Media coverage about Magna International (NYSE:MGA) (TSE:MG) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Magna International earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.7467973308281 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
Shares of NYSE:MGA traded up $0.27 during trading on Monday, reaching $58.85. The stock had a trading volume of 1,273,438 shares, compared to its average volume of 1,395,119. Magna International has a one year low of $39.50 and a one year high of $59.99. The stock has a market capitalization of $20,732.30, a P/E ratio of 9.87, a P/E/G ratio of 1.03 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.22.
Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings results on Thursday, February 22nd. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.01). Magna International had a net margin of 5.66% and a return on equity of 19.61%. The firm had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $10.11 billion. During the same quarter in the prior year, the business posted $1.31 earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. research analysts forecast that Magna International will post 6.68 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This is a boost from Magna International’s previous quarterly dividend of $0.28. This represents a $1.32 dividend on an annualized basis and a yield of 2.24%. Magna International’s dividend payout ratio (DPR) is 22.15%.
MGA has been the topic of a number of research reports. KeyCorp reissued a “buy” rating on shares of Magna International in a research report on Wednesday, January 17th. Deutsche Bank raised their target price on shares of Magna International from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Citigroup raised their target price on shares of Magna International from $61.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, March 9th. Bank of America set a $67.00 target price on shares of Magna International and gave the company a “buy” rating in a research report on Friday, March 16th. Finally, Susquehanna Bancshares set a $57.00 target price on shares of Magna International and gave the company a “hold” rating in a research report on Wednesday, March 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Magna International currently has an average rating of “Buy” and an average target price of $63.29.
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Magna International Company Profile
Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company offers body systems, including exterior sheetmetal and closure systems, body structure systems, and energy management solutions; chassis systems, such as frames and chassis subframes, suspension links and arms, and chassis modules; and engineering services comprising support, program management, virtual tool, prototype build and validation, testing, and research and development services.
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