NYSE:MGAMagna International Stock Price, Forecast & News

$45.52

-0.32 (-0.70 %)

(As of 06/3/2020 03:09 PM ET)

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Today's Range

$45.51

Now: $45.52▼

$47.39

50-Day Range

$34.26

MA: $37.94▼

$43.77

52-Week Range

$22.75

Now: $45.52▼

$57.09

Volume840,111 shs

Average Volume1.02 million shs

Market Capitalization$13.78 billion

P/E Ratio15.45

Dividend Yield3.66%

Beta1.63

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. Its Power & Vision segment offers manual, hybrid, and dual-clutch transmissions systems; mild hybrid solutions; high voltage edrives and electrified components; chassis, glow plug control, powertrain control, and mechatronic control modules; four-wheel drive, all-wheel drive, and disconnect systems; thermal management and lubrication systems; transmission clutch/carrier components, precision stampings and shafts, and automated driving systems; latching systems, door modules, power closures, hinges and wireforming, and handles; interior and exterior mirrors, and actuators; and front and rear lighting, tail lamps, and other lighting products. The Seating Systems segment provides recliners, manual and power adjusters, and seat structures. Its Complete Vehicles segment offers modular solutions for system and parts, as well as complete vehicle manufacturing services. The company serves original equipment manufacturer and non-automotive customers, as well as tier 1 companies, and medium and heavy truck manufacturers. Magna International Inc. was founded in 1957 and is based in Aurora, Canada.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Magna International has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 8 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $50.08, Magna International has a potential upside of 8.9% from its current price of $45.97.
Amount of Analyst Coverage
Magna International has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Magna International has received 613 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Magna International has received 567 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Magna International has received 51.95% “outperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
Magna International is a leading dividend payer. It pays a dividend yield of 3.66%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Magna International has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Magna International is 26.45 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Magna International will have a dividend payout ratio of 38.83 % next year. This indicates that Magna International will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Magna International insiders have not sold or bought any company stock.
Percentage Held by Institutions
56.77% of the stock of Magna International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Magna International are expected to grow by 428.21% in the coming year, from $0.78 to $4.12 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Magna International is 15.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Magna International is 15.53, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 14.78.
Price to Earnings Growth Ratio
Magna International has a PEG Ratio of 16.99. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Magna International has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.51 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Motor vehicle parts & accessories

Sub-IndustryN/A

SectorAuto/Tires/Trucks

Current SymbolNYSE:MGA

Previous Symbol

CUSIPN/A

CIK749098

Webwww.magna.com

Phone905-726-2462

Debt

Debt-to-Equity Ratio0.29

Current Ratio1.22

Quick Ratio0.81

Price-To-Earnings

Trailing P/E Ratio15.45

Forward P/E Ratio58.36

P/E Growth16.99

Sales & Book Value

Annual Sales$39.43 billion

Price / Sales0.35

Cash Flow$12.04 per share

Price / Cash Flow3.78

Book Value$36.71 per share

Price / Book1.24

Profitability

EPS (Most Recent Fiscal Year)$6.05

Net Income$1.77 billion

Net Margins2.45%

Return on Equity14.75%

Return on Assets6.25%

Miscellaneous

Employees165,000

Outstanding Shares302,660,000

Market Cap$13.78 billion

Next Earnings Date8/13/2020 (Estimated)

OptionableOptionable

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Magna International (NYSE:MGA) Frequently Asked Questions

How has Magna International's stock been impacted by COVID-19 (Coronavirus)?

Magna International's stock was trading at $40.63 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MGA shares have increased by 13.1% and is now trading at $45.97. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Magna International?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 6 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Magna International.

When is Magna International's next earnings date?

Magna International is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Magna International.

How were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) released its quarterly earnings data on Thursday, May, 7th. The company reported $0.86 EPS for the quarter, beating the Zacks' consensus estimate of $0.74 by $0.12. The business earned $8.66 billion during the quarter, compared to analysts' expectations of $8.45 billion. Magna International had a return on equity of 14.75% and a net margin of 2.45%. The company's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 EPS. View Magna International's earnings history.

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

Magna International declared a quarterly dividend on Friday, May 8th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.40 per share on Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Thursday, May 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 the morning of 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 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.

What price target have analysts set for MGA?

14 analysts have issued 1 year price targets for Magna International's stock. Their forecasts range from $35.00 to $68.00. On average, they anticipate Magna International's stock price to reach $50.08 in the next year. This suggests a possible upside of 8.9% from the stock's current price. View analysts' price targets 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." (1/15/2020)
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 very negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Magna International earned a news sentiment score of -3.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutMagna International.

Are investors shorting Magna International?

Magna International saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,930,000 shares, an increase of 96.6% from the April 15th total of 1,490,000 shares. Based on an average daily trading volume, of 1,330,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.1% of the company's shares are sold short. View Magna International's Current Options Chain.

Who are some of Magna International's key competitors?

Some companies that are related to Magna International include Aptiv (APTV), Continental (CTTAY), Icahn Enterprises (IEP), BorgWarner (BWA), ISUZU MOTORS LT/ADR (ISUZY), Lear (LEA), Gentex (GNTX), VALEO/S (VLEEY), Autoliv (ALV), Dongfeng Motor Group (DNFGY), Allison Transmission (ALSN), LCI Industries (LCII), Dorman Products (DORM), Dana (DAN) and Adient (ADNT). View all 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), Gilead Sciences (GILD), CA (CA), Alibaba Group (BABA), BlackRock (BLK), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), Broadcom (AVGO) and Walt Disney (DIS).

Who are Magna International's key executives?

Magna International's management team includes the following 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

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 retail and institutional investors. Top institutional shareholders include Schroder Investment Management Group (0.53%), Sumitomo Mitsui Trust Holdings Inc. (0.45%), Toronto Dominion Bank (0.41%), Cornerstone Investment Partners LLC (0.36%), Miller Howard Investments Inc. NY (0.36%) and QV Investors Inc. (0.32%).

Which institutional investors are selling Magna International stock?

MGA stock was sold by a variety of institutional investors in the last quarter, including Cardinal Capital Management Inc., Toronto Dominion Bank, Russell Investments Group Ltd., Miller Howard Investments Inc. NY, US Bancorp DE, Parametric Portfolio Associates LLC, James Investment Research Inc., and MHI Funds LLC.

Which institutional investors are buying Magna International stock?

MGA stock was acquired by a variety of institutional investors in the last quarter, including QV Investors Inc., FDx Advisors Inc., FDx Advisors Inc., Bank of New York Mellon Corp, BI Asset Management Fondsmaeglerselskab A S, Schroder Investment Management Group, DNB Asset Management AS, and Hillsdale Investment Management Inc..

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 $45.97.

How big of a company is Magna International?

Magna International has a market capitalization of $13.91 billion and generates $39.43 billion in revenue each year. The company earns $1.77 billion in net income (profit) each year or $6.05 on an earnings per share basis. Magna International employs 165,000 workers across the globe.

What is Magna International's official website?

The official website for Magna International is 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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff