Magna International (MGA) Getting Somewhat Positive News Coverage, Analysis Shows
Media coverage about Magna International (NYSE:MGA) (TSE:MG) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Magna International earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.7331573284773 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- KeyCorp Weighs in on Magna International, Inc.’s Q3 2017 Earnings (NYSE:MGA) (americanbankingnews.com)
- Magna International, Inc. to Post FY2017 Earnings of $5.95 Per Share, Cormark Forecasts (MGA) (americanbankingnews.com)
- Magna International (MGA) Beats on Q2 Earnings & Revenues (finance.yahoo.com)
- Magna International, Inc. breached its 50 day moving average in a Bearish Manner : MGA-US : August 14, 2017 (finance.yahoo.com)
- Magna International, Inc. (NYSE:MGA) Stock Rating Reaffirmed by Deutsche Bank AG (americanbankingnews.com)
A number of research analysts have recently issued reports on MGA shares. Zacks Investment Research downgraded shares of Magna International from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. BidaskClub downgraded shares of Magna International from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Edward Jones downgraded shares of Magna International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. TD Securities upgraded shares of Magna International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $50.00 to $55.00 in a research report on Friday, May 12th. Finally, ValuEngine downgraded shares of Magna International from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Magna International currently has a consensus rating of “Buy” and an average target price of $52.56.
Magna International (MGA) traded up 0.22% on Tuesday, hitting $46.33. 1,454,137 shares of the company were exchanged. Magna International has a 52 week low of $36.77 and a 52 week high of $48.90. The stock has a 50 day moving average of $47.18 and a 200 day moving average of $44.38. The company has a market capitalization of $17.62 billion, a price-to-earnings ratio of 8.47 and a beta of 1.44.
Magna International (NYSE:MGA) (TSE:MG) last issued its earnings results on Friday, August 11th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.01. Magna International had a net margin of 5.76% and a return on equity of 20.58%. The firm had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.50 billion. During the same quarter last year, the business earned $1.41 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. Analysts predict that Magna International will post $5.83 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Wednesday, August 30th. Magna International’s payout ratio is 19.86%.
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Magna International Company Profile
Magna International Inc (Magna) is a global automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.
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