investors Weigh In On Magna International

Institutional investors and hedge funds have recently made changes to their positions in the business. Avior Wealth Management LLC raised its position in Magna International by 2,400.0% during the fourth quarter. Avior Wealth Management LLC now owns 625 shares of the company's stock valued at $26,000 after purchasing an additional 600 shares in the last quarter. Kennebec Savings Bank purchased a new stake in Magna International during the third quarter valued at about $32,000. Grove Bank & Trust raised its position in Magna International by 70.4% during the third quarter. Grove Bank & Trust now owns 830 shares of the company's stock valued at $34,000 after purchasing an additional 343 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in Magna International by 84.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,121 shares of the company's stock valued at $46,000 after purchasing an additional 513 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Magna International by 37.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,111 shares of the company's stock valued at $46,000 after purchasing an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 67.49% of the company's stock.

Magna International Stock Down 0.5 %

MGA traded down $0.22 during midday trading on Wednesday, reaching $40.35. 1,089,450 shares of the company were exchanged, compared to its average volume of 896,510. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 1.14. The company's fifty day moving average price is $43.13 and its 200 day moving average price is $42.25. The company has a market cap of $11.41 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 0.62 and a beta of 1.62. Magna International has a one year low of $38.01 and a one year high of $59.37.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last issued its quarterly earnings data on Friday, November 1st. The company reported $1.28 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.20). The company had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.34 billion. Magna International had a return on equity of 11.88% and a net margin of 2.52%. The business's revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 earnings per share. As a group, analysts expect that Magna International will post 5.22 EPS for the current year.

Magna International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.475 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.71%. Magna International's dividend payout ratio (DPR) is presently 50.80%.

About Magna International

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.