Magna International - MGA Stock Forecast, Price & News

14 Wall Street equities 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 equities 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.
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14 equities research analysts have issued twelve-month target prices for Magna International's stock. Their MGA share price forecasts range from $58.00 to $106.00. On average, they expect the company's stock price to reach $72.77 in the next twelve months. This suggests a possible upside of 21.1% from the stock's current price.
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Magna International's stock was trading at $80.94 at the beginning of 2022. Since then, MGA stock has decreased by 25.8% and is now trading at $60.07.
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Magna International saw a increase in short interest during the month of 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 days-to-cover ratio is presently 5.5 days. Currently, 2.1% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 10th 2023.
View our MGA earnings forecast.

Magna International Inc. (NYSE:MGA) announced its quarterly earnings results 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 11.41% and a net margin of 2.57%. The firm's quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 earnings per share.

Magna International declared a quarterly dividend on Friday, November 4th. Investors 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 3.00%. The ex-dividend date of this dividend is Thursday, November 17th.
Read our dividend analysis for MGA.

Magna International (NYSE:MGA) pays an annual dividend of $1.77 per share and currently has a dividend yield of 2.87%. 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 54.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGA will have a dividend payout ratio of 29.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGA.

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.

Magna International updated its FY 2022 earnings guidance on Friday, November, 18th. The company provided earnings per share (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.

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).

Magna International trades on the New York Stock Exchange (NYSE) under the ticker symbol "MGA."

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%).

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.
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One share of MGA stock can currently be purchased for approximately $60.07.

Magna International (NYSE:MGA) has a market capitalization of $17.17 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.

The company employs 158,000 workers across the globe.

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.