BNP Paribas upgraded shares of Magna International (TSE:MG – Free Report) (NYSE:MGA) from a hold rating to a strong-buy rating in a research report report published on Monday morning, Zacks.com reports.
Magna International Stock Performance
Shares of MG stock opened at C$58.24 on Monday. The firm has a market capitalization of C$16.73 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 0.58 and a beta of 1.70. The stock has a fifty day moving average of C$61.75 and a 200 day moving average of C$69.60. Magna International has a 52 week low of C$55.93 and a 52 week high of C$87.00. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 66.45.
Magna International (TSE:MG – Get Free Report) (NYSE:MGA) last posted its earnings results on Friday, May 3rd. The company reported C$1.46 EPS for the quarter, missing the consensus estimate of C$1.67 by C($0.21). The company had revenue of C$14.79 billion during the quarter, compared to analysts’ expectations of C$14.96 billion. Magna International had a return on equity of 9.35% and a net margin of 2.35%. As a group, research analysts expect that Magna International will post 7.7401198 earnings per share for the current year.
Magna International Increases Dividend
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.
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