Magna International (MGA) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 8 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research 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.

15 brokers have issued 1-year target prices for Magna International's shares. Their MGA share price forecasts range from $57.00 to $85.00. On average, they expect the company's share price to reach $66.87 in the next year. This suggests a possible upside of 24.5% from the stock's current price.
View analysts price targets for MGA or view top-rated stocks among Wall Street analysts.

Magna International's stock was trading at $56.18 at the beginning of 2023. Since then, MGA stock has decreased by 4.4% and is now trading at $53.70.
View the best growth stocks for 2023 here.

Magna International saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 5,460,000 shares, an increase of 30.0% from the July 31st total of 4,200,000 shares. Based on an average daily volume of 1,110,000 shares, the short-interest ratio is presently 4.9 days. Currently, 2.0% of the shares of the stock are sold short.
View Magna International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
View our MGA earnings forecast.

Magna International Inc. (NYSE:MGA) released its quarterly earnings data on Friday, August, 4th. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.23 by $0.27. The business had revenue of $10.98 billion for the quarter, compared to the consensus estimate of $10.45 billion. Magna International had a net margin of 2.30% and a trailing twelve-month return on equity of 11.63%. The firm's quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share.

Magna International announced a quarterly dividend on Friday, August 4th. Shareholders of record on Friday, August 18th will be given a dividend of $0.46 per share on Friday, September 1st. This represents a $1.84 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, August 17th.
Read our dividend analysis for MGA.

Magna International (NYSE:MGA) pays an annual dividend of $1.84 per share and currently has a dividend yield of 3.45%. 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 56.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGA will have a dividend payout ratio of 27.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGA.

Magna International shares split before market open on Thursday, March 26th 2015. The 2-1 split was announced on Wednesday, February 25th 2015. The newly issued shares were distributed 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.

Magna International updated its FY 2025 earnings guidance on Thursday, September, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $46.70 billion-$49.20 billion.

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).

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

Magna International's stock is owned by a variety of institutional and retail investors. Top institutional investors include Jarislowsky Fraser Ltd (2.57%), Pzena Investment Management LLC (2.17%), Geode Capital Management LLC (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), Russell Investments Group Ltd. (0.23%) and QV Investors Inc. (0.19%).

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.

One share of MGA stock can currently be purchased for approximately $53.70.

Magna International (NYSE:MGA) has a market capitalization of $15.38 billion and generates $37.84 billion in revenue each year. The company earns $592 million in net income (profit) each year or $3.24 on an earnings per share basis.

The company employs 168,000 workers across the globe.

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.