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Challenger wins close race to lead United Auto Workers union
Technical issues at Lufthansa cause delays in Frankfurt
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ruling halts oil exports from Iraq's Kurdish area via Turkey
Urgent Warning (Ad)
Travel disruption hits Germany on eve of transport strike
Venezuela: 21 officials, businessmen arrested in oil scheme
My No. 1 dividend stock for a LIFETIME of income. (Ad)
Finnish leadership condemns attack on veteran lawmaker
Canada pledges Great Lakes funding after Trudeau-Biden talks
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Challenger wins close race to lead United Auto Workers union
Technical issues at Lufthansa cause delays in Frankfurt
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ruling halts oil exports from Iraq's Kurdish area via Turkey
Urgent Warning (Ad)
Travel disruption hits Germany on eve of transport strike
Venezuela: 21 officials, businessmen arrested in oil scheme
My No. 1 dividend stock for a LIFETIME of income. (Ad)
Finnish leadership condemns attack on veteran lawmaker
Canada pledges Great Lakes funding after Trudeau-Biden talks
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Challenger wins close race to lead United Auto Workers union
Technical issues at Lufthansa cause delays in Frankfurt
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ruling halts oil exports from Iraq's Kurdish area via Turkey
Urgent Warning (Ad)
Travel disruption hits Germany on eve of transport strike
Venezuela: 21 officials, businessmen arrested in oil scheme
My No. 1 dividend stock for a LIFETIME of income. (Ad)
Finnish leadership condemns attack on veteran lawmaker
Canada pledges Great Lakes funding after Trudeau-Biden talks
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Challenger wins close race to lead United Auto Workers union
Technical issues at Lufthansa cause delays in Frankfurt
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


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

The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Magna Announces CAD Senior Notes Offering
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Is Magna Stock the Best Buy of 2023?
3 TSX Stocks That Are Too Cheap to Ignore
Magna Stock: How High Could It Go in 2023?
Magna International Expands Ontario Operations
Magna Stock Plunges after Earnings Miss
See More Headlines
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MG Company Calendar

Ex-Dividend for 3/10 Dividend
2/23/2023
Dividend Payable
3/10/2023
Today
3/26/2023
Next Earnings (Estimated)
5/05/2023

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$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

Net Income
C$592 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$37.84 billion
Cash Flow
C$3.36 per share
Book Value
C$38.24 per share

Miscellaneous

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













MG Stock - Frequently Asked Questions

Should I buy or sell Magna International stock right now?

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

7 equities research analysts have issued 12 month price targets for Magna International's stock. Their MG share price forecasts range from C$62.00 to C$83.00. On average, they anticipate 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 stock has 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 paid a dividend of 0.612 per share on Friday, March 10th. This represents a $2.45 annualized dividend and a dividend yield of 3.55%. The ex-dividend date 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 3/26/2023 by MarketBeat.com Staff