Magna International Inc. (TSE:MG) Receives Average Rating of “Buy” from Brokerages

Magna International Inc. (TSE:MG) (NYSE:MGA) has been assigned an average recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a strong buy rating to the company.

Several equities research analysts recently weighed in on MG shares. Scotiabank upgraded Magna International from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Veritas upgraded Magna International to a “strong-buy” rating in a report on Monday, May 4th.

Insider Buying and Selling

In related news, insider Tom Rucker Joerg sold 39,210 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of C$92.58, for a total transaction of C$3,630,061.80. Following the completion of the transaction, the insider owned 31,633 shares of the company’s stock, valued at C$2,928,583.14. This trade represents a 55.35% decrease in their position. Also, insider Uwe Paul-Ernst Geissinger sold 22,434 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$86.46, for a total value of C$1,939,643.64. Following the transaction, the insider directly owned 30,470 shares in the company, valued at approximately C$2,634,436.20. The trade was a 42.41% decrease in their ownership of the stock. Insiders sold 150,405 shares of company stock worth $13,505,134 in the last 90 days. Corporate insiders own 6.18% of the company’s stock.

Magna International Price Performance

Shares of TSE MG opened at C$91.59 on Wednesday. Magna International has a fifty-two week low of C$51.06 and a fifty-two week high of C$96.00. The stock has a fifty day moving average of C$87.52 and a 200-day moving average of C$80.73. The company has a debt-to-equity ratio of 56.24, a quick ratio of 0.83 and a current ratio of 1.22. The stock has a market cap of C$24.93 billion, a PE ratio of 38.65, a price-to-earnings-growth ratio of 0.45 and a beta of 2.19.

Magna International (TSE:MG) (NYSE:MGA) last posted its earnings results on Friday, May 1st. The company reported C$1.92 EPS for the quarter. Magna International had a return on equity of 5.43% and a net margin of 1.59%.The business had revenue of C$14.43 billion during the quarter. Equities research analysts anticipate that Magna International will post 8.8948171 earnings per share for the current year.

Magna International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were given a $0.495 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.98 annualized dividend and a dividend yield of 2.2%. Magna International’s dividend payout ratio is currently 82.28%.

Magna International Company Profile

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.