S&P 500   4,410.13
DOW   34,364.50
QQQ   353.30
S&P 500   4,410.13
DOW   34,364.50
QQQ   353.30
S&P 500   4,410.13
DOW   34,364.50
QQQ   353.30
S&P 500   4,410.13
DOW   34,364.50
QQQ   353.30
NYSE:MGA

Magna International Stock Forecast, Price & News

$78.56
+0.27 (+0.34%)
(As of 01/24/2022 04:00 PM ET)
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Today's Range
$74.26
$78.80
50-Day Range
$75.20
$89.34
52-Week Range
$69.28
$104.28
Volume
2.17 million shs
Average Volume
1.30 million shs
Market Capitalization
$23.40 billion
P/E Ratio
13.27
Dividend Yield
2.20%
Beta
1.54
30 days | 90 days | 365 days | Advanced Chart
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Magna International logo

About Magna International

Magna International, Inc. is a mobility technology company, which supplies to the automotive industry. 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 and 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.

Headlines

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Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$32.65 billion
Cash Flow
$8.16 per share
Book Value
$39.00 per share

Profitability

Net Income
$757 million
Pretax Margin
6.22%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$23.40 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/05/2021
Ex-Dividend for 12/3 Dividend
11/18/2021
Dividend Payable
12/03/2021
Today
1/25/2022
Next Earnings (Confirmed)
2/11/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

3.45 out of 5 stars

Auto/Tires/Trucks Sector

2nd out of 142 stocks

Motor Vehicle Parts & Accessories Industry

1st out of 49 stocks

Analyst Opinion: 3.4Community Rank: 4.5Dividend Strength: 4.2Insider Behavior: 0.8Valuation: 4.4 5 -4 -3 -2 -1 -












Magna International (NYSE:MGA) Frequently Asked Questions

Is Magna International a buy right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 1 sell rating, 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Magna International stock.
View analyst ratings for Magna International
or view top-rated stocks.

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

Magna International's stock was trading at $40.63 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MGA stock has increased by 93.4% and is now trading at $78.56.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Magna International?

Magna International saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 956,400 shares, an increase of 16.4% from the December 15th total of 821,500 shares. Based on an average daily trading volume, of 1,260,000 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are short sold.
View Magna International's Short Interest
.

When is Magna International's next earnings date?

Magna International is scheduled to release its next quarterly earnings announcement on Friday, February 11th 2022.
View our earnings forecast for Magna International
.

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

Magna International will be holding an earnings conference call on Friday, February 11th 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 "22015026".

How were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) issued its quarterly earnings data on Friday, November, 5th. The company reported $0.56 earnings per share (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 the consensus estimate of $7.85 billion. Magna International had a trailing twelve-month return on equity of 16.64% and a net margin of 4.74%. The business's revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.95 earnings per share.
View Magna International's earnings history
.

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

Magna International announced a quarterly dividend on Friday, November 5th. Stockholders of record on Friday, November 19th will be paid a dividend of $0.347 per share on Friday, December 3rd. This represents a $1.39 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, November 18th.
View Magna International's dividend history
.

Is Magna International a good dividend stock?

Magna International pays an annual dividend of $1.72 per share and currently has a dividend yield of 2.20%. Magna International has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Magna International is 29.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Magna International will have a dividend payout ratio of 24.57% next year. This indicates that Magna International will be able to sustain or increase its dividend.
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 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 guidance has Magna International issued on next quarter's earnings?

Magna International updated its FY 2021 earnings guidance on Wednesday, December, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $35.40 billion-$36.40 billion, compared to the consensus revenue estimate of $38.98 billion.

What price target have analysts set for MGA?

10 equities research analysts have issued 1-year target prices for Magna International's shares. Their forecasts range from $68.00 to $115.00. On average, they anticipate Magna International's stock price to reach $94.78 in the next year. This suggests a possible upside of 20.6% from the stock's current price.
View analysts' price targets for Magna International
or view top-rated stocks among Wall Street analysts.

Who are Magna International's key executives?

Magna International's management team includes the following people:
  • Seetarama Kotagiri, Chief Executive Officer
  • Swamy Kotagiri, CEO
  • Vincent J. Galifi, President
  • Tommy J. Skudutis, Chief Operating Officer & Executive Vice President
  • Patrick W. D. McCann, Chief Financial Officer & Executive Vice President

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 number of institutional and retail investors. Top institutional shareholders include QV Investors Inc. (0.19%), Russell Investments Group Ltd. (0.16%), Crossmark Global Holdings Inc. (0.05%), Legato Capital Management LLC (0.01%), Parkside Investments LLC (0.00%) and Hudson Valley Investment Advisors Inc. ADV (0.00%).

Which institutional investors are selling Magna International stock?

MGA stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., QV Investors Inc., Sciencast Management LP, Cutler Group LP, and Cardinal Capital Management Inc..

Which institutional investors are buying Magna International stock?

MGA stock was bought by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., Legato Capital Management LLC, Parkside Investments LLC, Hudson Valley Investment Advisors Inc. ADV, Avondale Wealth Management, Trust Co. of Vermont, Lindbrook Capital LLC, and AdvisorNet Financial 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 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 $78.56.

How much money does Magna International make?

Magna International has a market capitalization of $23.40 billion and generates $32.65 billion in revenue each year. The company earns $757 million in net income (profit) each year or $5.92 on an earnings per share basis.

How many employees does Magna International have?

Magna International employs 158,000 workers across the globe.

When was Magna International founded?

Magna International was founded in 1957.

What is Magna International's official website?

The official website for Magna International is www.magna.com.

Where are Magna International's headquarters?

Magna International is headquartered at 337 MAGNA DRIVE, AURORA A6, L4G 7K1.

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, via email at [email protected], or via fax at 905-726-7164.


This page was last updated on 1/25/2022 by MarketBeat.com Staff

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