Magna International Inc. (NYSE:MGA) (TSE:MG) has been assigned a consensus recommendation of “Hold” from the fifteen analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $64.09.

A number of research analysts have issued reports on the company. CIBC downgraded Magna International from a “sector outperform” rating to a “neutral” rating in a research note on Monday. Zacks Investment Research upgraded Magna International from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Tuesday, April 2nd. BMO Capital Markets downgraded Magna International from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $64.00 to $55.00 in a research note on Thursday, March 21st. ValuEngine downgraded Magna International from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Finally, Citigroup upped their price objective on Magna International from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th.

Magna International stock traded down $0.17 during trading on Wednesday, hitting $53.96. 733,900 shares of the company were exchanged, compared to its average volume of 1,087,287. Magna International has a 52 week low of $42.88 and a 52 week high of $67.47. The company has a market capitalization of $17.49 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 1.28 and a beta of 1.40. The company has a current ratio of 1.15, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28.

Magna International (NYSE:MGA) (TSE:MG) last announced its quarterly earnings results on Friday, February 22nd. The company reported $1.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.03. The business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.15 billion. Magna International had a return on equity of 20.00% and a net margin of 5.62%. Magna International’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.57 earnings per share. On average, analysts predict that Magna International will post 6.93 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Magna International’s previous quarterly dividend of $0.33. Magna International’s dividend payout ratio is 21.76%.

Several hedge funds have recently bought and sold shares of MGA. Liberty Wealth Management LLC bought a new position in shares of Magna International during the 4th quarter worth $32,000. Community Bank N.A. bought a new position in shares of Magna International during the 4th quarter worth $33,000. Financial Gravity Companies Inc. bought a new position in shares of Magna International during the 4th quarter worth $36,000. Parallel Advisors LLC grew its stake in shares of Magna International by 50.5% during the 4th quarter. Parallel Advisors LLC now owns 1,461 shares of the company’s stock worth $66,000 after acquiring an additional 490 shares during the period. Finally, Legacy Advisors LLC bought a new position in shares of Magna International during the 1st quarter worth $122,000. Institutional investors own 60.00% of the company’s stock.

Magna International Company Profile

Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia Pacific, and internationally. The Body Exteriors & Structures segment provides body structures; chassis structures, such as frame and structural assemblies, chassis subframes, and suspension systems; exterior systems and modules, including hoods, roofs, door panels, front end modules, liftgate modules, polycarbonate roof panels, liftgate sensor integration systems, and fascia; trim and automotive jewelry comprises engineered glass, trim and roof racks, and running boards; non-visible and visible active grille shutters, active air deflectors, and underbody panels; and fuel systems, pipes and components, and alternative energy storage systems.

Featured Story: Discount Rate

Analyst Recommendations for Magna International (NYSE:MGA)

Receive News & Ratings for Magna International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magna International and related companies with's FREE daily email newsletter.