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NYSE:MGA - Magna International Stock Price, Forecast & News

$54.88
-0.41 (-0.74 %)
(As of 12/15/2019 04:00 PM ET)
Today's Range
$54.75
Now: $54.88
$55.72
50-Day Range
$53.26
MA: $54.86
$56.84
52-Week Range
$42.51
Now: $54.88
$57.09
Volume947,960 shs
Average Volume809,841 shs
Market Capitalization$16.78 billion
P/E Ratio8.18
Dividend Yield2.64%
Beta1.54
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$11.46 per share
Book Value$34.09 per share

Profitability

Net Income$2.30 billion

Miscellaneous

Employees174,000
Market Cap$16.78 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 declared a quarterly dividend on Friday, November 8th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.365 per share on Friday, December 6th. This represents a $1.46 annualized dividend and a yield of 2.66%. 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?

Shares of Magna International split 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 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) posted its quarterly earnings results on Friday, November, 8th. The company reported $1.41 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.38 by $0.03. The company had revenue of $9.32 billion for 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%. The company's revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the firm earned $1.56 earnings per share. 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 guidance has Magna International issued on next quarter's earnings?

Magna International updated its FY 2019 Pre-Market earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $$38.7-39.8 billion, compared to the consensus revenue estimate of $$39.77 billion.

What price target have analysts set for MGA?

11 Wall Street analysts have issued 1-year price targets for Magna International's stock. Their forecasts range from $42.00 to $63.00. On average, they anticipate Magna International's stock price to reach $55.00 in the next twelve months. This suggests a possible upside of 0.2% 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 1 sell rating, 6 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. It is expanding its business through joint ventures and hub openings while divesting non-core units. Further, strong cash flow aids Magna to engage in share buybacks and regular dividend payouts in almost every quarter. However, fluctuating foreign currencies and a stronger U.S. dollar along with customer price concessions are likely to hurt the bottom line. Soaring commodity and launch costs, and operational inefficiencies in the seating segment is also a concern. Material decline in global GDP or light vehicle production is expected to negatively weigh on investor sentiments. Other headwinds include, declining consolidated revenues and EBIT margin projections for full-year 2019." (11/22/2019)
  • 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?

News articles about MGA stock have been trending somewhat negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Magna International earned a coverage optimism score of -1.9 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Magna International.

Are investors shorting Magna International?

Magna International saw a decrease in short interest during the month of November. As of November 15th, there was short interest totalling 3,390,000 shares, a decrease of 5.6% from the October 31st 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 shares of the 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), Micron Technology (MU), CA (CA), Broadcom (AVGO), Gilead Sciences (GILD), Alibaba Group (BABA), 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 number of of retail and institutional investors. Top institutional shareholders 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%), Fairpointe Capital LLC (0.33%) and Russell Investments Group Ltd. (0.33%).

Which major investors are selling Magna International stock?

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

Which major investors are buying Magna International stock?

MGA stock was acquired 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, Parametric Portfolio Associates LLC, Westwood Management Corp IL and Squar Milner Financial Services 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 $54.88.

How big of a company is Magna International?

Magna International has a market capitalization of $16.78 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:  584 (Vote Outperform)
Underperform Votes:  534 (Vote Underperform)
Total Votes:  1,118
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 12/15/2019 by MarketBeat.com Staff

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