Brokerages Set Magna International Inc. (TSE:MG) Target Price at C$61.00

Magna International Inc. (TSE:MG) (NYSE:MGA) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$61.00.

Separately, Canadian Imperial Bank of Commerce raised Magna International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th.

Magna International Trading Down 3.0%

Shares of MG stock opened at C$74.37 on Monday. Magna International has a 12-month low of C$43.25 and a 12-month high of C$95.18. The company has a current ratio of 1.25, a quick ratio of 0.83 and a debt-to-equity ratio of 66.74. The stock’s 50-day moving average price is C$79.30 and its 200-day moving average price is C$71.72. The stock has a market capitalization of C$20.73 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 0.45 and a beta of 2.05.

Magna International (TSE:MG) (NYSE:MGA) last announced its quarterly earnings results on Friday, February 13th. The company reported C$2.99 EPS for the quarter. The company had revenue of C$14.27 billion during the quarter. Magna International had a return on equity of 6.73% and a net margin of 1.97%. Equities research analysts predict that Magna International will post 8.8948171 EPS for the current fiscal year.

Magna International Company Profile

Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets-North America, Europe, and China. With a global team and footprint spanning 28 countries, we bring unmatched scale, trusted reliability, and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative vehicle systems to deliver performance, safety and quality.