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S&P 500   3,957.63
DOW   33,852.53
QQQ   280.57
Three Reasons It’s Time To Get Bullish On Organigram
“The Bull Market Is Officially OVER”  (Ad)
The AP Interview: IMF head urges China to end mass lockdowns
Survivor of Virginia Walmart mass shooting files $50M suit
“The Bull Market Is Officially OVER”  (Ad)
Can I Apply for Supplemental Security Income Online?
US stocks edge lower in unsteady trading, oil prices rise
Reclusive trader scores 20 straight years of winning trades. Learn how (Ad)
Why Investors Are Eating Up Restaurant Brands International
Opportunity Strikes! Hibbett, Inc Falls Flat On Strong Results
S&P 500   3,957.63
DOW   33,852.53
QQQ   280.57
Three Reasons It’s Time To Get Bullish On Organigram
“The Bull Market Is Officially OVER”  (Ad)
The AP Interview: IMF head urges China to end mass lockdowns
Survivor of Virginia Walmart mass shooting files $50M suit
“The Bull Market Is Officially OVER”  (Ad)
Can I Apply for Supplemental Security Income Online?
US stocks edge lower in unsteady trading, oil prices rise
Reclusive trader scores 20 straight years of winning trades. Learn how (Ad)
Why Investors Are Eating Up Restaurant Brands International
Opportunity Strikes! Hibbett, Inc Falls Flat On Strong Results
S&P 500   3,957.63
DOW   33,852.53
QQQ   280.57
Three Reasons It’s Time To Get Bullish On Organigram
“The Bull Market Is Officially OVER”  (Ad)
The AP Interview: IMF head urges China to end mass lockdowns
Survivor of Virginia Walmart mass shooting files $50M suit
“The Bull Market Is Officially OVER”  (Ad)
Can I Apply for Supplemental Security Income Online?
US stocks edge lower in unsteady trading, oil prices rise
Reclusive trader scores 20 straight years of winning trades. Learn how (Ad)
Why Investors Are Eating Up Restaurant Brands International
Opportunity Strikes! Hibbett, Inc Falls Flat On Strong Results
TSE:MG

Magna International - MG Stock Forecast, Price & News

C$81.84
+1.12 (+1.39%)
(As of 11/29/2022 12:00 AM ET)
Add
Compare
Today's Range
C$81.06
C$82.44
50-Day Range
C$65.11
C$84.25
52-Week Range
C$63.55
C$112.62
Volume
573,133 shs
Average Volume
890,984 shs
Market Capitalization
C$23.39 billion
P/E Ratio
18.94
Dividend Yield
2.99%
Price Target
C$76.60

Magna International MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
6.4% Downside
C$76.60 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.25mentions of Magna International in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
C$380,550 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

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

Why I’m Buying Magna Stock Today
Citigroup Cuts Magna International (TSE:MG) Price Target to C$83.00
Making EVs Can Be a Struggle. Fisker’s CEO Explains Why.
Is Now the Right Time to Buy Magna Stock?
Why Magna Stock Is a Boom Waiting to Happen
Magna Q3 Profit Rises; Sales Up 17%
Magna lowers annual sales forecast after profit miss
Magna (MGA) Q3 Earnings and Revenues Lag Estimates
Magna Announces Third Quarter 2022 Results
Fisker’s Stock Is Dropping. Don’t Blame Its Results.
See More Headlines
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MG Company Calendar

Ex-Dividend for 12/2 Dividend
11/17/2022
Today
11/30/2022
Dividend Payable
12/02/2022
Next Earnings (Estimated)
2/09/2023

Industry, Sector and Symbol

Industry
Auto Parts
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
161,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$76.60
High Stock Price Forecast
C$106.00
Low Stock Price Forecast
C$62.00
Forecasted Upside/Downside
-6.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$37.38 billion
Cash Flow
C$3.83 per share
Book Value
C$36.52 per share

Miscellaneous

Free Float
N/A
Market Cap
C$23.39 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Seetarama Swamy Kotagiri M.Sc.
    CEO & Director
  • Mr. Vincent Joseph Galifi B.Com. (Age 62)
    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 59)
    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 57)
    Exec. VP & Chief Legal Officer













MG Stock - Frequently Asked Questions

Should I buy or sell Magna International stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last twelve months. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research 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?

10 Wall Street analysts have issued 1-year price objectives for Magna International's stock. Their MG share price forecasts range from C$62.00 to C$106.00. On average, they anticipate the company's share price to reach C$76.60 in the next twelve months. This suggests that the stock has a possible downside of 6.4%.
View analysts price targets for MG
or view top-rated stocks among Wall Street analysts.

How have MG shares performed in 2022?

Magna International's stock was trading at C$102.35 on January 1st, 2022. Since then, MG shares have decreased by 20.0% and is now trading at C$81.84.
View the best growth stocks for 2022 here
.

When is Magna International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 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, November 4th. Investors of record on Friday, November 18th will be given a dividend of 0.613 per share on Friday, December 2nd. This represents a $2.45 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Thursday, November 17th. This is a positive change from the stock's previous quarterly dividend of C$0.45.
Read our dividend analysis for MG
.

Is Magna International a good dividend stock?

Magna International (TSE:MG) pays an annual dividend of C$1.78 per share and currently has a dividend yield of 2.99%. The dividend payout ratio is 41.20%. 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).

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$81.84.

How much money does Magna International make?

Magna International (TSE:MG) has a market capitalization of C$23.39 billion and generates C$37.38 billion in revenue each year.

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 11/30/2022 by MarketBeat.com Staff