Magna International (MGA) Receives Media Impact Rating of 0.17

Media headlines about Magna International (NYSE:MGA) (TSE:MG) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news 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 coverage about the company an impact score of 47.9627447206446 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Magna International (NYSE MGA) traded up $0.02 during midday trading on Tuesday, reaching $53.04. 631,500 shares of the company traded hands, compared to its average volume of 1,394,635. The stock has a market capitalization of $19,611.99, a PE ratio of 9.45, a P/E/G ratio of 0.94 and a beta of 1.49. Magna International has a 52-week low of $38.27 and a 52-week high of $55.76. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 0.28.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings results on Thursday, November 9th. The company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.05. The firm had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $9.26 billion. Magna International had a net margin of 5.63% and a return on equity of 19.46%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 earnings per share. equities research analysts predict that Magna International will post 5.95 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $1.10 annualized dividend and a yield of 2.07%. Magna International’s dividend payout ratio is currently 19.61%.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Magna International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. ValuEngine upgraded shares of Magna International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 18th. Edward Jones downgraded shares of Magna International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Morgan Stanley downgraded shares of Magna International from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $56.00 to $47.00 in a research note on Monday, August 28th. Finally, KeyCorp increased their target price on shares of Magna International from $55.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Magna International has a consensus rating of “Buy” and a consensus price target of $56.00.

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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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