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NYSE:MGA

Magna International (MGA) Stock Forecast, Price & News

$52.79
-1.62 (-2.98%)
(As of 09/26/2023 ET)
Compare
Today's Range
$52.72
$54.09
50-Day Range
$52.79
$64.33
52-Week Range
$45.58
$68.92
Volume
885,979 shs
Average Volume
1.15 million shs
Market Capitalization
$15.11 billion
P/E Ratio
16.29
Dividend Yield
3.49%
Price Target
$66.87

Magna International MarketRank™ Forecast

Analyst Rating
Hold
2.47 Rating Score
Upside/​Downside
26.7% Upside
$66.87 Price Target
Short Interest
Healthy
1.72% 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
24.16%
From $5.38 to $6.68 Per Share

Overall MarketRank

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

3.40 out of 5 stars

Auto/Tires/Trucks Sector

2nd out of 93 stocks

Motor Vehicle Parts & Accessories Industry

3rd out of 34 stocks


MGA stock logo

About Magna International (NYSE:MGA) Stock

Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment provides body and chassis, exterior, and roof systems, as well as battery enclosures and engineering and testing services, including fascia and trims, front end modules, integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, breakthrough lightings, quarter windows, encapsulated glasses, and side doors. The Power & Vision segment offers ?electric drive systems and components, such as emotors, inverters, onboard chargers, gearboxes, and e-clutch; dedicated hybrid drives, dual and hybrid dual clutch, and manual transmissions; AWD/4WD products and rear drive modules; transmission, driveline components, and ICE; engineering services; advanced driver assistance systems sensors and, and electronic control units; interior and exterior mirrors, camera and driver monitoring systems and electronics, actuators, door handles, and overhead consoles; forward, rear, and auxiliary lighting products; latching, door modules, window, power closure, and hinges and wire forming systems; and modular and textile folding roofs, and hard and soft tops. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle engineering and manufacturing services. The company also designs, engineers, and manufactures tooling products. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.

MGA Price History

MGA Stock News Headlines

Here's Why Magna (MGA) is a Strong Momentum Stock
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Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Magna International (MGA) Receives a New Rating from Scotiabank
Magna raises full-year 2025 sales forecast
Magna: You Still Have Some Upside Here
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
11 Analysts Have This to Say About Magna International
Wells Fargo Sticks to Its Hold Rating for Magna International (MGA)
Magna says job cuts likely in case of labor strike
See More Headlines
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MGA Company Calendar

Last Earnings
8/04/2023
Ex-Dividend for 9/1 Dividend
8/17/2023
Dividend Payable
9/01/2023
Today
9/26/2023
Next Earnings (Estimated)
11/03/2023
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
$66.87
High Stock Price Forecast
$85.00
Low Stock Price Forecast
$57.00
Forecasted Upside/Downside
+24.5%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
15 Analysts

Profitability

Net Income
$592 million
Pretax Margin
3.22%

Debt

Sales & Book Value

Annual Sales
$37.84 billion
Cash Flow
$9.09 per share
Book Value
$39.64 per share

Miscellaneous

Free Float
284,891,000
Market Cap
$15.38 billion
Optionable
Optionable
Beta
1.65

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Key Executives

  • Mr. Seetarama Swamy Kotagiri M.Sc. (Age 54)
    CEO & Director
    Comp: $3.77M
  • Mr. Vincent Joseph Galifi B.Com. (Age 63)
    C.A., Pres
    Comp: $2.43M
  • Mr. Patrick W. D. McCann
    Exec. VP & CFO
  • Mr. Eric Jon Wilds
    Exec. VP and Chief Sales & Marketing Officer
  • Mr. Anton Mayer
    Exec. VP & CTO
  • Mr. Boris Shulkin
    Exec. VP and Chief Digital & Information Officer
  • Mr. Louis Tonelli
    VP of Investor Relations
  • Mr. Bruce R. Cluney (Age 58)
    Exec. VP & Chief Legal Officer
  • Joanne N. Horibe
    Chief Compliance Officer
  • Ms. Tracy Fuerst
    VP of Corp. Communications & PR













MGA Stock - Frequently Asked Questions

Should I buy or sell Magna International stock right now?

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.

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

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.

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 4.4% and is now trading at $53.70.
View the best growth stocks for 2023 here
.

Are investors shorting Magna International?

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
.

When is Magna International's next earnings date?

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

How were Magna International's earnings last quarter?

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.

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

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
.

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 3.45%. 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.

When did Magna International's stock split?

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.

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

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.

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 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%).

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 $53.70.

How much money does Magna International make?

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.

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 9/26/2023 by MarketBeat.com Staff

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