Magna International (MGA) Earning Somewhat Favorable Media Coverage, Study Finds

Press coverage about Magna International (NYSE:MGA) (TSE:MG) has been trending somewhat positive on Friday, AlphaOne Sentiment Analysis reports. The research group, a service of Accern, rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Magna International earned a coverage optimism score of 0.18 on AlphaOne’s scale. AlphaOne also gave media stories about the company an impact score of 42 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news articles that may have impacted AlphaOne Sentiment’s analysis:

Insider Buying and Selling by Quarter for Magna International (NYSE:MGA)

Magna International (MGA) traded down 3.87% on Friday, hitting $43.46. 2,682,152 shares of the stock traded hands. The stock has a market cap of $16.53 billion, a price-to-earnings ratio of 7.95 and a beta of 1.39. Magna International has a 12-month low of $32.76 and a 12-month high of $47.21. The firm’s 50-day moving average price is $44.47 and its 200-day moving average price is $43.56.

Magna International (NYSE:MGA) (TSE:MG) last posted its earnings results on Thursday, May 11th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.19. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.13 billion. Magna International had a net margin of 5.76% and a return on equity of 20.58%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 EPS. On average, equities research analysts anticipate that Magna International will post $5.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 26th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Wednesday, May 24th. Magna International’s dividend payout ratio (DPR) is presently 20.11%.

Several research analysts have weighed in on MGA shares. Zacks Investment Research lowered shares of Magna International from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Macquarie raised shares of Magna International from a “neutral” rating to an “outperform” rating in a research note on Monday, February 27th. TD Securities raised shares of Magna International from a “hold” rating to a “buy” rating and increased their target price for the stock from $50.00 to $55.00 in a research note on Friday, May 12th. ValuEngine lowered shares of Magna International from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Royal Bank of Canada increased their target price on shares of Magna International from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Magna International presently has a consensus rating of “Buy” and a consensus target price of $50.05.

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About Magna International

Magna International Inc (Magna) is a global automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.

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