Magna International - MGA Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 2 sell ratings, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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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11 equities research analysts have issued 1 year target prices for Magna International's stock. Their MGA share price forecasts range from $63.00 to $100.00. On average, they expect the company's stock price to reach $76.55 in the next year. This suggests a possible upside of 17.2% from the stock's current price.
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Magna International's stock was trading at $80.94 on January 1st, 2022. Since then, MGA stock has decreased by 19.3% and is now trading at $65.30.
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Magna International saw a increase in short interest in June. As of June 30th, there was short interest totaling 4,200,000 shares, an increase of 31.7% from the June 15th total of 3,190,000 shares. Based on an average daily volume of 1,170,000 shares, the short-interest ratio is presently 3.6 days. Currently, 1.6% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our MGA earnings forecast.

Magna International Inc. (NYSE:MGA) issued its quarterly earnings data 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 had revenue of $7.92 billion for the quarter, compared to analysts' expectations of $7.85 billion. Magna International had a net margin of 1.90% and a trailing twelve-month return on equity of 9.94%. Magna International's quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.95 earnings per share.

Magna International declared a quarterly dividend on Friday, July 29th. Stockholders of record on Friday, August 12th will be paid a dividend of $0.45 per share on Friday, August 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Thursday, August 11th.
Read our dividend analysis for MGA.

Magna International (NYSE:MGA) pays an annual dividend of $1.80 per share and currently has a dividend yield of 2.78%. 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 79.65%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MGA will have a dividend payout ratio of 25.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGA.

Magna International shares split before market open on 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 stock prior to the split would have 200 shares after the split.

Magna International updated its FY 2022 earnings guidance on Friday, August, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $37.60 billion-$39.20 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 number of retail and institutional investors. Top institutional shareholders include Jarislowsky Fraser Ltd (2.87%), Turtle Creek Asset Management Inc. (0.76%), Toronto Dominion Bank (0.61%), Sumitomo Mitsui Trust Holdings Inc. (0.34%), QV Investors Inc. (0.18%) and Russell Investments Group Ltd. (0.18%).

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 $65.30.

Magna International (NYSE:MGA) has a market capitalization of $18.87 billion and generates $36.24 billion in revenue each year. The company earns $1.51 billion in net income (profit) each year or $2.26 on an earnings per share basis.

The company employs 158,000 workers across the globe.

Magna International was founded in 1957.

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.