S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
5 Best Dividend Capture Stocks
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Closing prices for crude oil, gold and other commodities
Dividend King Genuine Parts Company Upgraded On Profit Guidance
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
11 Best Consumer Discretionary Stocks of 2023
The Bottom Is In For Accenture
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
14 Best Consumer Staples Dividend Stocks
10 Best Consumer Discretionary ETFs
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
5 Best Dividend Capture Stocks
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Closing prices for crude oil, gold and other commodities
Dividend King Genuine Parts Company Upgraded On Profit Guidance
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
11 Best Consumer Discretionary Stocks of 2023
The Bottom Is In For Accenture
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
14 Best Consumer Staples Dividend Stocks
10 Best Consumer Discretionary ETFs
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
5 Best Dividend Capture Stocks
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Closing prices for crude oil, gold and other commodities
Dividend King Genuine Parts Company Upgraded On Profit Guidance
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
11 Best Consumer Discretionary Stocks of 2023
The Bottom Is In For Accenture
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
14 Best Consumer Staples Dividend Stocks
10 Best Consumer Discretionary ETFs
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
5 Best Dividend Capture Stocks
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Closing prices for crude oil, gold and other commodities
Dividend King Genuine Parts Company Upgraded On Profit Guidance
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
11 Best Consumer Discretionary Stocks of 2023
The Bottom Is In For Accenture
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
14 Best Consumer Staples Dividend Stocks
10 Best Consumer Discretionary ETFs
TSE:MG

Magna International - MG Stock Forecast, Price & News

C$68.96
-1.08 (-1.54%)
(As of 03/24/2023 12:00 AM ET)
Add
Compare
Today's Range
C$68.18
▼
C$69.39
50-Day Range
C$68.82
▼
C$89.93
52-Week Range
C$63.55
▼
C$91.74
Volume
692,111 shs
Average Volume
874,621 shs
Market Capitalization
C$19.72 billion
P/E Ratio
24.37
Dividend Yield
3.70%
Price Target
C$75.57

Magna International MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
9.6% Upside
C$75.57 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.66mentions of Magna International in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
C$1.16 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.

1.75 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.

Receive MG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Magna International and its competitors with MarketBeat's FREE daily newsletter.

MG Stock News Headlines

March 24, 2023 | americanbankingnews.com
Insider Selling: Magna International Inc. (TSE:MG) Senior Officer Sells 3,931 Shares of Stock
March 23, 2023 | americanbankingnews.com
Eric Jon Wilds Wilds Sells 15,685 Shares of Magna International Inc. (TSE:MG) Stock
March 25, 2023 | Investor Place Media (Ad)
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
March 16, 2023 | fool.ca
Is Magna Stock Cheap Enough Considering the Tough Road Ahead?
March 13, 2023 | marketwatch.com
Magna International Inc. stock falls Monday, underperforms market
March 11, 2023 | finance.yahoo.com
Own Tesla Stock? 3 Investments EV Manufacturers Can't Do Without
March 8, 2023 | finanznachrichten.de
Magna International Inc.: Magna Announces Senior Notes Offerings
March 8, 2023 | benzinga.com
Magna Announces CAD Senior Notes Offering
March 25, 2023 | Behind the Markets (Ad)
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
March 3, 2023 | msn.com
Is Magna Stock the Best Buy of 2023?
March 1, 2023 | msn.com
Investing in March 2023: 1 Stock I’d Buy and Another I’m Steering Clear of
March 1, 2023 | marketwatch.com
Magna International Inc. stock rises Monday, outperforms market
February 27, 2023 | finance.yahoo.com
Fisker Shares Jump 30% as Ocean EV Deliveries Are Set for Spring Launch
February 27, 2023 | msn.com
Fisker pacifies investors with higher orders; keeps 2023 production target
February 27, 2023 | finance.yahoo.com
UPDATE 1-Fisker reports higher orders, maintains annual production target
February 27, 2023 | finance.yahoo.com
Fisker Shares Jump 27% as Ocean EV Deliveries Set for Spring Launch
February 25, 2023 | msn.com
3 TSX Stocks That Are Too Cheap to Ignore
February 24, 2023 | baystreet.ca
BUY ALERT: This Top Auto Stock is Dirt-Cheap Right Now
February 23, 2023 | msn.com
3 Dividend Stocks That Hiked Their Dividends This Month
February 21, 2023 | ca.finance.yahoo.com
Magna Stock: How High Could It Go in 2023?
February 16, 2023 | fool.ca
3 Remarkably Cheap TSX Stocks to Buy Right Now
February 16, 2023 | baystreet.ca
Magna International Expands Ontario Operations
February 14, 2023 | fool.ca
Why Magna International Stock Is Worth the Risk
February 13, 2023 | finanznachrichten.de
Magna International Inc.: Magna Wins Battery Enclosures Business On First-Ever Chevrolet Silverado EV
February 10, 2023 | msn.com
Magna Stock Plunges after Earnings Miss
February 10, 2023 | reuters.com
Auto parts maker Magna warns of margin pressures on higher costs
February 10, 2023 | theglobeandmail.com
Auto parts maker Magna posts quarterly profit below estimates on higher costs
See More Headlines
Receive MG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Magna International and its competitors with MarketBeat's FREE daily newsletter.

MG Company Calendar

Ex-Dividend for 3/10 Dividend
2/23/2023
Dividend Payable
3/10/2023
Today
3/25/2023
Next Earnings (Estimated)
5/05/2023
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$75.57
High Stock Price Forecast
C$83.00
Low Stock Price Forecast
C$62.00
Forecasted Upside/Downside
+9.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$2.83
Trailing P/E Ratio
24.37
Forward P/E Ratio
11.31
P/E Growth
0.25
Net Income
C$592 million
Net Margins
1.56%
Pretax Margin
N/A
Return on Equity
5.44%
Return on Assets
3.46%

Debt

Debt-to-Equity Ratio
44.76
Current Ratio
1.14
Quick Ratio
0.83

Sales & Book Value

Annual Sales
C$37.84 billion
Price / Sales
0.52
Cash Flow
C$3.36 per share
Price / Cash Flow
20.54
Book Value
C$38.24 per share
Price / Book
1.80

Miscellaneous

Outstanding Shares
285,930,000
Free Float
N/A
Market Cap
C$19.72 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?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 2 hold ratings and 5 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?

7 brokerages have issued 12-month target prices for Magna International's stock. Their MG share price forecasts range from C$62.00 to C$83.00. On average, they predict the company's share price to reach C$75.57 in the next twelve months. This suggests a possible upside of 9.6% from the stock's current price.
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 on January 1st, 2023. Since then, MG shares have decreased by 9.3% and is now trading at C$68.96.
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, May 5th 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, February 10th. Shareholders of record on Friday, February 24th will be given a dividend of 0.612 per share on Friday, March 10th. This represents a $2.45 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, February 23rd.
Read our dividend analysis for MG.

Is Magna International a good dividend stock?

Magna International (TSE:MG) pays an annual dividend of C$2.55 per share and currently has a dividend yield of 3.70%. The dividend payout ratio is 90.11%. 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$68.96.

How much money does Magna International make?

Magna International (TSE:MG) has a market capitalization of C$19.72 billion and generates C$37.84 billion in revenue each year. The company earns C$592 million in net income (profit) each year or C$2.83 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 3/25/2023 by MarketBeat.com Staff