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NYSE:MGA

Magna International Stock Forecast, Price & News

$54.77
-1.06 (-1.90 %)
(As of 10/23/2020 12:00 AM ET)
Add
Compare
Today's Range
$54.73
Now: $54.77
$56.66
50-Day Range
$43.48
MA: $49.01
$55.83
52-Week Range
$22.75
Now: $54.77
$57.09
Volume1.11 million shs
Average Volume1.03 million shs
Market Capitalization$16.38 billion
P/E RatioN/A
Dividend Yield2.87%
Beta1.62
Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers (OEMs) of vehicles and light trucks worldwide. The company operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment provides body systems, chassis systems, and ?engineering and testing; exterior systems, including ?fascia and trims, ?front end modules, liftgate and door modules, ?active aerodynamics, ?lightweight composites, sealing systems, ?engineered glass, and running board and roof racks; and roof systems, such as sliding folding and modular roofs, and retractable hard tops and soft tops. The Power & Vision segment offers dedicated hybrid, dual clutch, hybrid dual clutch, and manual transmissions; ?driveline systems; metal-forming solutions; engineering services; driver assistance systems; front, rear, and surround camera systems, as well as ultrasonic sensors, ICON RADAR, and LiDAR; electronic controllers; interior and exterior mirrors, actuators, door handles, and overhead consoles; latching systems, ?door modules, ?window systems, ?power closure systems, ?hinges and wire forming rods, and ?handle assemblies; and head, ?tail, and ?fog lamps, and ?other lighting products. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle manufacturing and engineering services. The company serves OEMs and automobile manufacturers. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.
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Magna International logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.05 out of 5 stars

Industry, Sector and Symbol

Industry Motor vehicle parts & accessories
Sub-IndustryN/A
CUSIPN/A
Phone905-726-2462
Employees165,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$39.43 billion
Cash Flow$11.83 per share
Book Value$36.71 per share

Profitability

Net Income$1.77 billion

Miscellaneous

Market Cap$16.38 billion
Next Earnings Date11/6/2020 (Confirmed)
OptionableOptionable
$54.77
-1.06 (-1.90 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Magna International (NYSE:MGA) Frequently Asked Questions

How has Magna International's stock been impacted by Coronavirus?

Magna International's stock was trading at $40.63 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MGA shares have increased by 34.8% and is now trading at $54.77.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Magna International?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 6 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Magna International
.

When is Magna International's next earnings date?

Magna International is scheduled to release its next quarterly earnings announcement on Friday, November 6th 2020.
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, November 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) announced its quarterly earnings data on Friday, August, 7th. The company reported ($1.71) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($2.03) by $0.32. The firm earned $4.29 billion during the quarter, compared to analysts' expectations of $4.15 billion. Magna International had a positive return on equity of 5.84% and a negative net margin of 0.57%. The business's revenue for the quarter was down 57.6% on a year-over-year basis. During the same quarter last year, the business posted $1.59 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 Monday, August 10th. Shareholders of record on Friday, August 21st will be given a dividend of $0.40 per share on Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, August 20th.
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 before market open on Thursday, March 26th 2015. The 2-1 split was announced on Wednesday, February 25th 2015. The newly minted shares were issued 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 issued an update on its FY 2020 Pre-Market earnings guidance on Friday, August, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $30-32 billion, compared to the consensus revenue estimate of $30.3 billion.

What price target have analysts set for MGA?

14 brokerages have issued 1 year target prices for Magna International's stock. Their forecasts range from $35.00 to $69.00. On average, they anticipate Magna International's stock price to reach $54.93 in the next year. This suggests a possible upside of 0.3% from the stock's current price.
View analysts' price targets for Magna International
.

Who are some of Magna International's key competitors?

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

Who are Magna International's key executives?

Magna International's management team includes the following people:
  • Mr. Donald James Walker P.Eng., CEO & Director (Age 63, Pay $6.31M)
  • Mr. Seetarama Swamy Kotagiri, Pres and Pres of Magna Power & Vision
  • Mr. Vincent Joseph Galifi B.Com., C.A., Exec. VP & CFO (Age 60, Pay $2.83M)
  • Mr. Tommy J. Skudutis, Exec. VP, COO and Pres of Body Exteriors, Structures & Seating Systems
  • Mr. James J. Tobin Sr., Exec. VP
  • Mr. Louis Tonelli, VP of Investor Relations
  • Mr. Bruce R. Cluney, Exec. VP & Chief Legal Officer (Age 55)
  • Joanne N. Horibe, Chief Compliance Officer
  • Ms. Tracy Fuerst, VP of Corp. Communications & PR
  • Mr. Eric Jon Wilds Wilds, Exec. VP and Chief Sales & Marketing Officer

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 institutional and retail investors. Top institutional shareholders include QV Investors Inc. (0.19%), DNB Asset Management AS (0.07%), Kendall Capital Management (0.01%), Crossmark Global Holdings Inc. (0.01%), Busey Wealth Management (0.01%) and Baystate Wealth Management LLC (0.01%).

Which institutional investors are selling Magna International stock?

MGA stock was sold by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., James Investment Research Inc., DNB Asset Management AS, QV Investors Inc., Baystate Wealth Management LLC, Cardinal Capital Management Inc., Kendall Capital Management, and Busey Wealth Management.

Which institutional investors are buying Magna International stock?

MGA stock was purchased by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC, and Copper Rock Capital Partners LLC.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Magna International's stock price today?

One share of MGA stock can currently be purchased for approximately $54.77.

How big of a company is Magna International?

Magna International has a market capitalization of $16.38 billion and generates $39.43 billion in revenue each year. The company earns $1.77 billion in net income (profit) each year or $6.05 on an earnings per share basis. Magna International employs 165,000 workers across the globe.

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 or via email at [email protected]

This page was last updated on 10/23/2020 by MarketBeat.com Staff

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