Magna International (TSE:MG) Upgraded by Wolfe Research to “Hold” Rating

Magna International (TSE:MG) (NYSE:MGA) was upgraded by equities 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 cut shares of Magna International from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 13th.

Magna International Stock Down 0.2 %

Shares of Magna International stock opened at C$64.25 on Thursday. 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 company has a 50-day moving average of C$59.35 and a 200 day moving average of C$58.60. The firm has a market cap of C$18.46 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 0.45 and a beta of 1.60. Magna International has a 1 year low of C$51.79 and a 1 year high of C$79.98.

Magna International Company Profile

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.