Magna International (TSE:MG – Get Free Report) (NYSE:MGA) was upgraded by equities researchers at Royal Bank of Canada from a “hold” rating to a “moderate buy” rating in a report released on Friday,Zacks.com reports.
A number of other brokerages have also recently issued reports on MG. The Goldman Sachs Group cut shares of Magna International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 11th. Wolfe Research upgraded Magna International from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 5th.
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Magna International Trading Up 2.2 %
Magna International (TSE:MG – Get Free Report) (NYSE:MGA) last released its quarterly earnings data on Friday, November 1st. The company reported C$1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.03 by C($0.28). Magna International had a net margin of 2.29% and a return on equity of 9.03%. During the same period in the prior year, the firm earned $1.96 EPS. As a group, research analysts predict that Magna International will post 8.8948171 earnings per share for the current year.
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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