Magna International (TSE:MG) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Magna International Inc. (TSE:MG) (NYSE:MGA) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$66.55 and traded as high as C$71.62. Magna International shares last traded at C$71.17, with a volume of 1,991,017 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MG. BMO Capital Markets upgraded shares of Magna International to a “strong-buy” rating in a report on Monday, November 3rd. Citigroup raised shares of Magna International to a “hold” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$61.00.

Magna International Trading Up 0.3%

The company has a debt-to-equity ratio of 61.81, a quick ratio of 0.83 and a current ratio of 1.14. The company has a market capitalization of C$20.06 billion, a P/E ratio of 19.50, a PEG ratio of 0.45 and a beta of 1.93. The company’s fifty day simple moving average is C$72.99 and its 200-day simple moving average is C$66.55.

Magna International (TSE:MG) (NYSE:MGA) last released its quarterly earnings data on Friday, October 31st. The company reported C$1.33 earnings per share (EPS) for the quarter. The firm had revenue of C$14.57 billion for the quarter. Magna International had a net margin of 2.52% and a return on equity of 9.11%. Research analysts predict that Magna International Inc. will post 8.8948171 earnings per share for the current year.

Magna International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 28th were issued a $0.485 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.7%. Magna International’s dividend payout ratio (DPR) is currently 52.88%.

About Magna International

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.