Magna International (TSE:MG) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Magna International Inc. (TSE:MG) (NYSE:MGA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$58.56 and traded as high as C$58.61. Magna International shares last traded at C$58.35, with a volume of 191,002 shares changing hands.

Analysts Set New Price Targets

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

Magna International Stock Down 1.6 %

The firm has a fifty day moving average price of C$61.12 and a 200 day moving average price of C$58.58. The firm has a market capitalization of C$16.54 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.45 and a beta of 1.60. 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 (TSE:MG) (NYSE:MGA) last issued its quarterly earnings data on Friday, November 1st. The company reported C$1.75 earnings per share (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 period in the previous year, the company earned $1.96 earnings per share. As a group, sell-side analysts expect that Magna International Inc. will post 8.8948171 EPS for the current fiscal year.

Magna International Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid a dividend of $0.475 per share. The ex-dividend date was Friday, November 15th. This represents a $1.90 annualized dividend and a yield of 3.30%. Magna International’s dividend payout ratio is currently 54.01%.

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.