Magna International - MGA Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 5 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.
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13 analysts have issued 1 year target prices for Magna International's stock. Their MGA share price forecasts range from $51.00 to $73.00. On average, they predict the company's stock price to reach $62.17 in the next twelve months. This suggests a possible upside of 22.6% from the stock's current price.
View analysts price targets for MGA or view top-rated stocks among Wall Street analysts.

Magna International's stock was trading at $56.18 at the beginning of 2023. Since then, MGA stock has decreased by 9.7% and is now trading at $50.72.
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Magna International saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 4,830,000 shares, an increase of 22.3% from the January 31st total of 3,950,000 shares. Based on an average daily trading volume, of 1,240,000 shares, the short-interest ratio is presently 3.9 days. Currently, 1.8% of the company's shares are sold short.
View Magna International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our MGA earnings forecast.

Magna International Inc. (NYSE:MGA) announced its earnings results on Friday, February, 10th. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $1.24 by $0.33. The company had revenue of $9.57 billion for the quarter, compared to analyst estimates of $9.51 billion. Magna International had a trailing twelve-month return on equity of 10.49% and a net margin of 1.56%. Magna International's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $1.30 earnings per share.

Magna International declared a quarterly dividend on Friday, February 10th. Investors of record on Friday, February 24th will be paid a dividend of $0.46 per share on Friday, March 10th. This represents a $1.84 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, February 23rd. This is a positive change from the stock's previous quarterly dividend of $0.45.
Read our dividend analysis for MGA.

Magna International (NYSE:MGA) pays an annual dividend of $1.84 per share and currently has a dividend yield of 3.67%. 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 91.54%. 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 28.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGA.

Shares of Magna International 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 payable 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.

Magna International issued an update on its FY 2025 earnings guidance on Friday, February, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $44.70 billion-$47.20 billion.

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).

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

Magna International's stock is owned by a number of institutional and retail investors. Top institutional investors include Jarislowsky Fraser Ltd (2.75%), Pzena Investment Management LLC (1.43%), Toronto Dominion Bank (0.66%), Amundi (0.63%), Sumitomo Mitsui Trust Holdings Inc. (0.33%) and Geode Capital Management LLC (0.30%).

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.
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One share of MGA stock can currently be purchased for approximately $50.72.

Magna International (NYSE:MGA) has a market capitalization of $14.51 billion and generates $37.84 billion in revenue each year. The company earns $592 million in net income (profit) each year or $2.01 on an earnings per share basis.

The company employs 158,000 workers across the globe.

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.