Media coverage about Magna International (NYSE:MGA) (TSE:MG) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Magna International earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the company an impact score of 48.4439001467528 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Magna International, Inc. (MGA) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Should Investors in Magna International Inc. Be Nervous About Auto Sales and Production? (fool.ca)
- Citigroup Inc. Increases Magna International, Inc. (MGA) Price Target to $55.00 (americanbankingnews.com)
- Magna International : Announces Filing of Shelf Prospectus and Registration Statement (4-traders.com)
- Q3 2017 EPS Estimates for Magna International, Inc. (MGA) Increased by Analyst (americanbankingnews.com)
MGA has been the topic of several recent analyst reports. Zacks Investment Research lowered Magna International from a “hold” rating to a “sell” rating in a report on Friday, April 28th. BidaskClub lowered Magna International from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Edward Jones lowered Magna International from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. TD Securities upgraded Magna International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $55.00 in a report on Friday, May 12th. Finally, ValuEngine lowered Magna International from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $53.50.
Shares of Magna International (NYSE:MGA) traded down 1.12% during mid-day trading on Friday, hitting $46.10. The stock had a trading volume of 1,753,701 shares. Magna International has a 1-year low of $36.77 and a 1-year high of $48.90. The company has a market cap of $17.05 billion, a P/E ratio of 8.33 and a beta of 1.44. The firm’s 50 day moving average price is $47.29 and its 200 day moving average price is $44.44.
Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings data on Friday, August 11th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.50 billion. Magna International had a net margin of 5.73% and a return on equity of 20.01%. The business’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 EPS. Analysts predict that Magna International will post $5.87 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.39%. Magna International’s dividend payout ratio (DPR) is presently 19.86%.
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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