NYSE:MGA

Magna International Stock Forecast, Price & News

$98.51
+2.45 (+2.55 %)
(As of 05/7/2021 12:00 AM ET)
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Today's Range
$94.91
$98.79
50-Day Range
$86.11
$99.18
52-Week Range
$34.82
$99.71
Volume1.44 million shs
Average Volume1.59 million shs
Market Capitalization$29.63 billion
P/E Ratio67.01
Dividend Yield1.25%
Beta1.61
30 days | 90 days | 365 days | Advanced Chart
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Industry, Sector and Symbol

Industry Motor vehicle parts & accessories
Sub-IndustryN/A
CUSIPN/A
Phone905-726-2462
Employees158,000
Year Founded1957

Sales & Book Value

Annual Sales$39.43 billion
Cash Flow$15.18 per share
Book Value$36.71 per share

Profitability

Net Income$1.77 billion

Debt

Price-To-Earnings

Miscellaneous

Market Cap$29.63 billion
Next Earnings Date8/6/2021 (Estimated)
OptionableOptionable

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Headlines

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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. The company operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. Its Body Exteriors & Structures segment provides body and chassis systems, as well as engineering and testing services; exterior systems, 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; and roof systems, such as modular and textile folding roofs, and hard and soft tops. The company's Power & Vision segment offers dedicated hybrid, dual and e-clutch, and manual transmissions; engine drive plates and accessories; AWD/4WD products, rear drive modules, and hybrid and battery electric drive systems; transmission, engine, and driveline components; advanced driver assistance systems, camera systems, ultrasonic sensors, and electronic controllers; interior and exterior mirrors, actuators, door handles, overhead consoles, and camera monitoring systems; head, tail, and fog lamps; signal and other lighting products; and latching systems, door modules, window systems, power closure systems, hinges and wire forming, and handle assemblies. Its Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The company's Complete Vehicles segment offers vehicle manufacturing and engineering services. It also designs, engineers, and manufactures tooling products. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.

MarketRank

Overall MarketRank

2.00 out of 5 stars

Auto/Tires/Trucks Sector

13th out of 148 stocks

Motor Vehicle Parts & Accessories Industry

8th out of 58 stocks

Analyst Opinion: 2.4Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
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Magna International (NYSE:MGA) Frequently Asked Questions

Is Magna International a buy right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Magna International stock.
View analyst ratings for Magna International
or view top-rated stocks.

What stocks does MarketBeat like better than Magna International?

Wall Street analysts have given Magna International a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Magna International wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Magna International's next earnings date?

Magna International is scheduled to release its next quarterly earnings announcement on Friday, August 6th 2021.
View our earnings forecast for Magna International
.

How were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) issued its earnings results on Thursday, May, 6th. The company reported $1.86 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.57 by $0.29. The firm earned $10.18 billion during the quarter, compared to analysts' expectations of $9.69 billion. Magna International had a trailing twelve-month return on equity of 7.31% and a net margin of 1.46%. The firm's revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS.
View Magna International's earnings history
.

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

Magna International's stock was trading at $40.63 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MGA stock has increased by 142.5% and is now trading at $98.51.
View which stocks have been most impacted by COVID-19
.

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

Magna International announced a quarterly dividend on Friday, May 7th. Investors of record on Friday, May 21st will be paid a dividend of $0.43 per share on Friday, June 4th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, May 20th.
View Magna International's dividend history
.

Is Magna International a good dividend stock?

Magna International pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.25%. Magna International does not yet have a strock track record of dividend growth. The dividend payout ratio of Magna International is 19.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Magna International will have a dividend payout ratio of 20.10% 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 issued shares were issued 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 Thursday, May, 6th. The company provided EPS guidance of - for the period. The company issued revenue guidance of $40.20 billion-$41.80 billion, compared to the consensus revenue estimate of $40.65 billion.

What price target have analysts set for MGA?

13 analysts have issued 1 year target prices for Magna International's shares. Their forecasts range from $60.00 to $111.00. On average, they expect Magna International's share price to reach $84.86 in the next twelve months. This suggests that the stock has a possible downside of 13.9%.
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, CEO, Pres & Director
  • Mr. Vincent Joseph Galifi B.Com., C.A., Exec. VP & CFO (Age 61, Pay $2.12M)
  • Mr. Tommy J. Skudutis, Exec. VP & COO
  • Mr. Guenther F. Apfalter, Pres of Magna Europe & Asia (Age 58, Pay $1.54M)
  • Mr. Boris Shulkin, Exec. VP of Technology & Investments
  • Mr. Louis Tonelli, VP of Investor Relations
  • Mr. Bruce R. Cluney, Exec. VP & Chief Legal Officer (Age 56) (LinkedIn Profile)
  • Joanne N. Horibe, Chief Compliance Officer
  • Ms. Tracy Fuerst, VP of Corp. Communications & PR
  • Mr. Eric Jon Wilds, Exec. VP and Chief Sales & Marketing Officer (LinkedIn Profile)

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 (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 retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.39%), Sound Shore Management Inc CT (0.38%), Miller Howard Investments Inc. NY (0.30%), QV Investors Inc. (0.16%), Todd Asset Management LLC (0.15%) and Marathon Asset Management LLP (0.10%).

Which institutional investors are selling Magna International stock?

MGA stock was sold by a variety of institutional investors in the last quarter, including Sound Shore Management Inc CT , Todd Asset Management LLC, Miller Howard Investments Inc. NY, US Bancorp DE, Crossmark Global Holdings Inc., Janney Montgomery Scott LLC, Aviance Capital Partners LLC, and Nisa Investment Advisors LLC.

Which institutional investors are buying Magna International stock?

MGA stock was acquired by a variety of institutional investors in the last quarter, including QV Investors Inc., Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., Hillsdale Investment Management Inc., Meritage Portfolio Management, HighPoint Advisor Group LLC, GWM Advisors LLC, and Prime Capital Investment Advisors 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 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 $98.51.

How much money does Magna International make?

Magna International has a market capitalization of $29.63 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.

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 or via email at [email protected]


This page was last updated on 5/9/2021 by MarketBeat.com Staff
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