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NYSE:MGA

Magna International Stock Forecast, Price & News

$44.55
+0.05 (+0.11 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$43.62
Now: $44.55
$44.68
50-Day Range
$43.48
MA: $49.36
$53.41
52-Week Range
$22.75
Now: $44.55
$57.09
Volume932,979 shs
Average Volume1.04 million shs
Market Capitalization$13.32 billion
P/E RatioN/A
Dividend Yield3.60%
Beta1.61
Magna International Inc. designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia Pacific, and internationally. The Body Exteriors & Structures segment provides body structures; chassis structures, such as frame and structural assemblies, chassis subframes, and suspension systems; exterior systems and modules, including hoods, roofs, door panels, front end modules, liftgate modules, polycarbonate roof panels, liftgate sensor integration systems, and fascia; trim and automotive jewelry comprises engineered glass, trim and roof racks, and running boards; non-visible and visible active grille shutters, active air deflectors, and underbody panels; and fuel systems, pipes and components, and alternative energy storage systems. Its Power & Vision segment offers manual, hybrid, and dual-clutch transmissions systems; mild hybrid solutions; high voltage edrives and electrified components; chassis, glow plug control, powertrain control, and mechatronic control modules; four-wheel drive, all-wheel drive, and disconnect systems; thermal management and lubrication systems; transmission clutch/carrier components, precision stampings and shafts, and automated driving systems; latching systems, door modules, power closures, hinges and wireforming, and handles; interior and exterior mirrors, and actuators; and front and rear lighting, tail lamps, and other lighting products. The Seating Systems segment provides recliners, manual and power adjusters, and seat structures. Its Complete Vehicles segment offers modular solutions for system and parts, as well as complete vehicle manufacturing services. The company serves original equipment manufacturer and non-automotive customers, as well as tier 1 companies, and medium and heavy truck manufacturers. Magna International Inc. was founded in 1957 and is based in Aurora, Canada.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.25 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$39.43 billion
Cash Flow$10.61 per share
Book Value$36.71 per share

Profitability

Net Income$1.77 billion

Miscellaneous

Employees165,000
Market Cap$13.32 billion
Next Earnings Date11/13/2020 (Estimated)
OptionableOptionable
$44.55
+0.05 (+0.11 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Magna International (NYSE:MGA) Frequently Asked Questions

How has Magna International's stock price been impacted by Coronavirus (COVID-19)?

Magna International's stock was trading at $40.63 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MGA stock has increased by 9.6% and is now trading at $44.55.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Magna International?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 6 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Magna International
.

When is Magna International's next earnings date?

Magna International is scheduled to release its next quarterly earnings announcement on Friday, November 13th 2020.
View our earnings forecast for Magna International
.

How were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) released its earnings results on Friday, August, 7th. The company reported ($1.71) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($2.03) by $0.32. The company earned $4.29 billion during the quarter, compared to analyst estimates of $4.15 billion. Magna International had a positive return on equity of 5.84% and a negative net margin of 0.57%. Magna International's revenue for the quarter was down 57.6% compared to the same quarter last year. During the same period last year, the firm posted $1.59 earnings per share.
View Magna International's earnings history
.

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

Magna International announced a quarterly dividend on Monday, August 10th. Stockholders of record on Friday, August 21st will be given a dividend of $0.40 per share on Friday, September 4th. This represents a $1.60 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, August 20th.
View Magna International's dividend history
.

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

Magna International's stock split on Thursday, March 26th 2015. The 2-1 split was announced on Wednesday, February 25th 2015. The newly minted shares were distributed to shareholders after the closing bell 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.

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

Magna International updated its FY 2020 Pre-Market earnings guidance on Friday, August, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $30-32 billion, compared to the consensus revenue estimate of $30.3 billion.

What price target have analysts set for MGA?

14 brokers have issued 12-month target prices for Magna International's shares. Their forecasts range from $35.00 to $68.00. On average, they expect Magna International's share price to reach $53.07 in the next twelve months. This suggests a possible upside of 19.1% from the stock's current price.
View analysts' price targets for Magna International
.

Are investors shorting Magna International?

Magna International saw a increase in short interest in August. As of August 14th, there was short interest totaling 3,650,000 shares, an increase of 21.3% from the July 30th total of 3,010,000 shares. Based on an average daily volume of 896,800 shares, the days-to-cover ratio is currently 4.1 days. Approximately 1.3% of the shares of the stock are sold short.
View Magna International's Short Interest
.

Who are some of Magna International's key competitors?

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), BlackRock (BLK), QUALCOMM (QCOM) and Alibaba Group (BABA).

Who are Magna International's key executives?

Magna International's management team includes the following 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. Seetarama Swamy Kotagiri, Exec. VP, CTO and Pres of Magna Power & Vision
  • Mr. James J. Tobin Sr., Chief Marketing Officer & Pres of Magna Asia

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 institutional and retail investors. Top institutional shareholders include Jarislowsky Fraser Ltd (1.21%), Toronto Dominion Bank (0.57%), Sound Shore Management Inc CT (0.51%), Sumitomo Mitsui Trust Holdings Inc. (0.48%), Miller Howard Investments Inc. NY (0.32%) and MUFG Securities EMEA plc (0.30%).

Which major investors are selling Magna International stock?

MGA stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, QV Investors Inc., US Bancorp DE, Miller Howard Investments Inc. NY, James Investment Research Inc., SG Americas Securities LLC, Russell Investments Group Ltd., and Bank of New York Mellon Corp.

Which major investors are buying Magna International stock?

MGA stock was acquired by a variety of institutional investors in the last quarter, including Jarislowsky Fraser Ltd, Sound Shore Management Inc CT, MUFG Securities EMEA plc, Toronto Dominion Bank, Barometer Capital Management Inc., Todd Asset Management LLC, ARGA Investment Management LP, and Sumitomo Mitsui Trust Holdings 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, Robinhood, Fidelity, and Charles Schwab.

What is Magna International's stock price today?

One share of MGA stock can currently be purchased for approximately $44.55.

How big of a company is Magna International?

Magna International has a market capitalization of $13.32 billion and generates $39.43 billion in revenue each year. The company earns $1.77 billion in net income (profit) each year or $6.05 on an earnings per share basis. Magna International employs 165,000 workers across the globe.

What is Magna International's official website?

The official website for Magna International is 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]

This page was last updated on 9/27/2020 by MarketBeat.com Staff

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