NYSE:MGA - Magna International Stock Price, News, & Analysis

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$52.00 +0.54 (+1.05 %)
(As of 02/15/2019 04:00 PM ET)
Previous Close$52.00
Today's Range$51.60 - $52.44
52-Week Range$42.88 - $67.47
Volume858,173 shs
Average Volume1.02 million shs
Market Capitalization$17.02 billion
P/E Ratio8.72
Dividend Yield2.57%
Beta1.42
Magna International Inc. designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company offers body systems, including exterior sheetmetal and closure systems, body structure systems, and energy management solutions; chassis systems, such as frames and chassis subframes, suspension links and arms, and chassis modules; and engineering services comprising support, program management, virtual tool, prototype build and validation, testing, and research and development services. It also provides fascia and exterior trims, liftgate and exterior modules, front end modules, ACTERO active aerodynamics, and lightweight composites; and roof systems that include softtops, retractable hardtops, modular tops, and hardtops. In addition, the company offers latching system, hinge and wire forming, power closure, electronic, door module, window system, engineered glass, sealing, trim and roof rack, testing center, and running board closures; and driveline systems, fluid pressure and controls, and metal-forming solutions. Further, it provides driver assistance systems and electronic components; and interior and exterior mirrors, actuators, electronic vision systems, door handle and overhead console technologies, and front and signal lightings. Additionally, the company offers seating systems, mechanism and seat structure solutions, foam and trim solutions, and design and development solutions; and engineering services, vehicle contract manufacturing services, and fuel systems. The company serves original equipment manufacturer, tier 1, medium and heavy truck, and non-automotive customers. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.

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Industry, Sector and Symbol

Industry Motor vehicle parts & accessories
Sub-IndustryN/A
SectorAuto/Tires/Trucks
CUSIPN/A
Phone905-726-2462

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$38.95 billion
Cash Flow$9.9808 per share
Book Value$32.51 per share

Profitability

Net Income$2.21 billion

Miscellaneous

Employees173,000
Market Cap$17.02 billion
OptionableOptionable

Magna International (NYSE:MGA) Frequently Asked Questions

What is Magna International's stock symbol?

Magna International trades on the New York Stock Exchange (NYSE) under the ticker symbol "MGA."

How often does Magna International pay dividends? What is the dividend yield for Magna International?

Magna International announced a quarterly dividend on Wednesday, November 7th. Investors of record on Friday, November 23rd will be given a dividend of $0.33 per share on Friday, December 7th. This represents a $1.32 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Wednesday, November 21st. View Magna International's Dividend History.

When did Magna International's stock split? How did Magna International's stock split work?

Shares of Magna International split on the morning of Thursday, March 26th 2015. The 2-1 split was announced on Wednesday, February 25th 2015. The newly minted shares were issued to shareholders after the market closes on Wednesday, March 25th 2015. An investor that had 100 shares of Magna International stock prior to the split would have 200 shares after the split.

How were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) posted its earnings results on Wednesday, August, 8th. The company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by $0.07. The company had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.45 billion. Magna International had a net margin of 5.83% and a return on equity of 19.98%. The business's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 earnings per share. View Magna International's Earnings History.

When is Magna International's next earnings date?

Magna International is scheduled to release their next quarterly earnings announcement on Friday, February 22nd 2019. View Earnings Estimates for Magna International.

How can I listen to Magna International's earnings call?

Magna International will be holding an earnings conference call on Friday, February 22nd at 7:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8006164707.

What price target have analysts set for MGA?

16 equities research analysts have issued 1 year price targets for Magna International's stock. Their forecasts range from $48.00 to $80.00. On average, they expect Magna International's stock price to reach $65.25 in the next year. This suggests a possible upside of 25.5% from the stock's current price. View Analyst Price Targets for Magna International.

What is the consensus analysts' recommendation for Magna International?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 1 sell rating, 3 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Magna International.

Has Magna International been receiving favorable news coverage?

Press coverage about MGA stock has been trending positive on Saturday, according to InfoTrie. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Magna International earned a news impact score of 2.7 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next few days.

Are investors shorting Magna International?

Magna International saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 2,213,830 shares, a drop of 33.5% from the January 15th total of 3,329,913 shares. Based on an average daily trading volume, of 1,069,298 shares, the short-interest ratio is presently 2.1 days. View Magna International's Current Options Chain.

Who are some of Magna International's key competitors?

Who are Magna International's key executives?

Magna International's management team includes the folowing people:
  • Mr. Donald James Walker P.Eng., CEO & Director (Age 62)
  • Mr. Vincent Joseph Galifi B.Com., C.A., Exec. VP & CFO (Age 59)
  • Mr. Tommy J. Skudutis, Exec. VP & COO
  • Mr. James J. Tobin Sr., Chief Marketing Officer & Pres of Magna Asia
  • Mr. Seetarama Swamy Kotagiri, Exec. VP, CTO and Pres of Magna Power & Vision

Who are Magna International's major shareholders?

Magna International's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Toronto Dominion Bank (0.56%), Cornerstone Investment Partners LLC (0.38%), Bank of New York Mellon Corp (0.33%), United Services Automobile Association (0.27%), Scheer Rowlett & Associates Investment Management Ltd. (0.22%) and Becker Capital Management Inc. (0.20%).

Which major investors are selling Magna International stock?

MGA stock was sold by a variety of institutional investors in the last quarter, including Connor Clark & Lunn Investment Management Ltd., Toronto Dominion Bank, PCJ Investment Counsel Ltd., Cornerstone Investment Partners LLC, Becker Capital Management Inc., State of Tennessee Treasury Department, Renaissance Group LLC and Osborn Williams & Donohoe LLC.

Which major investors are buying Magna International stock?

MGA stock was bought by a variety of institutional investors in the last quarter, including O Shaughnessy Asset Management LLC, Scheer Rowlett & Associates Investment Management Ltd., James Investment Research Inc., AGF Investments Inc., United Services Automobile Association, Ellis Investment Partners LLC, IPG Investment Advisors LLC and Cardinal Capital Management Inc..

How do I buy shares of Magna International?

Shares of MGA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Magna International's stock price today?

One share of MGA stock can currently be purchased for approximately $52.00.

How big of a company is Magna International?

Magna International has a market capitalization of $17.02 billion and generates $38.95 billion in revenue each year. The company earns $2.21 billion in net income (profit) each year or $5.96 on an earnings per share basis. Magna International employs 173,000 workers across the globe.

What is Magna International's official website?

The official website for Magna International is http://www.magna.com.

How can I contact Magna International?

Magna International's mailing address is 337 MAGNA DRIVE, AURORA A6, L4G 7K1. The company can be reached via phone at 905-726-2462 or via email at [email protected]


MarketBeat Community Rating for Magna International (NYSE MGA)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  532 (Vote Outperform)
Underperform Votes:  463 (Vote Underperform)
Total Votes:  995
MarketBeat's community ratings are surveys of what our community members think about Magna International and other stocks. Vote "Outperform" if you believe MGA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGA will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/16/2019 by MarketBeat.com Staff

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