Magna International (TSE:MG) Raised to “Moderate Buy” at 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 report released on Friday,Zacks.com reports.

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

Magna International Stock Up 2.2 %

Shares of Magna International stock opened at C$59.00 on Friday. The company has a debt-to-equity ratio of 62.12, a current ratio of 1.12 and a quick ratio of 0.83. Magna International has a 1-year low of C$51.79 and a 1-year high of C$79.98. The business’s fifty day moving average price is C$60.90 and its two-hundred day moving average price is C$58.58. The company has a market capitalization of C$16.95 billion, a P/E 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 EPS for the quarter, missing the consensus estimate 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 quarter last year, the firm posted $1.96 EPS. As a group, research analysts forecast that Magna International will post 8.8948171 EPS 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.