BNP Paribas Upgrades Magna International (TSE:MG) to Strong-Buy

Magna International (TSE:MG - Get Free Report) NYSE: MGA was upgraded by equities research analysts at BNP Paribas from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Monday, Zacks.com reports.Get Magna International alerts:Magna International Stock PerformanceWynn Resorts has an ace up its sleeve MG opened at C$57.34 on Monday. Magna International has a 1-year low of C$55.93 and a 1-year high of C$87.00. The stock has a market cap of C$16.47 billion, a P/E ratio of 11.95, a P/E/G ratio of 0.58 and a beta of 1.70. The stock's 50 day simple moving average is C$62.16 and its 200 day simple moving average is C$69.87. The company has a debt-to-equity ratio of 66.45, a current ratio of 1.09 and a quick ratio of 0.83. Magna International (TSE:MG - Get Free Report) NYSE: MGA last posted its earnings results on Friday, May 3rd. The company reported C$1.46 earnings per share for the quarter, missing the consensus estimate of C$1.67 by C($0.21). Magna International had a net margin of 2.35% and a return on equity of 9.35%. The firm had revenue of C$14.79 billion during the quarter, compared to analyst estimates of C$14.96 billion. As a group, equities analysts anticipate that Magna International will post 7.7401198 EPS for the current fiscal year. Magna International Company Profile (Get Free Report)Las Vegas Sands Stock May No Longer Be a Gamble 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.Further ReadingFive stocks we like better than Magna InternationalThe 3 Best Blue-Chip Stocks to Buy NowSnowflake Stock Rebounds, Flies Higher on AI Spending5 discounted opportunities for dividend growth investorsComplete Solaria, Senti, and POET: 3 High Volume Penny StocksWhat is a SEC Filing?Pfizer Stock is Ready to Stage a Turnaround on GLP-1 Hopes This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.indie Semiconductor is Driving ADAS Gains Globally → Breaking News: Elon Musk Invents New Type of A.I. (Shocking) (From InvestorPlace) (Ad)Should you invest $1,000 in Magna International right now?Before you consider Magna International, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Magna International wasn't on the list.While Magna International currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here