Magna International (TSE:MG) Rating Lowered to “Strong Sell” at The Goldman Sachs Group

Magna International (TSE:MG) (NYSE:MGA) was downgraded by equities researchers at The Goldman Sachs Group from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. Wolfe Research upgraded shares of Magna International from a “strong sell” rating to a “hold” rating in a report on Thursday, December 5th. Royal Bank of Canada cut shares of Magna International from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 13th.

Magna International Trading Up 0.2 %

Shares of MG opened at C$63.89 on Wednesday. The business’s 50-day moving average price is C$60.00 and its 200 day moving average price is C$58.59. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 62.12. The stock has a market capitalization of C$18.36 billion, a P/E ratio of 13.49, a P/E/G ratio of 0.45 and a beta of 1.60. Magna International has a 1-year low of C$51.79 and a 1-year high of C$79.98.

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.