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NYSE:MGA - Magna International Stock Price, Forecast & News

$51.55
-0.92 (-1.75 %)
(As of 02/23/2020 09:28 AM ET)
Today's Range
$51.28
Now: $51.55
$53.61
50-Day Range
$50.69
MA: $52.56
$54.84
52-Week Range
$42.51
Now: $51.55
$57.09
Volume1.39 million shs
Average Volume621,461 shs
Market Capitalization$15.63 billion
P/E Ratio9.39
Dividend Yield2.78%
Beta1.51
Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia Pacific, and internationally. The Body Exteriors & Structures segment provides body structures; chassis structures, such as frame and structural assemblies, chassis subframes, and suspension systems; exterior systems and modules, including hoods, roofs, door panels, front end modules, liftgate modules, polycarbonate roof panels, liftgate sensor integration systems, and fascia; trim and automotive jewelry comprises engineered glass, trim and roof racks, and running boards; non-visible and visible active grille shutters, active air deflectors, and underbody panels; and fuel systems, pipes and components, and alternative energy storage systems. Read More…

Industry, Sector and Symbol

Industry Motor vehicle parts & accessories
Sub-IndustryN/A
SectorAuto/Tires/Trucks
CUSIPN/A
Phone905-726-2462

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$40.83 billion
Cash Flow$11.35 per share
Book Value$34.09 per share

Profitability

Net Income$2.30 billion

Miscellaneous

Employees174,000
Market Cap$15.63 billion
Next Earnings Date5/14/2020 (Estimated)
OptionableOptionable

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Magna International (NYSE:MGA) Frequently Asked Questions

What is Magna International's stock symbol?

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

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

Magna International declared a quarterly dividend on Friday, February 21st. Shareholders of record on Friday, March 6th will be given a dividend of $0.40 per share on Friday, March 20th. This represents a $1.60 dividend on an annualized basis and a yield of 3.10%. This is an increase from Magna International's previous quarterly dividend of $0.37. 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 Thursday, March 26th 2015. The 2-1 split was announced on Wednesday, February 25th 2015. The newly issued shares were distributed 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.

How were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) released its quarterly earnings data on Friday, February, 21st. The company reported $1.41 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.32 by $0.09. The firm earned $9.40 billion during the quarter, compared to analysts' expectations of $9.11 billion. Magna International had a net margin of 4.43% and a return on equity of 17.59%. Magna International's revenue for the quarter was down 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.63 EPS. View Magna International's Earnings History.

When is Magna International's next earnings date?

Magna International is scheduled to release their next quarterly earnings announcement on Thursday, May 14th 2020. View Earnings Estimates for Magna International.

What guidance has Magna International issued on next quarter's earnings?

Magna International updated its FY 2020 Pre-Market earnings guidance on Friday, February, 21st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $38-40 billion, compared to the consensus revenue estimate of $39.33 billion.

What price target have analysts set for MGA?

14 brokerages have issued twelve-month target prices for Magna International's stock. Their forecasts range from $42.00 to $76.00. On average, they expect Magna International's stock price to reach $57.82 in the next year. This suggests a possible upside of 12.2% from the stock's current price. View Analyst Price Targets for Magna International.

What is the consensus analysts' recommendation for Magna International?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 1 sell rating, 8 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Magna International.

What are Wall Street analysts saying about Magna International stock?

Here are some recent quotes from research analysts about Magna International stock:
  • 1. According to Zacks Investment Research, "Magna focuses on innovation and technology development for growth and program launches across its business segments to meet the rising demand for crossover & SUVs. It is expanding its business through joint ventures and hub openings while divesting non-core units. Further, strong cash flow aids Magna to engage in share buybacks and regular dividend payouts in almost every quarter. However, fluctuating foreign currencies and a stronger U.S. dollar along with customer price concessions are likely to hurt the bottom line. Soaring commodity and launch costs, and operational inefficiencies in the seating segment is also a concern. Material decline in global GDP or light vehicle production is expected to negatively weigh on investor sentiments. Other headwinds include, declining consolidated revenues and EBIT margin projections for full-year 2019." (1/15/2020)
  • 2. Evercore ISI analysts commented, "We reiterate our MGA PT) based on a reduced secular story (ADAS L2.5+ execution worrying; Electrification/Powertrain continuing to be a 4 letter word globally for suppliers), but highlight that MGA’s historical PE trading range of 6.0-8.5x fwd would argue the stock now sits right below the middle of its trading range and hedge funds may cover shorts and move on to the next supplier with wobbly guidance outlook." (8/11/2019)

Has Magna International been receiving favorable news coverage?

Media coverage about MGA stock has trended positive recently, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Magna International earned a coverage optimism score of 2.1 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Magna International.

Are investors shorting Magna International?

Magna International saw a increase in short interest in January. As of January 31st, there was short interest totalling 2,100,000 shares, an increase of 8.2% from the January 15th total of 1,940,000 shares. Based on an average trading volume of 709,300 shares, the short-interest ratio is currently 3.0 days. Approximately 0.7% of the shares of the company are short sold. View Magna International's Current Options Chain.

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), Micron Technology (MU), Broadcom (AVGO), CA (CA), Alibaba Group (BABA), Intel (INTC), BlackRock (BLK), Lam Research (LRCX) and NVIDIA (NVDA).

Who are Magna International's key executives?

Magna International's management team includes the folowing people:
  • Mr. Donald James Walker P.Eng., CEO & Director (Age 62)
  • Mr. Vincent Joseph Galifi B.Com., C.A., Exec. VP & CFO (Age 59)
  • Mr. Tommy J. Skudutis, Exec. VP & COO
  • Mr. Seetarama Swamy Kotagiri, Exec. VP, CTO and Pres of Magna Power & Vision
  • Mr. James J. Tobin Sr., Chief Marketing Officer & Pres of Magna Asia

Who are Magna International's major shareholders?

Magna International's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Toronto Dominion Bank (0.61%), Schroder Investment Management Group (0.50%), Turtle Creek Asset Management Inc. (0.47%), Sumitomo Mitsui Trust Holdings Inc. (0.45%), Miller Howard Investments Inc. NY (0.41%) and Cardinal Capital Management Inc. (0.37%).

Which institutional investors are selling Magna International stock?

MGA stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Cardinal Capital Management Inc., Cornerstone Investment Partners LLC, QV Investors Inc., Toronto Dominion Bank, Miller Howard Investments Inc. NY, Turtle Creek Asset Management Inc. and US Bancorp DE.

Which institutional investors are buying Magna International stock?

MGA stock was acquired by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Adams Diversified Equity Fund Inc., Schroder Investment Management Group, Connor Clark & Lunn Investment Management Ltd., Geode Capital Management LLC, PCJ Investment Counsel Ltd., DNB Asset Management AS and Mitsubishi UFJ Trust & Banking Corp.

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 $51.55.

How big of a company is Magna International?

Magna International has a market capitalization of $15.63 billion and generates $40.83 billion in revenue each year. The company earns $2.30 billion in net income (profit) each year or $6.05 on an earnings per share basis. Magna International employs 174,000 workers across the globe.View Additional Information About Magna International.

What is Magna International's official website?

The official website for Magna International is http://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]


MarketBeat Community Rating for Magna International (NYSE MGA)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  597 (Vote Outperform)
Underperform Votes:  551 (Vote Underperform)
Total Votes:  1,148
MarketBeat's community ratings are surveys of what our community members think about Magna International and other stocks. Vote "Outperform" if you believe MGA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGA will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/23/2020 by MarketBeat.com Staff

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