Magna International (TSE:MG) Upgraded to Hold at Wolfe Research

Magna International (TSE:MG) (NYSE:MGA) was upgraded by Wolfe Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Royal Bank of Canada cut shares of Magna International from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 13th.

Magna International Stock Performance

Shares of TSE:MG opened at C$64.10 on Thursday. The firm has a 50 day moving average of C$59.35 and a 200 day moving average of C$58.60. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 62.12. The company has a market capitalization of C$18.42 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. Magna International has a 52 week low of C$51.79 and a 52 week high of C$79.98.

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.