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 Stock Performance
Shares of NYSE:MGA opened at $65.30 on Friday. The firm has a market capitalization of $18.87 billion, a PE ratio of 28.89, a P/E/G ratio of 0.74 and a beta of 1.46. 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 business has a 50-day moving average of $59.50 and a two-hundred day moving average of $63.96. Magna International has a 12 month low of $52.47 and a 12 month high of $90.15.
Magna International Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.80 annualized dividend and a yield of 2.76%. Magna International's dividend payout ratio is presently 79.65%.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Wells Fargo & Company lifted their price target on Magna International from $72.00 to $77.00 and gave the stock an "overweight" rating in a research report on Monday, July 11th. Morgan Stanley decreased their price target on Magna International from $84.00 to $79.00 and set an "overweight" rating on the stock in a research note on Thursday, July 14th. Royal Bank of Canada decreased their price target on Magna International from $85.00 to $79.00 and set an "outperform" rating on the stock in a research note on Monday, May 2nd. StockNews.com upgraded Magna International from a "hold" rating to a "buy" rating in a research note on Wednesday, July 27th. Finally, Barclays decreased their target price on Magna International from $68.00 to $64.00 in a research report on Tuesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $76.55.