Magna International Inc. (NYSE:MGA) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Consensus "Hold": Nineteen brokerages rate Magna with a consensus Hold (1 sell, 10 hold, 7 buy, 1 strong buy) and an average 12‑month price target of $63.25.
• Earnings beat and guidance: Magna reported Q1 EPS of $1.38 versus $1.01 expected while revenue was $10.13B (near estimates), and provided FY2026 guidance of $6.25–$7.25 EPS (analysts forecast 6.81).
• Dividend: The company declared a quarterly dividend of $0.495 (annualized $1.98), implying about a 3.3% yield and a payout ratio around 67%.

Magna International Inc. (NYSE:MGA - Get Free Report) TSE: MG has been assigned a consensus recommendation of "Hold" from the nineteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $63.25.

A number of brokerages have recently issued reports on MGA. Morgan Stanley boosted their price target on shares of Magna International from $54.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 18th. TD lifted their price objective on Magna International from $75.00 to $76.00 and gave the company a "buy" rating in a report on Monday. Wall Street Zen upgraded Magna International from a "buy" rating to a "strong-buy" rating in a research report on Monday, January 19th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $57.00 price target on shares of Magna International in a report on Wednesday, April 29th. Finally, UBS Group decreased their price target on Magna International from $70.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 14th.

Magna International Stock Performance

Shares of MGA opened at $59.50 on Tuesday. Magna International has a 12-month low of $32.54 and a 12-month high of $69.94. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 0.36. The firm has a market cap of $16.32 billion, a PE ratio of 24.90 and a beta of 1.44. The company's 50 day simple moving average is $58.59 and its 200-day simple moving average is $54.39.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last announced its earnings results on Friday, May 1st. The company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.37. Magna International had a net margin of 1.60% and a return on equity of 13.85%. The business had revenue of $10.13 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The business's revenue was up 3.1% compared to the same quarter last year. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. As a group, equities analysts predict that Magna International will post 6.81 EPS for the current year.

Magna International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.495 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.3%. Magna International's dividend payout ratio is currently 67.12%.

Hedge Funds Weigh In On Magna International

Hedge funds have recently added to or reduced their stakes in the business. Plato Investment Management Ltd purchased a new stake in shares of Magna International in the third quarter valued at about $1,880,000. AGF Management Ltd. purchased a new position in shares of Magna International during the 3rd quarter worth approximately $14,191,000. ARGA Investment Management LP increased its stake in shares of Magna International by 33.2% during the 3rd 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 acquired a new position in shares of Magna International in the third quarter worth $3,551,000. Finally, Achmea Investment Management B.V. acquired a new position in Magna International in the 3rd quarter valued at about $8,606,000. 67.49% of the stock is currently owned by hedge funds and other institutional investors.

About Magna International

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.