Key Points
- Insider sale: Magna International insider John Hugh Farrell sold 31,523 shares on Tuesday, May 26, at an average price of C$89.41, worth about C$2.82 million. His holdings fell by 38.66% after the transaction.
- Dividend news: The company declared a quarterly dividend of C$0.495 per share, payable on May 29, which works out to an annualized dividend of C$1.98 and a yield of 2.2%.
- Analyst sentiment: Recent analyst upgrades have left Magna with a consensus rating of Buy, with four Strong Buy ratings and two Hold ratings, and an average target price of C$61.00.
Magna International Inc. (TSE:MG - Get Free Report) (NYSE:MGA) insider John Hugh Farrell sold 31,523 shares of Magna International stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of C$89.41, for a total value of C$2,818,471.43. Following the completion of the transaction, the insider owned 50,020 shares of the company's stock, valued at C$4,472,288.20. The trade was a 38.66% decrease in their position.
Magna International Stock Performance
Shares of MG opened at C$91.77 on Thursday. The stock has a 50-day simple moving average of C$81.44 and a 200-day simple moving average of C$77.55. The company has a debt-to-equity ratio of 56.24, a quick ratio of 0.83 and a current ratio of 1.22. The stock has a market capitalization of C$25.37 billion, a PE ratio of 38.72, a PEG ratio of 0.45 and a beta of 2.05. Magna International Inc. has a 1 year low of C$48.50 and a 1 year high of C$95.18.
Magna International (TSE:MG - Get Free Report) (NYSE:MGA) last announced its quarterly earnings data on Friday, May 1st. The company reported C$1.92 earnings per share (EPS) for the quarter. The business had revenue of C$14.43 billion during the quarter. Magna International had a return on equity of 5.43% and a net margin of 1.59%. On average, analysts predict that Magna International Inc. will post 8.8948171 earnings per share for the current fiscal year.
Magna International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be issued a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, May 15th. Magna International's dividend payout ratio (DPR) is presently 82.28%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Scotiabank upgraded shares of Magna International from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 23rd. Veritas upgraded shares of Magna International to a "strong-buy" rating in a report on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce upgraded shares of Magna International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 18th. Four investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of C$61.00.
Get Our Latest Stock Analysis on MG
About Magna International
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
