Magna International Inc. (TSE:MG - Get Free Report) NYSE: MGA crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$58.56 and traded as high as C$58.61. Magna International shares last traded at C$58.35, with a volume of 191,002 shares changing hands.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on MG shares. The Goldman Sachs Group lowered Magna International from a "hold" rating to a "strong sell" rating in a research note on Wednesday, December 11th. Wolfe Research raised shares of Magna International from a "strong sell" rating to a "hold" rating in a report on Thursday, December 5th.
Read Our Latest Stock Analysis on MG
Magna International Stock Down 1.6 %
The firm has a fifty day moving average price of C$61.12 and a 200 day moving average price of C$58.58. The firm has a market capitalization of C$16.54 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.45 and a beta of 1.60. The company has a debt-to-equity ratio of 62.12, a quick ratio of 0.83 and a current ratio of 1.12.
Magna International (TSE:MG - Get Free Report) NYSE: MGA last issued its quarterly earnings data on Friday, November 1st. The company reported C$1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.03 by C($0.28). Magna International had a net margin of 2.29% and a return on equity of 9.03%. During the same period in the previous year, the company earned $1.96 earnings per share. As a group, sell-side analysts expect that Magna International Inc. will post 8.8948171 EPS for the current fiscal year.
Magna International Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid a dividend of $0.475 per share. The ex-dividend date was Friday, November 15th. This represents a $1.90 annualized dividend and a yield of 3.30%. Magna International's dividend payout ratio is currently 54.01%.
About Magna International
(
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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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