Magna International (TSE:MG) Reaches New 12-Month Low – Time to Sell?

Magna International Inc. (TSE:MG) (NYSE:MGA)’s stock price reached a new 52-week low on Monday . The stock traded as low as C$51.34 and last traded at C$52.17, with a volume of 629791 shares trading hands. The stock had previously closed at C$57.62.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Royal Bank of Canada upgraded Magna International from a “hold” rating to a “moderate buy” rating in a research report on Friday, January 24th. The Goldman Sachs Group cut shares of Magna International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 11th. Finally, Wolfe Research raised shares of Magna International from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 5th.

Magna International Price Performance

The stock’s 50 day simple moving average is C$60.72 and its 200-day simple moving average is C$58.63. 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 market capitalization of C$15.35 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60.

Magna International (TSE:MG) (NYSE:MGA) last announced 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 last year, the firm earned $1.96 earnings per share. As a group, equities analysts forecast that Magna International Inc. will post 8.8948171 earnings per share for the current fiscal year.

Magna International Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend was Friday, November 15th. Magna International’s dividend payout ratio (DPR) is 54.01%.

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.