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Magna International Stock Price, News & Analysis (TSE:MG)

C$74.77
+0.42 (+0.56%)
(As of 04:00 PM ET)
Compare
Today's Range
C$74.72
▼
C$76.27
50-Day Range
C$66.11
▼
C$77.12
52-Week Range
C$64.41
▼
C$91.74
Volume
443,849 shs
Average Volume
869,269 shs
Market Capitalization
C$21.41 billion
P/E Ratio
15.29
Dividend Yield
3.33%
Price Target
C$58.00
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades

Magna International MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
22.6% Downside
C$58.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.84mentions of Magna International in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
C$3.57 M Sold Last Quarter
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.

1.79 out of 5 stars

See Top Rated MarketRank™ Stocks Here

MG stock logo

About Magna International Stock (TSE:MG)

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, integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, breakthrough lightings, quarter windows, encapsulated glasses, and side doors. The Power & Vision segment offers ?electric drive systems and components, such as emotors, inverters, onboard chargers, gearboxes, and e-clutch; dedicated hybrid drives, dual and hybrid dual clutch, and manual transmissions; AWD/4WD products and rear drive modules; transmission, driveline components, and ICE; engineering services; advanced driver assistance systems sensors and, 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.

MG Stock Price History

MG Stock News Headlines

December 4, 2023 | finance.yahoo.com
Global Advertising Growth Is Expected to Slow in 2024, Excluding Elections Spending
December 4, 2023 | finance.yahoo.com
Magna Enhances ADAS Capabilities by Joining 5G Innovation Program
December 6, 2023 | Edge On The Street (Ad)
Henry Ford Would NEVER Have Seen This Coming
In 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.
December 2, 2023 | seekingalpha.com
MG:CA Magna International Inc.
November 28, 2023 | finance.yahoo.com
Magna Brings Better Mobility to Life at CES 2024
November 27, 2023 | msn.com
2 Auto Stocks That Could Roll Higher in 2024
November 13, 2023 | finance.yahoo.com
Wall Street Analysts Believe Magna (MGA) Could Rally 27.08%: Here's is How to Trade
November 13, 2023 | theglobeandmail.com
Auto parts supplier Magna reaches tentative labour deal with Unifor
December 6, 2023 | Edge On The Street (Ad)
Henry Ford Would NEVER Have Seen This Coming
In 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.
November 13, 2023 | finance.yahoo.com
Canada's Magna, Unifor reach tentative labor deal
November 9, 2023 | theglobeandmail.com
Unifor, Magna resume bargaining after strike at seating plant in Windsor, Ont.
November 9, 2023 | finance.yahoo.com
Are Investors Undervaluing Magna International (MGA) Right Now?
November 7, 2023 | msn.com
Magna Stock Soars 15% After Boosting 2023 Guidance
November 4, 2023 | finance.yahoo.com
Magna International Inc. (NYSE:MGA) Q3 2023 Earnings Call Transcript
November 3, 2023 | msn.com
TSX posts best week since April 2020 on interest rate hopes
November 3, 2023 | theglobeandmail.com
Magna CEO says U.S. autoworkers’ strike cost the company $310-million in sales
November 3, 2023 | msn.com
TSX set for best week since April 2020, jobs data boosts confidence
November 3, 2023 | theglobeandmail.com
Magna beats expectations with profit boost as light vehicle production ramps up
November 3, 2023 | finance.yahoo.com
Why Auto Parts Stocks Popped (and Dropped) Today
November 3, 2023 | finanznachrichten.de
Magna International Inc.: Magna Announces Third Quarter 2023 Results
November 3, 2023 | theglobeandmail.com
Canadian auto parts supplier Magna raises 2023 profit forecast, flags impact from UAW strikes
November 3, 2023 | ca.finance.yahoo.com
Magna raises 2023 profit forecast, flags impact from UAW strikes
November 3, 2023 | finance.yahoo.com
UPDATE 1-Magna raises 2023 profit forecast, flags impact from UAW strikes
November 2, 2023 | msn.com
Is Now Actually the Right Time to Buy Magna Stock?
November 1, 2023 | msn.com
Should Investors Buy Magna Stock Ahead of Earnings?
October 25, 2023 | msn.com
3 Canadian Stocks That Offer Good Value
October 18, 2023 | msn.com
Magna International’s Role in the EV Revolution and What It Means for Dividend Investors
See More Headlines
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Company Calendar

Last Earnings
11/03/2023
Ex-Dividend for 12/1 Dividend
11/16/2023
Dividend Payable
12/01/2023
Today
12/06/2023
Next Earnings (Estimated)
2/09/2024
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
181,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$58.00
High Stock Price Target
C$58.00
Low Stock Price Target
C$58.00
Potential Upside/Downside
-22.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$4.89
Trailing P/E Ratio
15.20
Forward P/E Ratio
8.07
P/E Growth
0.58
Net Income
C$1.04 billion
Net Margins
2.47%
Pretax Margin
N/A
Return on Equity
9.73%
Return on Assets
3.97%

Debt

Debt-to-Equity Ratio
61.33
Current Ratio
1.11
Quick Ratio
0.83

Sales & Book Value

Annual Sales
C$41.91 billion
Price / Sales
0.51
Cash Flow
C$3.62 per share
Price / Cash Flow
20.54
Book Value
C$39.74 per share
Price / Book
1.87

Miscellaneous

Outstanding Shares
286,360,000
Free Float
N/A
Market Cap
C$21.29 billion
Optionable
Not Optionable
Beta
1.68
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Key Executives

  • Mr. Seetarama Swamy Kotagiri M.Sc. (Age 54)
    CEO & Director
    Comp: $5.09M
  • Mr. Vincent Joseph Galifi B.Com. (Age 63)
    C.A., President
    Comp: $3.28M
  • Mr. Patrick W. D. McCann
    Executive VP & CFO
  • Mr. Eric Jon Wilds
    Executive VP and Chief Sales & Marketing Officer
  • Mr. Anton Mayer
    Executive VP & CTO
  • Mr. Boris Shulkin
    Executive VP and Chief Digital & Information Officer
  • Mr. Louis Tonelli
    Vice President of Investor Relations
  • Mr. Bruce R. Cluney (Age 58)
    Executive VP & Chief Legal Officer
  • Joanne N. Horibe
    Chief Compliance Officer
  • Ms. Tracy Fuerst
    Vice President of Corporate Communications & PR

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

Should I Buy Magna International Stock? MG Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Magna International was last updated on Sunday, December 3, 2023 at 4:35 PM.

Pros

Here are some ways that investors could benefit from investing in Magna International Inc.:

  • Magna International Inc. is a well-established company that has been in operation since 1957.
  • They design, engineer, and manufacture components, assemblies, systems, subsystems, and modules for original equipment manufacturers (OEMs).
  • Magna International Inc. also offers tooling products, providing additional revenue streams.
  • The company has a global presence, allowing for potential growth opportunities in international markets.
  • Recent developments and insights indicate positive performance and potential for future growth.

Cons

Investors should be bearish about investing in Magna International Inc. for these reasons:

  • While Magna International Inc. has a strong track record, past performance is not indicative of future results.
  • There may be potential risks and uncertainties associated with the automotive industry, which could impact the company's performance.
  • Investors should carefully consider the current stock price and evaluate if it aligns with their investment goals and risk tolerance.
  • Market conditions and economic factors can influence the company's financial performance.
  • It is important for investors to conduct thorough research and analysis before making investment decisions.














MG Stock Analysis - Frequently Asked Questions

Should I buy or sell Magna International stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MG, but not buy additional shares or sell existing shares.
View MG analyst ratings or view top-rated stocks.

What is Magna International's stock price target for 2024?

1 equities research analysts have issued 1-year target prices for Magna International's stock. Their MG share price targets range from C$58.00 to C$58.00. On average, they expect the company's share price to reach C$58.00 in the next year. This suggests that the stock has a possible downside of 22.6%.
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 stock has decreased by 1.5% and is now trading at C$74.90.
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, February 9th 2024.
View our MG earnings forecast.

How were Magna International's earnings last quarter?

Magna International Inc. (TSE:MG) announced its quarterly earnings results on Friday, November, 3rd. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.10. The company earned $14.34 billion during the quarter, compared to the consensus estimate of $14.02 billion. Magna International had a net margin of 2.47% and a trailing twelve-month return on equity of 9.73%.

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

Magna International announced a quarterly dividend on Friday, November 3rd. Stockholders of record on Friday, November 17th will be given a dividend of 0.46 per share on Friday, December 1st. This represents a $1.84 annualized dividend and a yield of 2.46%. The ex-dividend date is Thursday, November 16th.
Read our dividend analysis for MG.

Is Magna International a good dividend stock?

Magna International (TSE:MG) pays an annual dividend of C$2.49 per share and currently has a dividend yield of 3.29%. The dividend payout ratio is 50.92%. This payout ratio is at a healthy, sustainable level, below 75%.
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).

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.

This page (TSE:MG) was last updated on 12/6/2023 by MarketBeat.com Staff

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