Magna International (MGA) Projected to Post Earnings on Friday

Magna International (NYSE:MGA - Get Free Report) TSE: MG is expected to post its quarterly earnings results before the market opens on Friday, February 14th. Analysts expect Magna International to post earnings of $1.46 per share and revenue of $10.32 billion for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Magna International Trading Down 1.2 %

Shares of NYSE:MGA opened at $38.42 on Friday. The company has a 50-day simple moving average of $41.94 and a 200 day simple moving average of $41.88. 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 has a market capitalization of $10.87 billion, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 0.62 and a beta of 1.61. Magna International has a 52-week low of $35.05 and a 52-week high of $59.37.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada raised Magna International from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $41.00 to $52.00 in a report on Friday, January 24th. StockNews.com raised Magna International from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Scotiabank dropped their price objective on Magna International from $52.00 to $49.00 and set a "sector perform" rating for the company in a report on Monday, January 27th. The Goldman Sachs Group cut Magna International from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $42.00 to $41.00 in a report on Wednesday, December 11th. Finally, Wolfe Research raised Magna International from an "underperform" rating to a "peer perform" rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $50.24.

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.

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