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3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Why is Russia reopening dormant copper mines? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
China Threat Triggers Potential Mining Boom for Investors (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Why is Russia reopening dormant copper mines? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
China Threat Triggers Potential Mining Boom for Investors (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Why is Russia reopening dormant copper mines? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
China Threat Triggers Potential Mining Boom for Investors (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
NYSE:MGA

Magna International - MGA Stock Forecast, Price & News

$59.25
-2.05 (-3.34%)
(As of 12/5/2022 12:00 AM ET)
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Compare
Today's Range
$59.01
$60.87
50-Day Range
$47.19
$63.42
52-Week Range
$45.58
$90.15
Volume
1.04 million shs
Average Volume
1.26 million shs
Market Capitalization
$16.93 billion
P/E Ratio
18.40
Dividend Yield
2.94%
Price Target
$72.77

Magna International MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
22.8% Upside
$72.77 Price Target
Short Interest
Healthy
2.04% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.10mentions of Magna International in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
33.26%
From $4.54 to $6.05 Per Share

Overall MarketRank

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

3.12 out of 5 stars

Auto/Tires/Trucks Sector

2nd out of 103 stocks

Motor Vehicle Parts & Accessories Industry

1st out of 35 stocks

MGA stock logo

About Magna International (NYSE:MGA) Stock

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.

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MGA Stock News Headlines

Granite REIT: Premium Assets At A Fair Price
Magna (MGA) Misses on Q3 Earnings & Sales, Trims '22 View
Magna International: Q3 Earnings Insights
Why Fisker Shares Dropped Then Rebounded Today
Magna International Inc. (NYSE: MGA)
Q3-2022 Results Conference Call
See More Headlines
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MGA Company Calendar

Last Earnings
11/05/2021
Ex-Dividend for 12/2 Dividend
11/17/2022
Dividend Payable
12/02/2022
Today
12/05/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/10/2023

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
$72.77
High Stock Price Forecast
$106.00
Low Stock Price Forecast
$58.00
Forecasted Upside/Downside
+22.8%
Consensus Rating
Hold
Rating Score (0-4)
2.43
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
$10.16 per share
Book Value
$41.04 per share

Miscellaneous

Free Float
284,390,000
Market Cap
$16.93 billion
Optionable
Optionable
Beta
1.53

Social Links


Key Executives

  • Mr. Seetarama Swamy Kotagiri M.Sc.
    CEO & Director
  • Mr. Vincent Joseph Galifi B.Com. (Age 62)
    C.A., Pres
    Comp: $2.82M
  • Mr. Tommy J. Skudutis
    Exec. VP & COO
  • Mr. Eric Jon Wilds
    Exec. VP of Chief Sales & Marketing Officer
  • Mr. Guenther F. Apfalter (Age 59)
    Pres of Magna Europe & Asia
    Comp: $1.36M
  • Mr. Patrick W. D. McCann
    Exec. VP & CFO
  • Mr. Anton Mayer
    Exec. VP & CTO
  • Mr. Boris Shulkin
    Exec. VP and Chief Digital & Information Officer
  • Mr. Louis Tonelli
    VP of Investor Relations
  • Mr. Bruce R. Cluney (Age 57)
    Exec. VP & Chief Legal Officer













MGA Stock - Frequently Asked Questions

Should I buy or sell Magna International stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research 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 brokers have issued 1 year price objectives for Magna International's shares. Their MGA share price forecasts range from $58.00 to $106.00. On average, they predict the company's stock price to reach $72.77 in the next year. This suggests a possible upside of 22.8% 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 2022?

Magna International's stock was trading at $80.94 at the beginning of 2022. Since then, MGA shares have decreased by 26.8% and is now trading at $59.25.
View the best growth stocks for 2022 here
.

Are investors shorting Magna International?

Magna International saw a increase in short interest in October. As of October 31st, there was short interest totaling 5,510,000 shares, an increase of 18.8% from the October 15th total of 4,640,000 shares. Based on an average trading volume of 1,010,000 shares, the short-interest ratio is currently 5.5 days. Currently, 2.1% of the shares of the company are short sold.
View Magna International's Short Interest
.

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 were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) announced its quarterly earnings results on Friday, November, 5th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.75 by $0.19. The firm earned $7.92 billion during the quarter, compared to analyst estimates of $7.85 billion. Magna International had a trailing twelve-month return on equity of 11.41% and a net margin of 2.57%. The business's quarterly revenue was down 13.3% compared to the same quarter last year. During the same period last year, the business earned $1.95 earnings per share.

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. Shareholders of record on Friday, November 18th will be given a dividend of $0.45 per share on Friday, December 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend 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 29.75% 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?

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 created shares were issued 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.

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

Magna International issued an update on its FY 2022 earnings guidance on Friday, November, 18th. The company provided EPS guidance of for the period. The company issued revenue guidance of $37.40 billion-$38.40 billion, compared to the consensus revenue estimate of $43.41 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 Jarislowsky Fraser Ltd (2.85%), Mackenzie Financial Corp (1.31%), Turtle Creek Asset Management Inc. (0.83%), Toronto Dominion Bank (0.68%), Sumitomo Mitsui Trust Holdings Inc. (0.33%) and Bank of New York Mellon Corp (0.24%).

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 $59.25.

How much money does Magna International make?

Magna International (NYSE:MGA) has a market capitalization of $16.93 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 12/6/2022 by MarketBeat.com Staff