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 sent to investors on Monday morning, Zacks.com reports.
Magna International Stock Performance
Shares of TSE:MG opened at C$57.34 on Monday. The company has a market cap of C$16.47 billion, a P/E ratio of 11.95, a PEG ratio of 0.58 and a beta of 1.70. The company has a debt-to-equity ratio of 66.45, a quick ratio of 0.83 and a current ratio of 1.09. Magna International has a one year low of C$55.93 and a one year high of C$87.00. The business’s 50-day simple moving average is C$62.16 and its 200 day simple moving average is C$69.87.
Magna International (TSE:MG – Get Free Report) (NYSE:MGA) last announced 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). Magna International had a net margin of 2.35% and a return on equity of 9.35%. The company had revenue of C$14.79 billion for the quarter, compared to analysts’ expectations of C$14.96 billion. On average, sell-side analysts forecast that Magna International will post 7.7401198 earnings per share for the current fiscal 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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