Magna International (TSE:MG) Hits New 12-Month Low – What’s Next?

Magna International Inc. (TSE:MG) (NYSE:MGA) shares reached a new 52-week low on Monday . The stock traded as low as C$43.78 and last traded at C$44.60, with a volume of 56523 shares trading hands. The stock had previously closed at C$46.22.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MG shares. Royal Bank of Canada raised shares of Magna International from a “hold” rating to a “moderate buy” rating in a report on Friday, January 24th. The Goldman Sachs Group lowered shares of Magna International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 11th.

Magna International Price Performance

The company has a 50-day moving average of C$53.50 and a 200 day moving average of C$57.25. The firm has a market cap of C$9.09 billion, a P/E ratio of 8.44, a P/E/G ratio of 0.45 and a beta of 1.60. The company has a debt-to-equity ratio of 61.81, a quick ratio of 0.83 and a current ratio of 1.14.

Magna International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 4.32%. The ex-dividend date was Friday, February 28th. This is an increase from Magna International’s previous quarterly dividend of $0.48. Magna International’s payout ratio is currently 48.07%.

Magna International Company Profile

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier’s product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contracted vehicle assembly.