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Magna International Stock Price, Forecast & Analysis (NYSE:MGA)

$55.62
-0.10 (-0.18 %)
(As of 11/18/2019 04:00 PM ET)
Today's Range
$54.78
Now: $55.62
$55.71
50-Day Range
$49.29
MA: $53.62
$56.84
52-Week Range
$42.51
Now: $55.62
$57.09
Volume3.63 million shs
Average Volume1.05 million shs
Market Capitalization$17.00 billion
P/E Ratio8.29
Dividend Yield2.62%
Beta1.57
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$40.83 billion
Cash Flow$11.56 per share
Book Value$35.57 per share

Profitability

Net Income$2.30 billion

Miscellaneous

Employees174,000
Market Cap$17.00 billion
Next Earnings Date2/28/2020 (Estimated)
OptionableOptionable

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Magna International (NYSE:MGA) Frequently Asked Questions

What is Magna International's stock symbol?

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

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

Magna International announced a quarterly dividend on Friday, November 8th. Investors of record on Friday, November 22nd will be paid a dividend of $0.365 per share on Friday, December 6th. This represents a $1.46 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, November 21st. 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 created shares were payable to shareholders after the market closes 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.

How were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) issued its quarterly earnings data on Friday, November, 8th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.03. The firm earned $9.32 billion during the quarter, compared to analysts' expectations of $9.32 billion. Magna International had a return on equity of 17.59% and a net margin of 4.43%. Magna International's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.56 EPS. View Magna International's Earnings History.

When is Magna International's next earnings date?

Magna International is scheduled to release their next quarterly earnings announcement on Friday, February 28th 2020. View Earnings Estimates for Magna International.

What price target have analysts set for MGA?

11 equities research analysts have issued 12-month price targets for Magna International's shares. Their forecasts range from $50.00 to $65.00. On average, they anticipate Magna International's share price to reach $57.14 in the next twelve months. This suggests a possible upside of 2.7% from the stock's current price. View Analyst Price Targets for Magna International.

What is the consensus analysts' recommendation for Magna International?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Magna International.

What are Wall Street analysts saying about Magna International stock?

Here are some recent quotes from research analysts about Magna International stock:
  • 1. According to Zacks Investment Research, "Magna focuses on innovation and technology development for growth and program launches across its business segments to meet the rising demand for crossover & SUVs. In fact, these program launches are driving the company’s top line. Currently, it is actively working to develop ADAS technology that will offer basic safety and convenience functions in vehicles. Also, business expansion through joint ventures and hub openings while divesting non-core units, will also aid growth. This April, the company formed a joint venture (JV) with GAC Component in China to manufacture composite liftgates for the latter’s crossover vehicles. This JV will aid Magna to improve its footprint in China. However, Fluctuating foreign currencies and a stronger U.S. dollar along with customer price concessions are likely to hurt the bottom line. " (10/14/2019)
  • 2. Evercore ISI analysts commented, "We reiterate our MGA PT) based on a reduced secular story (ADAS L2.5+ execution worrying; Electrification/Powertrain continuing to be a 4 letter word globally for suppliers), but highlight that MGA’s historical PE trading range of 6.0-8.5x fwd would argue the stock now sits right below the middle of its trading range and hedge funds may cover shorts and move on to the next supplier with wobbly guidance outlook." (8/11/2019)

Has Magna International been receiving favorable news coverage?

Media stories about MGA stock have trended very negative on Monday, InfoTrie reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Magna International earned a news impact score of -3.0 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for Magna International.

Are investors shorting Magna International?

Magna International saw a drop in short interest in October. As of October 31st, there was short interest totalling 3,390,000 shares, a drop of 5.6% from the September 30th total of 3,590,000 shares. Based on an average daily volume of 821,600 shares, the short-interest ratio is currently 4.1 days. Approximately 1.2% of the company's stock are short sold. View Magna International's Current Options Chain.

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), CA (CA), Micron Technology (MU), Gilead Sciences (GILD), Alibaba Group (BABA), Broadcom (AVGO), BlackRock (BLK), Intel (INTC), Lam Research (LRCX) and NVIDIA (NVDA).

Who are Magna International's key executives?

Magna International's management team includes the folowing 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

Who are Magna International's major shareholders?

Magna International's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Cardinal Capital Management Inc. (0.47%), Cornerstone Investment Partners LLC (0.43%), Miller Howard Investments Inc. NY (0.42%), Sumitomo Mitsui Trust Holdings Inc. (0.40%), Russell Investments Group Ltd. (0.33%) and QV Investors Inc. (0.25%).

Which major investors are selling Magna International stock?

MGA stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Miller Howard Investments Inc. NY, Marathon Asset Management LLP, Cornerstone Investment Partners LLC, Renaissance Group LLC, James Investment Research Inc., DNB Asset Management AS and Boston Advisors LLC.

Which major investors are buying Magna International stock?

MGA stock was bought by a variety of institutional investors in the last quarter, including Cardinal Capital Management Inc., QV Investors Inc., Winmill & CO. Inc., Park Avenue Securities LLC, Tibra Equities Europe Ltd, Westwood Management Corp IL, Squar Milner Financial Services LLC and Cerebellum GP LLC.

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 $55.62.

How big of a company is Magna International?

Magna International has a market capitalization of $17.00 billion and generates $40.83 billion in revenue each year. The company earns $2.30 billion in net income (profit) each year or $6.71 on an earnings per share basis. Magna International employs 174,000 workers across the globe.View Additional Information About Magna International.

What is Magna International's official website?

The official website for Magna International is http://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]


MarketBeat Community Rating for Magna International (NYSE MGA)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  578 (Vote Outperform)
Underperform Votes:  525 (Vote Underperform)
Total Votes:  1,103
MarketBeat's community ratings are surveys of what our community members think about Magna International and other stocks. Vote "Outperform" if you believe MGA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGA will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/18/2019 by MarketBeat.com Staff

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