Magna International Inc. (NYSE:MGA) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• Wall Street’s consensus rating is “Hold”: Among 19 analysts, 11 recommend holding Magna International, six rate it a buy, one a strong buy, and one a sell. The average 12-month price target is $69.07, compared with a recent share price of $64.50.
• Magna reported quarterly earnings of $1.86 per share, beating estimates of $1.53, while revenue rose 3.3% year over year to $10.84 billion. Analysts project full-year earnings of approximately $7.06 per share.
• Institutional investors own 67.49% of the company, and Magna recently paid a quarterly dividend of $0.495 per share, equivalent to a 3.1% annualized yield.

Shares of Magna International Inc. (NYSE:MGA - Get Free Report) TSE: MG have been given an average rating of "Hold" by the nineteen research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $69.07.

MGA has been the topic of several research reports. Barclays boosted their target price on Magna International from $66.00 to $68.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. BMO Capital Markets reiterated a "market perform" rating and set a $70.00 price target (down from $76.00) on shares of Magna International in a research note on Friday, September 18th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $72.00 price objective (down from $77.00) on shares of Magna International in a report on Tuesday, September 15th. Royal Bank Of Canada boosted their price objective on Magna International from $66.00 to $69.00 and gave the company a "sector perform" rating in a research note on Monday, August 3rd. Finally, Wall Street Zen downgraded shares of Magna International from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 12th.

Institutional Investors Weigh In On Magna International

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in Magna International by 35.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company's stock worth $42,000 after buying an additional 205 shares in the last quarter. Oslo Pensjonsforsikring AS purchased a new position in shares of Magna International during the first quarter worth approximately $45,000. Parallel Advisors LLC raised its stake in shares of Magna International by 9.1% during the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company's stock worth $184,000 after acquiring an additional 275 shares in the last quarter. Camelot Portfolios LLC purchased a new position in shares of Magna International during the second quarter worth approximately $211,000. Finally, denkapparat Operations GmbH bought a new stake in shares of Magna International in the 2nd quarter worth approximately $221,000. Institutional investors own 67.49% of the company's stock.

Magna International Stock Performance

NYSE MGA opened at $64.50 on Friday. The company has a fifty day simple moving average of $67.07 and a 200 day simple moving average of $63.76. Magna International has a 12-month low of $43.11 and a 12-month high of $73.22. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.38. The company has a market cap of $17.08 billion, a P/E ratio of 23.37, a PEG ratio of 0.68 and a beta of 1.46.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last posted its earnings results on Friday, July 31st. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.33. Magna International had a return on equity of 15.04% and a net margin of 1.80%.The company had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.63 billion. During the same quarter last year, the company earned $1.44 earnings per share. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. Sell-side analysts predict that Magna International will post 7.06 earnings per share for the current fiscal year.

Magna International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.4950 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, August 14th. Magna International's dividend payout ratio (DPR) is 71.74%.

Magna International Company Profile

Magna International Inc is a Canadian global automotive supplier that designs, engineers and manufactures systems and components for automakers. Its product portfolio includes vehicle body and exterior systems, seating, powertrain and drivetrain components, electronics, lighting, mirrors, roof systems and advanced driver-assistance technologies.

The company also provides complete vehicle engineering and manufacturing services, supporting automakers from product development through assembly.

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