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NYSE:MGA

Magna International - MGA Stock Forecast, Price & News

$62.62
-2.12 (-3.27%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$62.42
$63.71
50-Day Range
$52.90
$65.30
52-Week Range
$52.47
$90.15
Volume
855,975 shs
Average Volume
1.37 million shs
Market Capitalization
$18.09 billion
P/E Ratio
27.71
Dividend Yield
2.78%
Price Target
$76.55

Magna International MarketRank™ Forecast

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
22.2% Upside
$76.55 Price Target
Short Interest
Healthy
1.50% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.93mentions of Magna International in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
49.37%
From $4.74 to $7.08 Per Share

Overall MarketRank

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

2.75 out of 5 stars

Auto/Tires/Trucks Sector

11th out of 112 stocks

Motor Vehicle Parts & Accessories Industry

7th out of 38 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, front integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, and side doors. The Power & Vision segment offers hybrid and electric drive systems, motors, inverters, onboard chargers, and e-clutch; dedicated hybrid, dual and hybrid dual, and manual transmissions; AWD/4WD products and rear drive modules; transmission, engine, driveline components, engine drive plates, and accessories; engineering services; advanced driver assistance systems and sensors, 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.

Magna International Price Performance

Shares of Magna International stock traded down $2.12 during midday trading on Wednesday, hitting $62.62. 855,975 shares of the company were exchanged, compared to its average volume of 1,370,384. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.89. The firm has a market cap of $18.09 billion, a P/E ratio of 27.71, a PEG ratio of 0.74 and a beta of 1.46. Magna International has a 52 week low of $52.47 and a 52 week high of $90.15. The firm has a 50 day simple moving average of $59.35 and a 200-day simple moving average of $63.56.

Magna International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, August 11th. This represents a $1.80 annualized dividend and a dividend yield of 2.87%. Magna International's dividend payout ratio (DPR) is presently 79.65%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MGA shares. Wells Fargo & Company raised their target price on Magna International from $72.00 to $77.00 and gave the company an "overweight" rating in a report on Monday, July 11th. StockNews.com raised Magna International from a "hold" rating to a "buy" rating in a report on Wednesday, July 27th. Raymond James set a $68.00 target price on Magna International and gave the company a "market perform" rating in a report on Monday, May 2nd. Citigroup lowered their target price on Magna International from $81.00 to $77.00 in a report on Monday, May 2nd. Finally, Royal Bank of Canada decreased their price objective on Magna International from $85.00 to $79.00 and set an "outperform" rating on the stock in a report on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Magna International has an average rating of "Hold" and an average price target of $76.55.

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MGA Stock News Headlines

Contrasting Magna International (NYSE:MGA) & Canoo (NYSE:GOEV)
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Magna (MGA) Q2 Earnings Lag Estimates
Magna: 25% Cheaper With A Decent Upside
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Magna International (NYSE:MGA) Lifted to Buy at StockNews.com
Morgan Stanley cuts Magna price target to $79
Magna International Drops 5%
Magna International Inc - Stock Financials MGA
Magna International Inc - Stock Chart
12 Analysts Have This to Say About Magna International
10 EV Stocks to Buy According to Cathie Wood
See More Headlines
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MGA Company Calendar

Last Earnings
11/05/2021
Ex-Dividend for 5/27 Dividend
5/12/2022
Dividend Payable
5/27/2022
Ex-Dividend for 8/26 Dividend
8/11/2022
Today
8/17/2022
Dividend Payable
8/26/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
N/A
Employees
158,000
Year Founded
1957

Price Target and Rating

Average Stock Price Forecast
$76.55
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
+22.2%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
11 Analysts

Profitability

Net Income
$1.51 billion
Pretax Margin
2.59%

Debt

Sales & Book Value

Annual Sales
$36.24 billion
Cash Flow
$10.22 per share
Book Value
$39.26 per share

Miscellaneous

Free Float
N/A
Market Cap
$18.09 billion
Optionable
Optionable
Beta
1.46

Social Links


Key Executives

  • Mr. Seetarama Swamy Kotagiri M.Sc.
    CEO & Director
  • Mr. Vincent Joseph Galifi B.Com. (Age 62)
    C.A., Pres
    Comp: $2.82M
  • Mr. Tommy J. Skudutis
    Exec. VP & COO
  • Mr. Eric Jon Wilds
    Exec. VP of Chief Sales & Marketing Officer
  • Mr. Guenther F. Apfalter (Age 59)
    Pres of Magna Europe & Asia
    Comp: $1.36M
  • Mr. Patrick W. D. McCann
    Exec. VP & CFO
  • 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 57)
    Exec. VP & Chief Legal Officer













MGA Stock - Frequently Asked Questions

Should I buy or sell Magna International stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 2 sell ratings, 3 hold ratings and 6 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 2022?

11 Wall Street research analysts have issued 12-month target prices for Magna International's shares. Their MGA share price forecasts range from $63.00 to $100.00. On average, they predict the company's share price to reach $76.55 in the next twelve months. This suggests a possible upside of 22.2% 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 2022?

Magna International's stock was trading at $80.94 on January 1st, 2022. Since then, MGA stock has decreased by 22.6% and is now trading at $62.62.
View the best growth stocks for 2022 here
.

Are investors shorting Magna International?

Magna International saw a increase in short interest in June. As of June 30th, there was short interest totaling 4,200,000 shares, an increase of 31.7% from the June 15th total of 3,190,000 shares. Based on an average daily volume of 1,170,000 shares, the short-interest ratio is currently 3.6 days. Approximately 1.6% of the company's stock are short sold.
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 4th 2022.
View our MGA earnings forecast
.

How were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) posted its quarterly earnings results on Friday, November, 5th. The company reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $0.75 by $0.19. The company had revenue of $7.92 billion for the quarter, compared to analysts' expectations of $7.85 billion. Magna International had a net margin of 1.90% and a trailing twelve-month return on equity of 9.94%. The business's quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.95 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, July 29th. Stockholders of record on Friday, August 12th will be paid a dividend of $0.45 per share on Friday, August 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, August 11th.
Read our dividend analysis for MGA
.

Is Magna International a good dividend stock?

Magna International (NYSE:MGA) pays an annual dividend of $1.80 per share and currently has a dividend yield of 2.78%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 79.65%. 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 25.42% 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 before market open on Thursday, March 26th 2015. The 2-1 split was announced on Wednesday, February 25th 2015. The newly created shares were distributed to shareholders after the closing bell 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 issued an update on its FY 2022 earnings guidance on Friday, August, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $37.60 billion-$39.20 billion, compared to the consensus revenue estimate of $43.41 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 number of institutional and retail investors. Top institutional investors include Jarislowsky Fraser Ltd (2.87%), Turtle Creek Asset Management Inc. (0.76%), Toronto Dominion Bank (0.61%), Sumitomo Mitsui Trust Holdings Inc. (0.34%), QV Investors Inc. (0.18%) and Russell Investments Group Ltd. (0.18%).

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 $62.62.

How much money does Magna International make?

Magna International (NYSE:MGA) has a market capitalization of $18.09 billion and generates $36.24 billion in revenue each year. The company earns $1.51 billion in net income (profit) each year or $2.26 on an earnings per share basis.

How many employees does Magna International have?

The company employs 158,000 workers across the globe.

When was Magna International founded?

Magna International was founded in 1957.

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 8/17/2022 by MarketBeat.com Staff

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