Magna International (TSE:MG) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Magna International Inc. (TSE:MG) (NYSE:MGA)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$67.12 and traded as high as C$73.85. Magna International shares last traded at C$73.80, with a volume of 847,510 shares.

Analyst Ratings Changes

Separately, BMO Capital Markets upgraded Magna International to a “strong-buy” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$61.00.

Magna International Stock Performance

The company has a quick ratio of 0.83, a current ratio of 1.14 and a debt-to-equity ratio of 61.81. The business has a 50 day moving average price of C$73.34 and a 200 day moving average price of C$67.19. The stock has a market cap of C$20.80 billion, a P/E ratio of 20.22, a PEG ratio of 0.45 and a beta of 1.80.

Magna International (TSE:MG) (NYSE:MGA) last posted its quarterly earnings data on Friday, October 31st. The company reported C$1.33 earnings per share (EPS) for the quarter. The company had revenue of C$14.57 billion during the quarter. Magna International had a return on equity of 9.11% and a net margin of 2.52%. As a group, sell-side analysts expect that Magna International Inc. will post 8.8948171 EPS for the current year.

Magna International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 28th were issued a $0.485 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.6%. Magna International’s dividend payout ratio is presently 52.88%.

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.