Magna International (TSE:MG) Stock Rating Upgraded by Royal Bank of Canada

Magna International (TSE:MG) (NYSE:MGA) was upgraded by analysts at Royal Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other analysts have also issued reports on the stock. The Goldman Sachs Group lowered shares of Magna International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 11th. Wolfe Research upgraded Magna International from a “strong sell” rating to a “hold” rating in a report on Thursday, December 5th.

Magna International Stock Performance

Shares of MG opened at C$59.00 on Friday. Magna International has a one year low of C$51.79 and a one year high of C$79.98. The company has a 50-day moving average of C$60.96 and a two-hundred day moving average of C$58.58. The company has a debt-to-equity ratio of 62.12, a current ratio of 1.12 and a quick ratio of 0.83. The stock has a market cap of C$16.95 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 0.45 and a beta of 1.60.

Magna International (TSE:MG) (NYSE:MGA) last released its earnings results on Friday, November 1st. The company reported C$1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.03 by C($0.28). Magna International had a net margin of 2.29% and a return on equity of 9.03%. During the same period in the previous year, the business posted $1.96 earnings per share. On average, equities research analysts expect that Magna International will post 8.8948171 earnings per share for the current year.

About Magna International

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.