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Magna International (MGA) Stock Forecast, Price & News

$52.94
-0.19 (-0.36%)
(As of 06/8/2023 ET)
Compare
Today's Range
$52.81
$53.79
50-Day Range
$48.36
$54.77
52-Week Range
$45.58
$68.92
Volume
490,552 shs
Average Volume
1.20 million shs
Market Capitalization
$15.15 billion
P/E Ratio
34.83
Dividend Yield
3.48%
Price Target
$62.00

Magna International MarketRank™ Forecast

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
17.1% Upside
$62.00 Price Target
Short Interest
Bearish
2.30% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
36.57%
From $4.84 to $6.61 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.89 out of 5 stars

Auto/Tires/Trucks Sector

6th out of 98 stocks

Motor Vehicle Parts & Accessories Industry

4th out of 34 stocks


MGA stock logo

About Magna International (NYSE:MGA) Stock

Magna International, Inc. is a mobility technology company, which engages in the design, engineering, and manufacturing of automotive supplies. It operates through the following segments: Body Exteriors and Structures, Power and Vision, Seating Systems, and Complete Vehicles. The Body Exteriors and Structures segment includes body and chassis systems, exterior systems, and roof systems operations. The Power and Vision segment comprises of global powertrain systems, electronics systems, mirrors, lighting, and mechatronics operations. The Seating Systems segment deals with global seating systems operations. The Complete Vehicles segment focuses on vehicle engineering and manufacturing operations. The company was founded by Frank Stronach in 1957 and is headquartered in Aurora, Canada.

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MGA Stock News Headlines

This Company Is Solving A Multi-Billion Dollar Problem!
This Little Known NASDAQ Stock is Solving a Multi-Billion Dollar Problem!
Magna Announces 2023 Annual Meeting Results
This Company Is Solving A Multi-Billion Dollar Problem!
This Little Known NASDAQ Stock is Solving a Multi-Billion Dollar Problem!
Magna International (NYSE:MGA) Upgraded at BNP Paribas
Magna Announces First Quarter 2023 Results
See More Headlines

MGA Price History

MGA Company Calendar

Ex-Dividend for 3/10 Dividend
2/23/2023
Dividend Payable
3/10/2023
Last Earnings
5/05/2023
Ex-Dividend for 6/2 Dividend
5/18/2023
Dividend Payable
6/02/2023
Today
6/08/2023
Next Earnings (Estimated)
8/04/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
N/A
Employees
168,000
Year Founded
1957

Price Target and Rating

Average Stock Price Forecast
$62.00
High Stock Price Forecast
$73.00
Low Stock Price Forecast
$52.00
Forecasted Upside/Downside
+17.1%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
12 Analysts

Profitability

Net Income
$592 million
Pretax Margin
1.89%

Debt

Sales & Book Value

Annual Sales
$37.84 billion
Cash Flow
$9.07 per share
Book Value
$39.64 per share

Miscellaneous

Free Float
284,691,000
Market Cap
$15.15 billion
Optionable
Optionable
Beta
1.59

Social Links


Key Executives

  • Seetarama Kotagiri
    Chief Executive Officer & Director
  • Vincent J. Galifi
    President
  • Tommy J. Skudutis
    Chief Operating Officer & Executive Vice President
  • Patrick W. D. McCann
    Chief Financial Officer & Executive Vice President
  • Anton Mayer
    Chief Technology Officer & Executive VP













MGA Stock - Frequently Asked Questions

Should I buy or sell Magna International stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last twelve months. There are currently 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MGA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGA, but not buy additional shares or sell existing shares.
View MGA analyst ratings
or view top-rated stocks.

What is Magna International's stock price forecast for 2023?

12 Wall Street analysts have issued 1-year target prices for Magna International's shares. Their MGA share price forecasts range from $52.00 to $73.00. On average, they anticipate the company's stock price to reach $62.00 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
View analysts price targets for MGA
or view top-rated stocks among Wall Street analysts.

How have MGA shares performed in 2023?

Magna International's stock was trading at $56.18 at the beginning of 2023. Since then, MGA stock has decreased by 5.4% and is now trading at $53.14.
View the best growth stocks for 2023 here
.

Are investors shorting Magna International?

Magna International saw a increase in short interest in April. As of April 30th, there was short interest totaling 5,350,000 shares, an increase of 27.1% from the April 15th total of 4,210,000 shares. Based on an average daily volume of 1,220,000 shares, the days-to-cover ratio is presently 4.4 days. Currently, 2.0% of the shares of the stock are sold short.
View Magna International's Short Interest
.

When is Magna International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our MGA earnings forecast
.

How were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) announced its earnings results on Friday, May, 5th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.16. The business had revenue of $10.67 billion for the quarter, compared to analysts' expectations of $9.90 billion. Magna International had a trailing twelve-month return on equity of 10.05% and a net margin of 1.12%. The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the company posted $1.28 earnings per share.

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

Magna International announced a quarterly dividend on Friday, May 5th. Investors of record on Friday, May 19th will be given a dividend of $0.46 per share on Friday, June 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Thursday, May 18th.
Read our dividend analysis for MGA
.

Is Magna International a good dividend stock?

Magna International (NYSE:MGA) pays an annual dividend of $1.84 per share and currently has a dividend yield of 3.49%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 121.05%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MGA will have a dividend payout ratio of 27.84% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGA.

When did Magna International's stock split?

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

What guidance has Magna International issued on next quarter's earnings?

Magna International updated its FY 2023 earnings guidance on Sunday, May, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $40.20 billion-$41.80 billion, compared to the consensus revenue estimate of $40.56 billion.

What other stocks do shareholders of Magna International own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magna International investors own include Magna International (MG), Gilead Sciences (GILD), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), NVIDIA (NVDA), Broadcom (AVGO), QUALCOMM (QCOM), BlackRock (BLK) and Alibaba Group (BABA).

What is Magna International's stock symbol?

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

Who are Magna International's major shareholders?

Magna International's stock is owned by many different retail and institutional investors. Top institutional shareholders include Jarislowsky Fraser Ltd (2.69%), Pzena Investment Management LLC (1.59%), Turtle Creek Asset Management Inc. (0.77%), Toronto Dominion Bank (0.66%), Sumitomo Mitsui Trust Holdings Inc. (0.34%) and Geode Capital Management LLC (0.32%).

How do I buy shares of Magna International?

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

What is Magna International's stock price today?

One share of MGA stock can currently be purchased for approximately $53.14.

How much money does Magna International make?

Magna International (NYSE:MGA) has a market capitalization of $15.20 billion and generates $37.84 billion in revenue each year. The company earns $592 million in net income (profit) each year or $1.52 on an earnings per share basis.

How many employees does Magna International have?

The company employs 168,000 workers across the globe.

Does Magna International have any subsidiaries?
The following companies are subsidiares of Magna International: 1305290 Ontario Inc., 175 Holdings ULC, Automobiltechnik Durbheim, BDW technologies, BluWav Systems, BÖCO, Cadence Innovation, Continental Plastics, Cosma International of America Inc., E-Car, Erhard & Söhne, Getrag, Grenville Castings, Honglizhixin, Intier Automotive of America Holdings Inc., Intier Automotive of America Inc., MAGNA Automotive Europe GmbH, MAGNA Automotive Holding (Germany) GmbH, MAGNA Automotive Holding GmbH, MAGNA INTERNATIONAL (HONG KONG) LIMITED, MAGNA International Automotive Holding GmbH, MAGNA Metalforming GmbH, MAGNA Powertrain GmbH, MAGNA Telemotive, Magna Exteriors Holdings Inc., Magna Exteriors Inc., Magna Exteriors of America Inc., Magna Internacional de Mexico S.A. de C.V., Magna International Investments S.A., Magna Mirrors of America Inc., Magna PT Holding GmbH, Magna Powertrain GmbH & Co KG, Magna Powertrain Inc., Magna Powertrain de Mexico S.A. de C.V., Magna Seating Inc., Magna Seating of America Inc., Magna Steyr AG & Co. KG, Magna Steyr Fahrzeugtechnik AG & Co. KG, Magna Treasury Services LP, Magna US Holding Inc., Meridian Automotive Systems, OLSA, Ogihara America, Optimus Ride, Pabsa, Plastech Engineered Products, Pressac Investments, Resil Minas, STT, Stadco Automotive, Techform, Technoplast, Textile Competence Centre, ThyssenKrupp Automotive Systems Industrial do Brasil, VIZA GECA, Wuhu Youth Tongyang Auto Plastic Parts, and ixetic Verwaltungs.
Read More
How can I contact Magna International?

Magna International's mailing address is 337 MAGNA DRIVE, AURORA A6, L4G 7K1. The official website for the company is www.magna.com. The company can be reached via phone at (905) 726-2462, via email at magna.ir@magna.com, or via fax at 905-726-7164.

This page (NYSE:MGA) was last updated on 6/8/2023 by MarketBeat.com Staff

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