Magna International (MGA) Projected to Post Quarterly Earnings on Friday

Magna International (NYSE:MGA) (TSE:MG) is anticipated to issue its quarterly earnings data before the market opens on Friday, February 14th. Analysts expect the company to announce earnings of $1.46 per share and revenue of $10.32 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Magna International Trading Down 0.3 %

MGA opened at $39.06 on Thursday. The stock has a market cap of $11.05 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 0.60 and a beta of 1.61. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average of $41.42 and a 200-day moving average of $41.74. Magna International has a twelve month low of $35.05 and a twelve month high of $56.12.

Analyst Ratings Changes

A number of research firms have issued reports on MGA. Royal Bank of Canada upgraded Magna International from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $41.00 to $52.00 in a report on Friday, January 24th. CIBC upped their target price on Magna International from $46.00 to $51.00 in a report on Monday, January 13th. StockNews.com upgraded shares of Magna International from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Wolfe Research raised Magna International from an “underperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Finally, UBS Group raised their price objective on shares of Magna International from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.24.

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.