Magna International (TSE:MG) Rating Increased to Moderate Buy at Royal Bank of Canada

Magna International (TSE:MG - Get Free Report) NYSE: MGA was upgraded by equities research analysts at Royal Bank of Canada from a "hold" rating to a "moderate buy" rating in a research report issued on Friday,Zacks.com reports.

A number of other brokerages have also commented on MG. The Goldman Sachs Group lowered shares of 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.

Magna International Price Performance

Magna International stock traded up C$1.26 during mid-day trading on Friday, reaching C$59.00. 1,465,313 shares of the company were exchanged, compared to its average volume of 793,853. The firm has a market cap of C$16.95 billion, a PE ratio of 12.45, a PEG ratio of 0.45 and a beta of 1.60. The company has a fifty day simple moving average of C$60.90 and a 200-day simple moving average of C$58.58. Magna International has a 12 month low of C$51.79 and a 12 month high of C$79.98. The company has a debt-to-equity ratio of 62.12, a current ratio of 1.12 and a quick ratio of 0.83.

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 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 quarter in the prior year, the company posted $1.96 earnings per share. As a group, equities research analysts expect that Magna International will post 8.8948171 earnings per share for the current fiscal year.

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.