Analysts Set Magna International Inc. (NYSE:MGA) Price Target at $43.50

Key Points

• Magna International Inc. received a consensus rating of "Hold" from 17 analysts, with one sell rating, 13 hold ratings, and three buy ratings.
• The average twelve-month price target for Magna International stock is $43.50, reflecting varying perspectives from different analysts.
• The company announced a quarterly dividend of $0.485 per share, resulting in an annualized yield of 4.1%.

Magna International Inc. (NYSE:MGA - Get Free Report) TSE: MG has been given an average recommendation of "Hold" by the seventeen research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $43.50.

Several research analysts recently issued reports on the company. Wells Fargo & Company raised their target price on Magna International from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. increased their price target on Magna International from $47.00 to $48.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Evercore ISI increased their price target on Magna International from $37.00 to $40.00 and gave the stock an "in-line" rating in a report on Monday, August 4th. Cfra Research upgraded Magna International to a "hold" rating in a report on Monday, August 4th. Finally, Barclays increased their price target on Magna International from $40.00 to $45.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th.

Magna International Price Performance

Shares of MGA traded down $0.45 during trading hours on Monday, reaching $46.49. The stock had a trading volume of 1,271,895 shares, compared to its average volume of 1,498,751. Magna International has a 12 month low of $30.39 and a 12 month high of $47.79. The stock has a market capitalization of $13.10 billion, a PE ratio of 10.91, a PEG ratio of 1.04 and a beta of 1.53. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 1.16. The company's 50-day moving average is $44.23 and its two-hundred day moving average is $38.94.

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

Magna International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.485 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.94 annualized dividend and a dividend yield of 4.2%. Magna International's dividend payout ratio (DPR) is currently 45.54%.

Institutional Trading of Magna International

Large investors have recently made changes to their positions in the company. LRI Investments LLC acquired a new stake in shares of Magna International in the 2nd quarter valued at about $27,000. Versant Capital Management Inc acquired a new stake in shares of Magna International in the 1st quarter valued at about $27,000. Cromwell Holdings LLC boosted its stake 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. Farther Finance Advisors LLC boosted its stake in Magna International by 385.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,431 shares of the company's stock valued at $55,000 after purchasing an additional 1,136 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake 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. 67.49% of the stock is currently owned by institutional investors and hedge funds.

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.