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NYSE:MGA

Magna International Stock Forecast, Price & News

$88.65
+2.28 (+2.64 %)
(As of 03/3/2021 05:19 PM ET)
Add
Compare
Today's Range
$86.60
Now: $88.65
$89.88
50-Day Range
$69.80
MA: $77.12
$86.82
52-Week Range
$22.75
Now: $88.65
$89.88
Volume2.73 million shs
Average Volume1.65 million shs
Market Capitalization$26.67 billion
P/E Ratio60.31
Dividend Yield1.85%
Beta1.61
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.
Magna International logo

Headlines

How Magna International Beat Expectations in Q4
February 19, 2021 |  finance.yahoo.com
Why Magna International Stock Is Higher Today
February 19, 2021 |  finance.yahoo.com
Magna International's Earnings: A Preview
February 18, 2021 |  benzinga.com
MGA vs. GNTX: Which Stock Is the Better Value Option?
February 11, 2021 |  finance.yahoo.com
Toyota (TM) to Report Q3 Earnings: What's in the Offing?
February 9, 2021 |  finance.yahoo.com
Where to Look for the Best Electric-Vehicle Stocks Now
February 6, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Motor vehicle parts & accessories
Sub-IndustryN/A
CUSIPN/A
Phone905-726-2462
Employees157,000
Year Founded1957

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$39.43 billion
Cash Flow$13.66 per share
Book Value$36.71 per share

Profitability

Net Income$1.77 billion

Miscellaneous

Market Cap$26.67 billion
Next Earnings Date5/6/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.15 out of 5 stars

Auto/Tires/Trucks Sector

9th out of 148 stocks

Motor Vehicle Parts & Accessories Industry

6th out of 58 stocks

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
$88.65
+2.28 (+2.64 %)
(As of 03/3/2021 05:19 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Magna International (NYSE:MGA) Frequently Asked Questions

Is Magna International a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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 Thursday, May 6th 2021.
View our earnings forecast for Magna International
.

How were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) posted its quarterly earnings data on Thursday, February, 18th. The company reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.80. The company earned $10.57 billion during the quarter, compared to the consensus estimate of $10.22 billion. Magna International had a net margin of 1.46% and a trailing twelve-month return on equity of 7.31%. The firm's revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $1.41 earnings per share.
View Magna International's earnings history
.

How has Magna International's stock been impacted by COVID-19?

Magna International's stock was trading at $40.63 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MGA shares have increased by 118.0% and is now trading at $88.58.
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 Monday, February 22nd. Investors of record on Friday, March 5th will be paid a dividend of $0.43 per share on Friday, March 19th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Thursday, March 4th. This is an increase from Magna International's previous quarterly dividend of $0.40.
View Magna International's dividend history
.

Is Magna International a good dividend stock?

Magna International pays an annual dividend of $1.60 per share and currently has a dividend yield of 1.86%. Magna International does not yet have a strock track record of dividend growth. The dividend payout ratio of Magna International is 26.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Magna International will have a dividend payout ratio of 26.80% 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 created 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 Pre-Market earnings guidance on Friday, February, 19th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $40-41.6 billion, compared to the consensus revenue estimate of $38.45 billion.

What price target have analysts set for MGA?

13 brokers have issued twelve-month price targets for Magna International's stock. Their forecasts range from $35.00 to $100.00. On average, they expect Magna International's share price to reach $74.86 in the next twelve months. This suggests that the stock has a possible downside of 15.5%.
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 & Director
  • Mr. Vincent Joseph Galifi B.Com., C.A., Exec. VP & CFO (Age 61, Pay $2.83M)
  • Mr. Tommy J. Skudutis, Exec. VP, COO and Pres of Body Exteriors, Structures & Seating Systems
  • Mr. Boris Shulkin, Sr. VP of Technology & Devel.
  • 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 Wilds, Exec. VP and Chief Sales & Marketing Officer (LinkedIn Profile)
  • Mr. Aaron David McCarthy, Exec. VP & Chief HR 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 investors include Caisse DE Depot ET Placement DU Quebec (1.48%), Toronto Dominion Bank (0.61%), Sound Shore Management Inc. CT (0.46%), Schroder Investment Management Group (0.37%), Schroder Investment Management Group (0.37%) and Sumitomo Mitsui Trust Holdings Inc. (0.34%).

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, Sumitomo Mitsui Trust Holdings Inc., DNB Asset Management AS, Schroder Investment Management Group, Schroder Investment Management Group, Marathon Asset Management LLP, Achmea Investment Management B.V., and Bank of New York Mellon Corp.

Which institutional investors are buying Magna International stock?

MGA stock was bought by a variety of institutional investors in the last quarter, including Caisse DE Depot ET Placement DU Quebec, Prime Capital Investment Advisors LLC, Barometer Capital Management Inc., Twin Tree Management LP, Zurich Insurance Group Ltd FI, Nisa Investment Advisors LLC, Toronto Dominion Bank, and SG Americas Securities 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 $88.58.

How much money does Magna International make?

Magna International has a market capitalization of $26.64 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 157,000 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 3/3/2021 by MarketBeat.com Staff

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