Magna International (MGA) to Release Earnings on Friday

Magna International (NYSE:MGA) (TSE:MG) is projected 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. Parties interested in registering for the company’s conference call can do so using this link.

Magna International Trading Up 0.7 %

Shares of NYSE:MGA opened at $39.21 on Wednesday. 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’s 50-day moving average price is $41.55 and its 200 day moving average price is $41.75. The company has a market cap of $11.09 billion, a PE ratio of 10.48, a P/E/G ratio of 0.60 and a beta of 1.61. Magna International has a fifty-two week low of $35.05 and a fifty-two week high of $56.12.

Analyst Ratings Changes

MGA has been the subject of several analyst reports. StockNews.com upgraded Magna International from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. CIBC boosted their price target on Magna International from $46.00 to $51.00 in a research report on Monday, January 13th. UBS Group increased their price target on Magna International from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Scotiabank cut their price objective on shares of Magna International from $52.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Finally, Wolfe Research upgraded shares of Magna International from an “underperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.