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TSE:MG

Magna International (MG) Stock Forecast, Price & News

C$70.72
+2.35 (+3.44%)
(As of 06/6/2023 ET)
Compare
Today's Range
C$68.09
▼
C$70.93
50-Day Range
C$65.59
▼
C$73.29
52-Week Range
C$63.55
▼
C$91.74
Volume
634,198 shs
Average Volume
916,862 shs
Market Capitalization
C$20.23 billion
P/E Ratio
33.20
Dividend Yield
3.51%
Price Target
C$70.20
ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media

Magna International MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
0.7% Downside
C$70.20 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.99mentions of Magna International in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.81 out of 5 stars

See Top Rated MarketRank™ Stocks Here

MG stock logo

About Magna International (TSE:MG) Stock

Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment provides body and chassis, exterior, and roof systems, as well as battery enclosures and engineering and testing services, 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. The Power & Vision segment offers hybrid and electric drive systems, motors, inverters, onboard chargers, and e-clutch; dedicated hybrid, dual and hybrid dual, and manual transmissions; AWD/4WD products and rear drive modules; transmission, engine, driveline components, engine drive plates, and accessories; engineering services; advanced driver assistance systems and sensors, and electronic control units; interior and exterior mirrors, camera and driver monitoring systems and electronics, actuators, door handles, and overhead consoles; forward, rear, and auxiliary lighting products; latching, door modules, window, power closure, and hinges and wire forming systems; and modular and textile folding roofs, and hard and soft tops. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle engineering and manufacturing services. The company also designs, engineers, and manufactures tooling products. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.

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MG Stock News Headlines

June 5, 2023 | ca.finance.yahoo.com
2 Cyclical Stocks to Buy Before the Next Bull Market
June 1, 2023 | finance.yahoo.com
Magna Completes Acquisition of Veoneer Active Safety Business
June 6, 2023 | Behind the Markets (Ad)
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
May 28, 2023 | msn.com
Magna International: Driving the Future of Electric Vehicles?
May 25, 2023 | ca.finance.yahoo.com
Magna International Stock: A Strong Investment in the Automotive Industry
May 24, 2023 | msn.com
Can You Make Money in Magna Stock?
May 17, 2023 | msn.com
3 Canadian Stocks to Buy Ahead of an Inevitable Bull Market
May 17, 2023 | americanbankingnews.com
Analysts Set Magna International Inc. (TSE:MG) PT at C$70.50
June 6, 2023 | Behind the Markets (Ad)
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
May 13, 2023 | americanbankingnews.com
Raymond James Research Analysts Boost Earnings Estimates for Magna International Inc. (TSE:MG)
May 11, 2023 | americanbankingnews.com
Magna International (TSE:MG) Price Target Raised to C$54.00
May 10, 2023 | americanbankingnews.com
Brokers Issue Forecasts for Magna International Inc.'s Q2 2023 Earnings (TSE:MG)
May 8, 2023 | baystreet.ca
Magna International’s Q1 Profit Falls 43% To $209 Million
May 7, 2023 | americanbankingnews.com
Magna International Inc. (MG) To Go Ex-Dividend on May 18th
May 6, 2023 | theglobeandmail.com
Magna International reports Q1 profit down from year ago, sales up 11 per cent
May 5, 2023 | marketwatch.com
Magna International Inc. stock rises Friday, outperforms market
May 5, 2023 | benzinga.com
Magna International shares are trading higher after the company reported better-than-expected Q1 financial results and raised FY23 revenue guidance.
May 5, 2023 | theglobeandmail.com
Magna International reports Q1 profit down from year ago, sales up 11%
May 3, 2023 | americanbankingnews.com
Magna International (MG) Set to Announce Earnings on Friday
May 1, 2023 | theglobeandmail.com
Closing Bell: Magna International Inc down on Monday (MG)
April 28, 2023 | ca.finance.yahoo.com
The 2 Best Canadian Stocks to Buy Before a Recession Recovery
April 28, 2023 | theglobeandmail.com
Closing Bell: Magna International Inc up on Friday (MG)
April 28, 2023 | msn.com
Mobileye shares sink as China EV demand ebbs
April 27, 2023 | theglobeandmail.com
Closing Bell: Magna International Inc down on Thursday (MG)
April 27, 2023 | msn.com
Magna Stock Is Too Cheap and Still Has Room to Rev
April 26, 2023 | theglobeandmail.com
Closing Bell: Magna International Inc down on Wednesday (MG)
April 26, 2023 | marketwatch.com
Magna International Inc. stock outperforms market despite losses on the day
See More Headlines

MG Price History

MG Company Calendar

Ex-Dividend for 3/10 Dividend
2/23/2023
Dividend Payable
3/10/2023
Ex-Dividend for 6/2 Dividend
5/18/2023
Dividend Payable
6/02/2023
Today
6/06/2023
Next Earnings (Estimated)
8/04/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Auto Parts
Sub-Industry
N/A
Sector
Consumer Cyclical
Current Symbol
TSE:MG
Previous Symbol
TSE:MG.A
CUSIP
N/A
CIK
N/A
Web
www.magna.com
Phone
+1-905-7262462
Fax
N/A
Employees
161,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$70.20
High Stock Price Forecast
C$83.00
Low Stock Price Forecast
C$54.00
Forecasted Upside/Downside
-0.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$2.13
Trailing P/E Ratio
32.98
Forward P/E Ratio
12.74
P/E Growth
0.63
Net Income
C$437 million
Net Margins
1.12%
Pretax Margin
N/A
Return on Equity
4.07%
Return on Assets
3.13%

Debt

Debt-to-Equity Ratio
58.97
Current Ratio
1.26
Quick Ratio
0.83

Sales & Book Value

Annual Sales
C$38.87 billion
Price / Sales
0.52
Cash Flow
C$3.42 per share
Price / Cash Flow
20.54
Book Value
C$38.75 per share
Price / Book
1.81

Miscellaneous

Outstanding Shares
286,100,000
Free Float
N/A
Market Cap
C$20.10 billion
Optionable
Optionable
Beta
1.63

Key Executives

  • Mr. Seetarama Swamy Kotagiri M.Sc.
    CEO & Director
  • Mr. Vincent Joseph Galifi B.Com. (Age 63)
    C.A., Pres
    Comp: $2.82M
  • Mr. Tommy J. Skudutis
    Exec. VP & COO
  • Mr. Eric Jon Wilds
    Exec. VP of Chief Sales & Marketing Officer
  • Mr. Guenther F. Apfalter (Age 60)
    Pres of Magna Europe & Asia
    Comp: $1.36M
  • Mr. Patrick W. D. McCann
    Exec. VP & CFO
  • Mr. Anton Mayer
    Exec. VP & CTO
  • Mr. Boris Shulkin
    Exec. VP and Chief Digital & Information Officer
  • Mr. Louis Tonelli
    VP of Investor Relations
  • Mr. Bruce R. Cluney (Age 58)
    Exec. VP & Chief Legal Officer

Key Competitors

View All Competitors

Insiders

View All Insider Transactions













MG Stock - Frequently Asked Questions

Should I buy or sell Magna International stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MG shares.
View MG analyst ratings or view top-rated stocks.

What is Magna International's stock price forecast for 2023?

5 analysts have issued 12 month price objectives for Magna International's stock. Their MG share price forecasts range from C$54.00 to C$83.00. On average, they predict the company's share price to reach C$70.20 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
View analysts price targets for MG or view top-rated stocks among Wall Street analysts.

How have MG shares performed in 2023?

Magna International's stock was trading at C$76.06 at the start of the year. Since then, MG shares have decreased by 7.6% and is now trading at C$70.25.
View the best growth stocks for 2023 here.

When is Magna International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our MG earnings forecast.

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

Magna International declared a quarterly dividend on Friday, May 5th. Shareholders of record on Friday, May 19th will be given a dividend of 0.623 per share on Friday, June 2nd. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Thursday, May 18th. This is a boost from the stock's previous quarterly dividend of C$0.61.
Read our dividend analysis for MG.

Is Magna International a good dividend stock?

Magna International (TSE:MG) pays an annual dividend of C$2.48 per share and currently has a dividend yield of 3.60%. The dividend payout ratio is 116.43%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for MG.

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 (MGA), Toronto-Dominion Bank (TD), Royal Bank of Canada (RY), Bank of Nova Scotia (BNS), Manulife Financial (MFC), BCE (BCE), Enbridge (ENB), Canadian Natural Resources (CNQ), National Bank of Canada (NA) and Suncor Energy (SU).

What is Magna International's stock symbol?

Magna International trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MG."

How do I buy shares of Magna International?

Shares of MG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Magna International's stock price today?

One share of MG stock can currently be purchased for approximately C$70.25.

How much money does Magna International make?

Magna International (TSE:MG) has a market capitalization of C$20.10 billion and generates C$38.87 billion in revenue each year. The company earns C$437 million in net income (profit) each year or C$2.13 on an earnings per share basis.

How many employees does Magna International have?

The company employs 161,000 workers across the globe.

How can I contact Magna International?

Magna International's mailing address is 337 Magna Dr, AURORA, ON L4G 7K1, Canada. The official website for the company is www.magna.com. The company can be reached via phone at +1-905-7262462.

This page (TSE:MG) was last updated on 6/6/2023 by MarketBeat.com Staff

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