Magna International (MGA) Given Daily Media Sentiment Rating of 0.17

Media stories about Magna International (NYSE:MGA) (TSE:MG) have been trending somewhat positive on Sunday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty 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 media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.392079492764 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

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

Several equities analysts have weighed in on the company. BMO Capital Markets restated a “hold” rating on shares of Magna International in a report on Monday, November 6th. Zacks Investment Research cut Magna International from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. ValuEngine upgraded Magna International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 18th. Bank of America Corporation upgraded Magna International from an “underperform” rating to a “buy” rating and set a $63.00 price target for the company in a report on Wednesday, October 18th. Finally, TD Securities restated a “buy” rating and set a $56.00 price target on shares of Magna International in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Magna International currently has an average rating of “Buy” and an average price target of $56.00.

Shares of Magna International (NYSE MGA) traded up $0.18 during mid-day trading on Friday, hitting $53.54. The company had a trading volume of 996,985 shares, compared to its average volume of 1,023,652. Magna International has a 52-week low of $39.50 and a 52-week high of $55.76. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.26 and a quick ratio of 0.89. The company has a market cap of $19,347.63, a price-to-earnings ratio of 9.54, a P/E/G ratio of 0.95 and a beta of 1.49.

Magna International (NYSE:MGA) (TSE:MG) last issued its quarterly earnings results on Thursday, November 9th. The company reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.05. Magna International had a return on equity of 19.46% and a net margin of 5.63%. The firm had revenue of $9.50 billion during the quarter, compared to analyst estimates of $9.26 billion. During the same period last year, the company earned $1.29 EPS. Magna International’s quarterly revenue was up 7.3% compared to the same quarter last year. equities research analysts anticipate that Magna International will post 5.96 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Wednesday, November 22nd. Magna International’s dividend payout ratio is currently 19.61%.

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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.

Insider Buying and Selling by Quarter for Magna International (NYSE:MGA)

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