Magna International Inc. (NYSE:MGA) Given Average Recommendation of “Hold” by Analysts

Shares of Magna International Inc. (NYSE:MGA) (TSE:MG) have been assigned an average rating of “Hold” from the nineteen analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $61.7333.

MGA has been the topic of several analyst reports. Canadian Imperial Bank of Commerce upgraded shares of Magna International from a “neutral” rating to an “outperformer” rating and lifted their price target for the stock from $56.00 to $76.00 in a research note on Wednesday, February 18th. Royal Bank Of Canada upped their price objective on Magna International from $48.00 to $59.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. TD Securities raised their target price on Magna International from $58.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Morgan Stanley lifted their target price on Magna International from $54.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 18th. Finally, Zacks Research raised Magna International from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Plato Investment Management Ltd bought a new stake in Magna International during the 3rd quarter worth approximately $1,880,000. AGF Management Ltd. bought a new position in shares of Magna International in the third quarter worth approximately $14,191,000. ARGA Investment Management LP increased its stake in shares of Magna International by 33.2% in the third quarter. ARGA Investment Management LP now owns 4,148,133 shares of the company’s stock worth $196,557,000 after purchasing an additional 1,033,747 shares in the last quarter. Meritage Portfolio Management purchased a new stake in shares of Magna International in the third quarter worth $3,551,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Magna International in the second quarter worth $249,000. 67.49% of the stock is currently owned by institutional investors.

Magna International Price Performance

NYSE MGA opened at $55.04 on Monday. The company has a 50-day moving average price of $57.93 and a 200-day moving average price of $51.73. Magna International has a 52 week low of $30.39 and a 52 week high of $69.94. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $15.35 billion, a P/E ratio of 18.66 and a beta of 1.42.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings data on Friday, February 13th. The company reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.37. Magna International had a net margin of 1.99% and a return on equity of 12.73%. The company had revenue of $10.74 billion for the quarter, compared to the consensus estimate of $10.54 billion. During the same quarter last year, the firm posted $1.69 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Equities research analysts anticipate that Magna International will post 5.87 earnings per share for the current year.

Magna International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from Magna International’s previous quarterly dividend of $0.49. Magna International’s payout ratio is presently 67.12%.

Magna International Company Profile

Magna International Inc is a leading global automotive supplier specializing in the design, engineering, and manufacturing of vehicle systems, assemblies, modules, and components. Headquartered in Aurora, Ontario, the company partners with major original equipment manufacturers (OEMs) to develop technologies and solutions that enhance vehicle performance, safety, comfort, and fuel efficiency. Magna’s broad portfolio encompasses body exteriors and structures, powertrain systems, seating and interiors, roof systems, mirror systems, and advanced driver assistance systems (ADAS).

The company operates more than 350 manufacturing and assembly facilities and over 100 innovation centers across 27 countries, serving customers in North America, Europe, Asia, South America, and Africa.