Magna International Inc. (NYSE:MGA) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have assigned Magna International Inc. (NYSE:MGA) a consensus rating of "Hold", with one sell recommendation, fifteen hold recommendations, and three buy recommendations.
• JPMorgan Chase & Co. raised their price target on Magna from $47.00 to $48.00, while Wall Street Zen increased its rating from "buy" to "strong-buy."
• The company reported a quarterly earnings per share (EPS) of $1.44, exceeding analysts' expectations of $1.19, with total revenue of $10.82 billion during the same period.

Shares of Magna International Inc. (NYSE:MGA - Get Free Report) TSE: MG have earned an average rating of "Hold" from the nineteen brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $45.2857.

MGA has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price target on Magna International from $47.00 to $48.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Wall Street Zen raised Magna International from a "buy" rating to a "strong-buy" rating in a research report on Sunday, October 12th. Scotiabank increased their price objective on Magna International from $38.00 to $44.00 and gave the company a "sector perform" rating in a report on Monday, July 14th. Weiss Ratings reissued a "hold (c)" rating on shares of Magna International in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $45.00 price objective on shares of Magna International in a report on Friday, September 12th.

Institutional Investors Weigh In On Magna International

Several large investors have recently made changes to their positions in MGA. Janney Montgomery Scott LLC boosted its holdings in shares of Magna International by 19.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 251,832 shares of the company's stock valued at $8,560,000 after buying an additional 41,811 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Magna International by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 252,500 shares of the company's stock valued at $8,582,000 after buying an additional 13,220 shares during the last quarter. ARGA Investment Management LP boosted its holdings in shares of Magna International by 17.0% in the 1st quarter. ARGA Investment Management LP now owns 2,997,857 shares of the company's stock valued at $101,890,000 after buying an additional 436,366 shares during the last quarter. Cromwell Holdings LLC lifted its holdings in Magna International by 131.6% during the 1st quarter. Cromwell Holdings LLC now owns 820 shares of the company's stock valued at $28,000 after purchasing an additional 466 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Magna International by 507.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,500 shares of the company's stock valued at $51,000 after purchasing an additional 1,253 shares during the last quarter. Institutional investors and hedge funds own 67.49% of the company's stock.

Magna International Trading Down 0.2%

NYSE:MGA opened at $44.74 on Friday. Magna International has a twelve month low of $30.39 and a twelve month high of $49.79. The company has a quick ratio of 0.82, a current ratio of 1.16 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $45.79 and a two-hundred day moving average price of $40.14. The company has a market cap of $12.61 billion, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 1.00 and a beta of 1.53.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last released its quarterly earnings results on Friday, August 1st. The company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.25. Magna International had a return on equity of 11.89% and a net margin of 2.91%.The firm had revenue of $10.82 billion during the quarter, compared to the consensus estimate of $10.10 billion. During the same quarter in the prior year, the firm posted $1.35 EPS. The business's revenue was down 3.0% on a year-over-year basis. Magna International has set its FY 2025 guidance at EPS. As a group, analysts expect that Magna International will post 5.87 EPS for the current fiscal year.

Magna International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, August 15th. Magna International's dividend payout ratio is presently 45.54%.

Magna International Company Profile

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.

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