Magna International (TSE:MG) Raised to Hold at Wolfe Research

Magna International (TSE:MG) (NYSE:MGA) was upgraded by research analysts at Wolfe Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Royal Bank of Canada lowered shares of Magna International from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 13th.

Magna International Price Performance

Shares of TSE MG opened at C$64.10 on Thursday. The company has a debt-to-equity ratio of 62.12, a quick ratio of 0.83 and a current ratio of 1.12. Magna International has a fifty-two week low of C$51.79 and a fifty-two week high of C$79.98. The stock has a market cap of C$18.42 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. The stock has a fifty day moving average of C$59.35 and a 200-day moving average of C$58.60.

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.