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S&P 500   3,852.36
DOW   32,920.46
QQQ   293.34
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The Next Big Crisis Is Here (Ad)
A Non-Salesy Annuity Guide To Buying Annuities
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The Next Big Crisis Is Here (Ad)
Mergers and Acquisitions in 2023 Off To A Strong Start
Chevron Delights Shareholders with $75 Billion in Share Buybacks
S&P 500   3,852.36
DOW   32,920.46
QQQ   293.34
Mullen Automotive: The Good News, The Bad And The Ugly Outlook 
The Next Big Crisis Is Here (Ad)
A Non-Salesy Annuity Guide To Buying Annuities
3 Small Caps That Have Big Upside
The Next Big Crisis Is Here (Ad)
Levi Strauss Is A Good Fit For Income Investors 
What Does Apple's Move to India Mean for Investors?
The Next Big Crisis Is Here (Ad)
Mergers and Acquisitions in 2023 Off To A Strong Start
Chevron Delights Shareholders with $75 Billion in Share Buybacks
S&P 500   3,852.36
DOW   32,920.46
QQQ   293.34
Mullen Automotive: The Good News, The Bad And The Ugly Outlook 
The Next Big Crisis Is Here (Ad)
A Non-Salesy Annuity Guide To Buying Annuities
3 Small Caps That Have Big Upside
The Next Big Crisis Is Here (Ad)
Levi Strauss Is A Good Fit For Income Investors 
What Does Apple's Move to India Mean for Investors?
The Next Big Crisis Is Here (Ad)
Mergers and Acquisitions in 2023 Off To A Strong Start
Chevron Delights Shareholders with $75 Billion in Share Buybacks
NYSE:MGA

Magna International - MGA Stock Forecast, Price & News

$62.05
+0.91 (+1.49%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$61.07
$62.22
50-Day Range
$55.05
$65.46
52-Week Range
$45.58
$83.68
Volume
867,358 shs
Average Volume
1.09 million shs
Market Capitalization
$17.74 billion
P/E Ratio
19.27
Dividend Yield
2.94%
Price Target
$69.15

Magna International MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
10.6% Upside
$68.62 Price Target
Short Interest
Healthy
1.41% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.07mentions of Magna International in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
30.84%
From $4.54 to $5.94 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.36 out of 5 stars

Auto/Tires/Trucks Sector

1st out of 100 stocks

Motor Vehicle Parts & Accessories Industry

1st out of 34 stocks


MGA stock logo

About Magna International (NYSE:MGA) Stock

Magna International, Inc. is a mobility technology company, which engages in the design, engineering, and manufacturing of automotive supplies. It operates through the following segments: Body Exteriors and Structures, Power and Vision, Seating Systems, and Complete Vehicles. The Body Exteriors and Structures segment includes body and chassis systems, exterior systems, and roof systems operations. The Power and Vision segment comprises of global powertrain systems, electronics systems, mirrors, lighting, and mechatronics operations. The Seating Systems segment deals with global seating systems operations. The Complete Vehicles segment focuses on vehicle engineering and manufacturing operations. The company was founded by Frank Stronach in 1957 and is headquartered in Aurora, Canada.

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MGA Stock News Headlines

Magna International (NYSE:MGA) Shares Gap Down to $65.46
Magna International (NYSE:MGA) Lowered to "Hold" at TD Securities
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Is Magna International (MGA) an Attractive Investment?
What 7 Analyst Ratings Have To Say About Magna International
Magna International: Chugging Along
Magna (MGA) to Rev Up ADAS Business With $1.5B Buyout Deal
Cramer's lighting round: Magna worries me
Magna to Acquire Veoneer Active Safety Business
See More Headlines
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MGA Company Calendar

Last Earnings
11/04/2022
Ex-Dividend for 12/2 Dividend
11/17/2022
Dividend Payable
12/02/2022
Today
1/26/2023
Next Earnings (Confirmed)
2/10/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
N/A
Employees
158,000
Year Founded
1957

Price Target and Rating

Average Stock Price Forecast
$68.62
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$58.00
Forecasted Upside/Downside
+11.4%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
14 Analysts

Profitability

Net Income
$1.51 billion
Pretax Margin
3.50%

Debt

Sales & Book Value

Annual Sales
$36.24 billion
Cash Flow
$10.74 per share
Book Value
$41.04 per share

Miscellaneous

Free Float
284,502,000
Market Cap
$17.74 billion
Optionable
Optionable
Beta
1.53

Social Links


Key Executives

  • Seetarama Kotagiri
    Chief Executive Officer & Director
  • Vincent J. Galifi
    President
  • Tommy J. Skudutis
    Chief Operating Officer & Executive Vice President
  • Patrick W. D. McCann
    Chief Financial Officer & Executive Vice President
  • Anton Mayer
    Chief Technology Officer & Executive VP













MGA Stock - Frequently Asked Questions

Should I buy or sell Magna International stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 2 sell ratings, 7 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.
View MGA analyst ratings
or view top-rated stocks.

What is Magna International's stock price forecast for 2023?

14 Wall Street analysts have issued 12 month target prices for Magna International's stock. Their MGA share price forecasts range from $58.00 to $100.00. On average, they predict the company's stock price to reach $68.62 in the next year. This suggests a possible upside of 10.6% from the stock's current price.
View analysts price targets for MGA
or view top-rated stocks among Wall Street analysts.

How have MGA shares performed in 2023?

Magna International's stock was trading at $56.18 at the start of the year. Since then, MGA shares have increased by 10.4% and is now trading at $62.05.
View the best growth stocks for 2023 here
.

When is Magna International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 10th 2023.
View our MGA earnings forecast
.

How can I listen to Magna International's earnings call?

Magna International will be holding an earnings conference call on Friday, February 10th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 416-626-4100 with passcode "22025718".

How were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) released its quarterly earnings results on Friday, November, 4th. The company reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by $0.06. The company had revenue of $9.27 billion for the quarter, compared to analyst estimates of $9.34 billion. Magna International had a net margin of 2.57% and a trailing twelve-month return on equity of 11.41%.

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

Magna International declared a quarterly dividend on Friday, November 4th. Stockholders of record on Friday, November 18th will be paid a dividend of $0.45 per share on Friday, December 2nd. This represents a $1.80 annualized dividend and a yield of 2.90%. The ex-dividend date is Thursday, November 17th.
Read our dividend analysis for MGA
.

Is Magna International a good dividend stock?

Magna International (NYSE:MGA) pays an annual dividend of $1.80 per share and currently has a dividend yield of 2.94%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 55.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGA will have a dividend payout ratio of 30.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGA.

When did Magna International's stock split?

Magna International's stock split before market open on Thursday, March 26th 2015. The 2-1 split was announced on Wednesday, February 25th 2015. The newly minted shares were payable to shareholders after the market closes on Wednesday, March 25th 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What guidance has Magna International issued on next quarter's earnings?

Magna International issued an update on its FY 2022 earnings guidance on Tuesday, January, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $37.80 billion-$37.80 billion, compared to the consensus revenue estimate of $37.79 billion.

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), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), NVIDIA (NVDA), Broadcom (AVGO), QUALCOMM (QCOM), BlackRock (BLK) and Alibaba Group (BABA).

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 QV Investors Inc. (0.17%), ARK Investment Management LLC (0.11%), Stanley Laman Group Ltd. (0.02%), Manning & Napier Group LLC (0.01%), Crossmark Global Holdings Inc. (0.01%) and Busey Wealth Management (0.00%).

How do I buy shares of Magna International?

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.
Compare Top Brokerages Here.

What is Magna International's stock price today?

One share of MGA stock can currently be purchased for approximately $62.05.

How much money does Magna International make?

Magna International (NYSE:MGA) has a market capitalization of $17.74 billion and generates $36.24 billion in revenue each year. The company earns $1.51 billion in net income (profit) each year or $3.22 on an earnings per share basis.

How many employees does Magna International have?

The company employs 158,000 workers across the globe.

How can I contact Magna International?

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.

This page (NYSE:MGA) was last updated on 1/27/2023 by MarketBeat.com Staff