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Magna International (MGA) Stock Price, News & Analysis

$48.11
+0.26 (+0.54%)
(As of 09:45 AM ET)
Today's Range
$47.55
$48.26
50-Day Range
$47.84
$55.86
52-Week Range
$46.71
$65.27
Volume
35,937 shs
Average Volume
1.29 million shs
Market Capitalization
$13.82 billion
P/E Ratio
11.40
Dividend Yield
3.95%
Price Target
$62.93

Magna International MarketRank™ Stock Analysis

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
31.5% Upside
$62.93 Price Target
Short Interest
Bearish
3.65% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.36mentions of Magna International in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
19.64%
From $6.11 to $7.31 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.85 out of 5 stars

Auto/Tires/Trucks Sector

2nd out of 78 stocks

Motor Vehicle Parts & Accessories Industry

3rd out of 31 stocks

MGA stock logo

About Magna International Stock (NYSE:MGA)

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. The Body Exteriors & Structures segment provides body and chassis system, battery enclosures, and engineering and testing; and exteriors, including fascia and trims, front end modules, integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, breakthrough lightings, side doors, and greenhouse products. The Power & Vision segment offers electric drive systems and components, such as emotors, inverters, onboard chargers, gearboxes, and e-clutch; dedicated hybrid drives, dual and hybrid dual clutch, and manual transmissions; AWD/4WD products and rear drive modules; transmission, driveline components, and ICE; far camera module, remote camera heads, interior sensing camera, radars, thermal sensing, and domain controllers; interior and exterior mirrors, camera monitoring system driver/occupant monitoring systems, and smart actuators; forward and rear lighting, and lit grilles/panels/displays; latching system, door modules, charge port doors, power system, hinges, and door handles; and modular and textile folding roofs, and hard and soft tops. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle engineering and manufacturing services. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.

MGA Stock Price History

MGA Stock News Headlines

Magna International (NYSE:MGA) Lowered to In-Line at Evercore
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Magna Announces Date for Q1 2024 Results Call
MGA Factor-Based Stock Analysis
Magna: Attractive Entry For Long Term Returns
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Magna International Inc.: Magna Posts 2023 Annual Report
Magna Posts 2023 Annual Report
Magna International Inc.
MGA Apr 2024 57.500 call
MGA Apr 2024 45.000 put
MGA Apr 2024 37.500 call
Magna Announces Senior Notes Offering
Wells Fargo Keeps Their Hold Rating on Magna International (MGA)
MGA Apr 2024 52.500 call
See More Headlines
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Company Calendar

Last Earnings
2/09/2024
Ex-Dividend for 3/8 Dividend
2/22/2024
Dividend Payable
3/08/2024
Today
4/19/2024
Next Earnings (Confirmed)
5/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
N/A
Employees
179,000
Year Founded
1957

Price Target and Rating

Average Stock Price Target
$62.93
High Stock Price Target
$85.00
Low Stock Price Target
$54.00
Potential Upside/Downside
+31.5%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
15 Analysts

Profitability

Net Income
$1.21 billion
Pretax Margin
3.75%

Debt

Sales & Book Value

Annual Sales
$42.80 billion
Cash Flow
$11.03 per share
Book Value
$42.84 per share

Miscellaneous

Free Float
285,844,000
Market Cap
$13.75 billion
Optionable
Optionable
Beta
1.69

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Key Executives

  • Mr. Seetarama Swamy Kotagiri M.Sc. (Age 55)
    CEO & Director
    Comp: $5.96M
  • Mr. Patrick W. D. McCann
    Executive VP & CFO
  • Mr. Eric Jon Wilds
    Executive VP and Chief Sales & Marketing Officer
  • Mr. Tom J. Rucker
    President of MPT, MML, Electronics & Complete Vehicles
  • Mr. John H. Farrell
    President of Body & Exterior Systems and Seating
  • Mr. Boris Shulkin
    Executive VP and Chief Digital & Information Officer
  • Mr. Louis Tonelli
    Vice President of Investor Relations
  • Mr. Bruce R. Cluney (Age 59)
    Executive VP & Chief Legal Officer
  • Joanne N. Horibe
    Chief Compliance Officer
  • Ms. Tracy Fuerst
    Vice President of Corporate Communications & PR

MGA Stock Analysis - Frequently Asked Questions

Should I buy or sell Magna International stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 11 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MGA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGA, but not buy additional shares or sell existing shares.
View MGA analyst ratings
or view top-rated stocks.

What is Magna International's stock price target for 2024?

15 equities research analysts have issued 12-month price targets for Magna International's stock. Their MGA share price targets range from $54.00 to $85.00. On average, they anticipate the company's share price to reach $62.93 in the next year. This suggests a possible upside of 31.5% from the stock's current price.
View analysts price targets for MGA
or view top-rated stocks among Wall Street analysts.

How have MGA shares performed in 2024?

Magna International's stock was trading at $59.08 at the start of the year. Since then, MGA stock has decreased by 19.0% and is now trading at $47.86.
View the best growth stocks for 2024 here
.

When is Magna International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our MGA earnings forecast
.

How were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) posted its earnings results on Friday, February, 9th. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.46 by $0.13. The business earned $10.45 billion during the quarter, compared to analysts' expectations of $10.44 billion. Magna International had a trailing twelve-month return on equity of 13.15% and a net margin of 2.83%. The firm's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 EPS.

How often does Magna International pay dividends? What is the dividend yield for Magna International?

Magna International announced a quarterly dividend on Friday, February 9th. Investors of record on Friday, February 23rd will be paid a dividend of $0.475 per share on Friday, March 8th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, February 22nd. This is a positive change from the stock's previous quarterly dividend of $0.46.
Read our dividend analysis for MGA
.

Is Magna International a good dividend stock?

Magna International (NYSE:MGA) pays an annual dividend of $1.90 per share and currently has a dividend yield of 3.97%. MGA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 45.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGA will have a dividend payout ratio of 25.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGA.

When did Magna International's stock split?

Magna International's stock split on Thursday, March 26th 2015. The 2-1 split was announced on Wednesday, February 25th 2015. The newly minted shares were payable to shareholders after the market closes on Wednesday, March 25th 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What guidance has Magna International issued on next quarter's earnings?

Magna International issued an update on its FY 2024 earnings guidance on Friday, February, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $43.8 billion-$45.4 billion, compared to the consensus revenue estimate of $45.0 billion.

What other stocks do shareholders of Magna International own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magna International investors own include Magna International (MG), Gilead Sciences (GILD), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), NVIDIA (NVDA), Broadcom (AVGO), QUALCOMM (QCOM), BlackRock (BLK) and Alibaba Group (BABA).

Who are Magna International's major shareholders?

Magna International's stock is owned by a number of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.33%), Park Place Capital Corp (0.00%), Dixon Mitchell Investment Counsel Inc. (0.00%) and Sunbelt Securities Inc. (0.00%).

How do I buy shares of Magna International?

Shares of MGA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Magna International have any subsidiaries?
The following companies are subsidiares of Magna International: 1305290 Ontario Inc., 175 Holdings ULC, Automobiltechnik Durbheim, BDW technologies, BluWav Systems, BÖCO, Cadence Innovation, Continental Plastics, Cosma International of America Inc., E-Car, Erhard & Söhne, Getrag, Grenville Castings, Honglizhixin, Intier Automotive of America Holdings Inc., Intier Automotive of America Inc., MAGNA Automotive Europe GmbH, MAGNA Automotive Holding (Germany) GmbH, MAGNA Automotive Holding GmbH, MAGNA INTERNATIONAL (HONG KONG) LIMITED, MAGNA International Automotive Holding GmbH, MAGNA Metalforming GmbH, MAGNA Powertrain GmbH, MAGNA Telemotive, Magna Exteriors Holdings Inc., Magna Exteriors Inc., Magna Exteriors of America Inc., Magna Internacional de Mexico S.A. de C.V., Magna International Investments S.A., Magna Mirrors of America Inc., Magna PT Holding GmbH, Magna Powertrain GmbH & Co KG, Magna Powertrain Inc., Magna Powertrain de Mexico S.A. de C.V., Magna Seating Inc., Magna Seating of America Inc., Magna Steyr AG & Co. KG, Magna Steyr Fahrzeugtechnik AG & Co. KG, Magna Treasury Services LP, Magna US Holding Inc., Meridian Automotive Systems, OLSA, Ogihara America, Optimus Ride, Pabsa, Plastech Engineered Products, Pressac Investments, Resil Minas, STT, Stadco Automotive, Techform, Technoplast, Textile Competence Centre, ThyssenKrupp Automotive Systems Industrial do Brasil, VIZA GECA, Wuhu Youth Tongyang Auto Plastic Parts, and ixetic Verwaltungs.
Read More
This page (NYSE:MGA) was last updated on 4/19/2024 by MarketBeat.com Staff

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