Growth & Income Stock: Magna International Inc.
Estimates have been rising for Magna International Inc. (NYSE:MGA) after the company delivered both a revenue and earnings beat on May 10. It is a Zacks #1 Rank (Strong Buy) stock. The company also pays a dividend that yields a solid 2.6%. And valuation is attractive too, with shares sporting a PEG ratio of only [...]
Estimates have been rising for Magna International Inc. (NYSE:MGA) after the company delivered both a revenue and earnings beat on May 10. It is a Zacks #1 Rank (Strong Buy) stock.
The company also pays a dividend that yields a solid 2.6%. And valuation is attractive too, with shares sporting a PEG ratio of only 0.8.
Company Description
Magna International Inc. is one of the largest diversified auto parts suppliers in the world. Geographically, its sales were divided as follows in the first … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards