NYSE:MGA Magna International - MGA Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Magna International Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $62.05 +0.91 (+1.49%) (As of 01/26/2023 12:00 AM ET) Add Compare Share Share Today's Range$61.07▼$62.2250-Day Range$55.05▼$65.4652-Week Range$45.58▼$83.68Volume867,358 shsAverage Volume1.09 million shsMarket Capitalization$17.74 billionP/E Ratio19.27Dividend Yield2.94%Price Target$69.15 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Magna International MarketRank™ ForecastAnalyst RatingHold2.29 Rating ScoreUpside/Downside10.6% Upside$68.62 Price TargetShort InterestHealthy1.41% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment-0.07Based on 10 Articles This WeekInsider TradingN/AProj. Earnings Growth30.84%From $4.54 to $5.94 Per ShareSee Full Details Hide Full Details 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 starsAuto/Tires/Trucks Sector1st out of 100 stocksMotor Vehicle Parts & Accessories Industry1st out of 34 stocks 3.1 Analyst's Opinion Consensus RatingMagna International has received a consensus rating of Hold. The company's average rating score is 2.21, and is based on 5 buy ratings, 7 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $68.62, Magna International has a forecasted upside of 10.6% from its current price of $62.05.Amount of Analyst CoverageMagna International has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.41% of the float of Magna International has been sold short.Short Interest Ratio / Days to CoverMagna International has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Magna International has recently decreased by 10.29%, indicating that investor sentiment is improving significantly. Previous Next 4.2 Dividend Strength Dividend YieldMagna International pays a meaningful dividend of 2.94%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMagna International has been increasing its dividend for 13 years.Dividend CoverageThe dividend payout ratio of Magna International is 55.90%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Magna International will have a dividend payout ratio of 30.30% next year. This indicates that Magna International will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MGA. Previous Next 2.2 News and Social Media Coverage News SentimentMagna International has a news sentiment score of -0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Auto/Tires/Trucks companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Magna International this week, compared to 2 articles on an average week.Search Interest46 people have searched for MGA on MarketBeat in the last 30 days. This is an increase of 207% compared to the previous 30 days.MarketBeat Follows11 people have added Magna International to their MarketBeat watchlist in the last 30 days. This is an increase of 120% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Magna International insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.50% of the stock of Magna International is held by insiders.Percentage Held by Institutions59.63% of the stock of Magna International is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 4.4 Earnings and Valuation Earnings GrowthEarnings for Magna International are expected to grow by 30.84% in the coming year, from $4.54 to $5.94 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magna International is 19.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.52.Price to Earnings Ratio vs. SectorThe P/E ratio of Magna International is 19.27, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 26.53.Price to Earnings Growth RatioMagna International has a PEG Ratio of 0.75. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioMagna International has a P/B Ratio of 1.51. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Magna International (NYSE:MGA) StockMagna 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.Read More Receive MGA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Magna International and its competitors with MarketBeat's FREE daily newsletter. Email Address MGA Stock News HeadlinesJanuary 26, 2023 | americanbankingnews.comMagna International (NYSE:MGA) Shares Gap Down to $65.46January 26, 2023 | americanbankingnews.comMagna International (NYSE:MGA) Lowered to "Hold" at TD SecuritiesJanuary 27, 2023 | Porter & Company (Ad)The Next Big Crisis Is HereYou 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.January 26, 2023 | americanbankingnews.comMagna International Inc. (NYSE:MGA) Given Average Recommendation of "Hold" by BrokeragesJanuary 25, 2023 | msn.com9 Analysts Have This to Say About Magna InternationalJanuary 24, 2023 | msn.comMagna International drags on auto supplier sector with weak guidance updateJanuary 24, 2023 | msn.comMagna stock slumps after management reels in margin forecastJanuary 24, 2023 | finance.yahoo.comCANADA STOCKS-Energy, consumer weigh on Toronto stocks ahead of BoC decisionJanuary 27, 2023 | Porter & Company (Ad)The Next Big Crisis Is HereYou 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.January 18, 2023 | finance.yahoo.comMagna’s ClearView™ Vision System Comes to Market on Ram TrucksJanuary 10, 2023 | finance.yahoo.comIs Magna International (MGA) an Attractive Investment?January 9, 2023 | markets.businessinsider.comWhat 7 Analyst Ratings Have To Say About Magna InternationalDecember 27, 2022 | seekingalpha.comMagna International: Chugging AlongDecember 22, 2022 | finance.yahoo.comMagna (MGA) to Rev Up ADAS Business With $1.5B Buyout DealDecember 21, 2022 | finance.yahoo.comMagna Morphing Surfaces Technology Offers New Possibilities in Automotive DesignDecember 20, 2022 | msn.comCramer's lighting round: Magna worries meDecember 20, 2022 | msn.comMagna International Strengthens Driver-Assistance Business With $1.53 Billion Acquisition Deal for Veoneer Active SafetyDecember 20, 2022 | finanznachrichten.deMagna International Inc.: Magna to Acquire Veoneer Active Safety BusinessDecember 20, 2022 | msn.comMagna to acquire Veoneer Active Safety Business for $1.525BDecember 20, 2022 | markets.businessinsider.comMagna International To Acquire Veoneer Active Safety Business For $1.52 Bln In CashDecember 20, 2022 | finance.yahoo.comMagna to Acquire Veoneer Active Safety BusinessDecember 20, 2022 | finance.yahoo.comUPDATE 2-Magna to buy Veoneer Active Safety for $1.53 bln to bolster self-driving techDecember 20, 2022 | ca.finance.yahoo.comMagna to buy Veoneer Active Safety for $1.53 billion to bolster self-driving techDecember 20, 2022 | finance.yahoo.comMagna International to Buy Veoneer Active Safety for $1.5 BillionDecember 20, 2022 | finance.yahoo.comMagna International buying Veoneer Active Safety business for $1.525 blnDecember 17, 2022 | thestreet.comMagna International Stock To Go Ex-dividend Tomorrow (MGA)December 16, 2022 | finance.yahoo.comTesla and GM Are Betting Their Future on Electric Vehicles. Foxconn and Magna Want a Piece of the Action.See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MGA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Magna International and its competitors with MarketBeat's FREE daily newsletter. Email Address MGA Company Calendar Last Earnings11/04/2022Ex-Dividend for 12/2 Dividend11/17/2022Dividend Payable12/02/2022Today1/26/2023Next Earnings (Confirmed)2/10/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Motor vehicle parts & accessories Sub-IndustryN/A SectorAuto/Tires/Trucks Current SymbolNYSE:MGA CUSIPN/A CIK749098 Webwww.magna.com Phone(905) 726-2462Fax905-726-7164Employees158,000Year Founded1957Price 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 RatingHold Rating Score (0-4)2.29 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)$3.22 Trailing P/E Ratio19.27 Forward P/E Ratio13.67 P/E Growth0.75Net Income$1.51 billion Net Margins2.57% Pretax Margin3.50% Return on Equity11.41% Return on Assets4.74% Debt Debt-to-Equity Ratio0.31 Current Ratio1.27 Quick Ratio0.86 Sales & Book Value Annual Sales$36.24 billion Price / Sales0.49 Cash Flow$10.74 per share Price / Cash Flow5.78 Book Value$41.04 per share Price / Book1.51Miscellaneous Outstanding Shares285,932,000Free Float284,502,000Market Cap$17.74 billion OptionableOptionable Beta1.53 Social Links Key ExecutivesSeetarama KotagiriChief Executive Officer & DirectorVincent J. GalifiPresidentTommy J. SkudutisChief Operating Officer & Executive Vice PresidentPatrick W. D. McCannChief Financial Officer & Executive Vice PresidentAnton MayerChief Technology Officer & Executive VPKey CompetitorsBorgWarnerNYSE:BWALearNYSE:LEAAutolivNYSE:ALVGentexNASDAQ:GNTXRivian AutomotiveNASDAQ:RIVNView All CompetitorsInsiders & InstitutionsARK Investment Management LLCSold 25,328 shares on 1/24/2023Ownership: 0.114%Lyell Wealth Management LPBought 4,000 shares on 1/24/2023Ownership: 0.001%QV Investors Inc.Sold 16,710 shares on 1/23/2023Ownership: 0.172%Busey Wealth ManagementSold 397 shares on 1/23/2023Ownership: 0.004%Stanley Laman Group Ltd.Bought 192 shares on 1/19/2023Ownership: 0.018%View All Institutional Transactions 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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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