Magna International (MGA) Given Daily News Sentiment Score of 0.12
News coverage about Magna International (NYSE:MGA) (TSE:MG) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Magna International earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.0445819352708 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Magna International Inc. (MGA) P/E ratio is noted at 9.77 – Street Observer (press release) (streetobserver.com)
- Overbought stock to Target: Magna International Inc. (MGA) – Voice Of Analysts (analystsbuzz.com)
- Magna International, Inc. (MGA) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Magna International, Inc. (MGA) Expected to Post Quarterly Sales of $9.04 Billion (americanbankingnews.com)
- 6 Stocks Boosting Earnings and Revenue – GuruFocus.com (gurufocus.com)
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Magna International from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Edward Jones lowered shares of Magna International from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. TD Securities increased their price target on shares of Magna International from $55.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, August 14th. BidaskClub lowered shares of Magna International from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Finally, KeyCorp reissued a “buy” rating on shares of Magna International in a report on Sunday, September 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine 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 a consensus target price of $53.20.
Magna International (NYSE:MGA) opened at 53.96 on Friday. The company’s 50 day moving average is $50.34 and its 200 day moving average is $46.06. The company has a market cap of $19.96 billion, a price-to-earnings ratio of 9.75 and a beta of 1.46. Magna International has a 12-month low of $36.77 and a 12-month high of $54.73.
Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings results on Friday, August 11th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.50 billion. Magna International had a net margin of 5.73% and a return on equity of 20.01%. Magna International’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 earnings per share. Analysts forecast that Magna International will post $5.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Wednesday, August 30th. Magna International’s dividend payout ratio (DPR) is 19.86%.
About Magna International
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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