News articles about Magna International (NYSE:MGA) (TSE:MG) have trended somewhat positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Magna International earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.933820766889 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Magna International Inc.: Firing on All Cylinders (fool.ca)
- Global Automotive Ventilated Seat Market 2017-2023: Market is Expected to Reach an Estimated $1.8 Billion (markets.financialcontent.com)
- Magna to Hold Investor Day (finance.yahoo.com)
- Geneva Motor Show: Magna Offers Unique Expertise in Complete Vehicle Manufacturing NYSE:MGA (menafn.com)
- Magna International Inc. (MGA) Holdings Increased by Barometer Capital Management Inc. (americanbankingnews.com)
MGA has been the topic of a number of recent analyst reports. BMO Capital Markets reissued a “hold” rating on shares of Magna International in a report on Monday, November 6th. Macquarie reissued an “outperform” rating and issued a $72.00 price target (up from $59.00) on shares of Magna International in a report on Tuesday, January 9th. Raymond James Financial raised their target price on shares of Magna International from $67.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Wells Fargo & Co raised shares of Magna International from a “market perform” rating to an “outperform” rating in a research note on Friday, January 12th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Magna International in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $62.15.
Magna International (NYSE:MGA) (TSE:MG) last announced its earnings results on Thursday, February 22nd. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.01). Magna International had a net margin of 5.66% and a return on equity of 19.61%. The company had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $10.11 billion. During the same period in the prior year, the business earned $1.31 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. research analysts anticipate that Magna International will post 6.65 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a dividend of $0.33 per share. This is a boost from Magna International’s previous quarterly dividend of $0.28. This represents a $1.32 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, March 8th. Magna International’s dividend payout ratio (DPR) is presently 18.84%.
Magna International Company Profile
Magna International Inc (Magna) is a global automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.
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