S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NYSE:MGA

Magna International (MGA) Stock Forecast, Price & News

$61.47
-1.27 (-2.02%)
(As of 05/20/2022 12:00 AM ET)
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Today's Range
$60.09
$64.19
50-Day Range
$56.45
$66.64
52-Week Range
$54.60
$104.28
Volume
1.30 million shs
Average Volume
1.33 million shs
Market Capitalization
$17.97 billion
P/E Ratio
14.64
Dividend Yield
2.87%
Beta
1.43
30 days | 90 days | 365 days | Advanced Chart
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Magna International logo

About Magna International

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.

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
$36.24 billion
Cash Flow
$10.30 per share
Book Value
$41.18 per share

Profitability

Net Income
$1.51 billion
Pretax Margin
4.38%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$17.97 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/11 Dividend
2/24/2022
Dividend Payable
3/11/2022
Last Earnings
4/29/2022
Ex-Dividend for 5/27 Dividend
5/12/2022
Today
5/21/2022
Dividend Payable
5/27/2022
Next Earnings (Estimated)
8/05/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

3.66 out of 5 stars

Auto/Tires/Trucks Sector

1st out of 138 stocks

Motor Vehicle Parts & Accessories Industry

1st out of 49 stocks

Analyst Opinion: 4.2Community Rank: 4.5Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 3.8 5 -4 -3 -2 -1 -













Magna International (NYSE:MGA) Frequently Asked Questions

Is Magna International a buy right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 2 sell ratings, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Magna International stock. 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 analyst ratings for Magna International
or view top-rated stocks.

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 3,490,000 shares, an increase of 39.6% from the April 15th total of 2,500,000 shares. Based on an average daily trading volume, of 1,680,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.3% of the company's shares are sold short.
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, August 5th 2022.
View our earnings forecast for Magna International
.

How were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) posted its earnings results on Friday, April, 29th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.05 by $0.23. The business had revenue of $9.64 billion for the quarter, compared to analyst estimates of $9.03 billion. Magna International had a trailing twelve-month return on equity of 11.21% and a net margin of 3.54%. The company's quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 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 declared a quarterly dividend on Friday, April 29th. Investors of record on Friday, May 13th will be given a dividend of $0.45 per share on Friday, May 27th. This represents a $1.80 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, May 12th.
View Magna International's dividend history
.

Is Magna International a good dividend stock?

Magna International pays an annual dividend of $1.80 per share and currently has a dividend yield of 2.87%. Magna International 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 of Magna International is 42.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Magna International will have a dividend payout ratio of 24.26% 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 shares split on the morning of 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 closing bell 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 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $37.30 billion-$38.90 billion, compared to the consensus revenue estimate of $43.41 billion.

What price target have analysts set for MGA?

12 Wall Street analysts have issued 1-year target prices for Magna International's shares. Their forecasts range from $63.00 to $100.00. On average, they anticipate Magna International's stock price to reach $78.55 in the next twelve months. This suggests a possible upside of 27.8% 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:
  • Mr. Seetarama Swamy Kotagiri M.Sc., CEO & Director
  • Mr. Vincent Joseph Galifi B.Com., C.A., Pres (Age 62, Pay $2.82M)
  • Mr. Tommy J. Skudutis, Exec. VP & COO
  • Mr. Eric Jon Wilds, Exec. VP of Chief Sales & Marketing Officer
  • Mr. Guenther F. Apfalter, Pres of Magna Europe & Asia (Age 59, Pay $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, Exec. VP & Chief Legal Officer (Age 57)
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 Jarislowsky Fraser Ltd (2.46%), Turtle Creek Asset Management Inc. (0.75%), Toronto Dominion Bank (0.58%), AGF Investments Inc. (0.39%), Sumitomo Mitsui Trust Holdings Inc. (0.32%) and Bank of New York Mellon Corp (0.24%).

Which institutional investors are selling Magna International stock?

MGA stock was sold by a variety of institutional investors in the last quarter, including Jarislowsky Fraser Ltd, Twin Tree Management LP, ARK Investment Management LLC, Bank of New York Mellon Corp, Todd Asset Management LLC, Crossmark Global Holdings Inc., Sumitomo Mitsui Trust Holdings Inc., and Nikko Asset Management Americas Inc..

Which institutional investors are buying Magna International stock?

MGA stock was acquired by a variety of institutional investors in the last quarter, including Turtle Creek Asset Management Inc., PEAK6 Investments LLC, Simplex Trading LLC, Jane Street Group LLC, United Services Automobile Association, US Bancorp DE, NewGen Asset Management Ltd, and AGF Investments 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 $61.47.

How much money does Magna International make?

Magna International has a market capitalization of $17.97 billion and generates $36.24 billion in revenue each year. The company earns $1.51 billion in net income (profit) each year or $4.199990 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.

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 5/21/2022 by MarketBeat.com Staff

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