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 year. 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 analysts have issued 12 month price targets for Magna International's shares. Their MG share price targets range from C$60.00 to C$60.00. On average, they expect the company's share price to reach C$60.00 in the next year. This suggests that the stock has a possible downside of 11.0%. View analysts price targets for MG or view top-rated stocks among Wall Street analysts .

How have MG shares performed in 2024?

Magna International's stock was trading at C$78.29 at the beginning of the year. Since then, MG stock has decreased by 13.9% and is now trading at C$67.40. View the best growth stocks for 2024 here .

When is Magna International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 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, February, 9th. The company reported $1.81 earnings per share for the quarter, missing the consensus estimate of $1.99 by $0.18. The company earned $14.23 billion during the quarter, compared to analysts' expectations of $14.30 billion. Magna International had a trailing twelve-month return on equity of 10.89% and a net margin of 2.83%.

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

Magna International declared a quarterly dividend on Friday, February 9th. Investors of record on Friday, February 23rd will be paid a dividend of 0.638 per share on Friday, March 8th. This represents a $2.55 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Thursday, February 22nd. This is a positive change from the stock's previous quarterly dividend of C$0.46. Read our dividend analysis for MG .

Is Magna International a good dividend stock?

Magna International (TSE:MG) pays an annual dividend of C$2.56 per share and currently has a dividend yield of 3.61%. The dividend payout ratio is 44.76%. 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 .

TSE:MG

Magna International (MG) Stock Price, News & Analysis

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C$67.40

-1.01 (-1.48%)

(As of 04:17 PM ET)

Compare

Today's Range: C$66.80
▼
C$68.26
50-Day Range: C$68.41
▼
C$78.90
52-Week Range: C$64.41
▼
C$87.00

Volume: 690,744 shs
Average Volume: 1.03 million shs
Market Capitalization: C$19.36 billion

P/E Ratio: 11.78
Dividend Yield: 3.80%
Price Target: C$60.00

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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Magna International MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 11.0% Downside
C$60.00 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.23
Based on 3 Articles This Week
Insider Trading: Selling Shares
C$1.89 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.42 out of 5 stars

1.0

Analyst's Opinion

Consensus Rating
Magna International has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Magna International has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for MG.

2.5

Dividend Strength

Dividend Leadership
Magna International is a leading dividend payer. It pays a dividend yield of 3.61%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Magna International does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Magna International is 44.76%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MG.

1.8

News and Social Media Coverage

News Sentiment
Magna International has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.37 average news sentiment score of Consumer Cyclical companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Magna International this week, compared to 3 articles on an average week.
Search Interest
7 people have searched for MG on MarketBeat in the last 30 days. This is an increase of 250% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Magna International insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$1,887,403.00 in company stock.
Percentage Held by Insiders
Only 6.10% of the stock of Magna International is held by insiders.
Percentage Held by Institutions
74.51% of the stock of Magna International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Magna International is 11.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.16.
Price to Earnings Ratio vs. Sector
The P/E ratio of Magna International is 11.78, which means that it is trading at a less expensive P/E ratio than the Consumer Cyclical sector average P/E ratio of about 344.63.
Price to Earnings Growth Ratio
Magna International has a PEG Ratio of 0.58. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Magna International has a P/B Ratio of 1.63. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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 system, battery enclosures, and engineering and testing; and exteriors, including fascia and trims, front end modules, integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, breakthrough lightings, side doors, and greenhouse products. 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; far camera module, remote camera heads, interior sensing camera, radars, thermal sensing, and domain controllers; interior and exterior mirrors, camera monitoring system driver/occupant monitoring systems, and smart actuators; forward and rear lighting, and lit grilles/panels/displays; latching system, door modules, charge port doors, power system, hinges, and door handles; 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. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.

MG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MG Stock News Headlines

April 15, 2024 | seekingalpha.com

Magna International: A Global Automotive Supplier Currently On An Upswing

April 11, 2024 | finance.yahoo.com

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MGA May 2024 50.000 call

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March 5, 2024 | finanznachrichten.de

Magna International Inc.: General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: 'SDVerse'

March 5, 2024 | theglobeandmail.com

GM, Magna and Wipro team up to create automotive software marketplace

February 26, 2024 | msn.com

Better Buy in February 2024: Magna Stock vs. BCE Stock

February 25, 2024 | finance.yahoo.com

MGA Apr 2024 57.500 put

February 23, 2024 | msn.com

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February 13, 2024 | msn.com

Better Buy in February 2024: Amazon Stock vs. Magna Stock

February 13, 2024 | msn.com

Auto parts company Magna International announces share buyback plan

February 12, 2024 | msn.com

Why Magna Stock Fell 8% Last Week

February 11, 2024 | finance.yahoo.com

Magna International Full Year 2023 Earnings: EPS Misses Expectations

February 9, 2024 | msn.com

Why Is Automotive Supplier Magna Stock Falling Today?

February 9, 2024 | msn.com

Magna International reports Q4 profit and sales up from year earlier, raises dividend

See More Headlines

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Company Calendar

Last Earnings: 2/09/2024
Ex-Dividend for 3/8 Dividend: 2/22/2024
Dividend Payable: 3/08/2024
Today: 4/16/2024
Next Earnings (Confirmed): 5/03/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Consumer Cyclical
Industry: Auto Parts
Sub-Industry: N/A
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: 179,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$60.00
High Stock Price Target: C$60.00
Low Stock Price Target: C$60.00
Potential Upside/Downside: -11.4%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$5.72
Trailing P/E Ratio: 11.84
Forward P/E Ratio: 8.25
P/E Growth: 0.58
Net Income: C$1.21 billion
Net Margins: 2.83%
Pretax Margin: N/A
Return on Equity: 10.89%
Return on Assets: 4.24%

Debt

Debt-to-Equity Ratio: 58.83
Current Ratio: 1.06
Quick Ratio: 0.83

Sales & Book Value

Annual Sales: C$42.80 billion
Price / Sales: 0.45
Cash Flow: C$3.30 per share
Price / Cash Flow: 20.54
Book Value: C$41.47 per share
Price / Book: 1.63

Miscellaneous

Outstanding Shares: 287,280,000
Free Float: N/A
Market Cap: C$19.45 billion
Optionable: Not Optionable
Beta: 1.68

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Key Executives

Mr. Seetarama Swamy Kotagiri M.Sc. (Age 55)
CEO & Director
Comp: $8.1M
Mr. Patrick W. D. McCann
Executive VP & CFO
Mr. Eric Jon Wilds
Executive VP and Chief Sales & Marketing Officer
Mr. Tom J. Rucker
President of MPT, MML, Electronics & Complete Vehicles
Mr. John H. Farrell
President of Body & Exterior Systems and Seating
Mr. Boris Shulkin
Executive VP and Chief Digital & Information Officer
Mr. Louis Tonelli
Vice President of Investor Relations
Mr. Bruce R. Cluney (Age 59)
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

Pros

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

Magna International Inc. announced a share buyback plan, indicating confidence in the company's future and potentially boosting stock value.
The company's diversified product portfolio across various automotive segments provides stability and potential for growth.
Magna's focus on innovative technologies like electric drive systems and components positions it well in the evolving automotive industry.
Strong financial performance and consistent revenue growth over recent periods make Magna a reliable investment option.
Current stock price of Magna International Inc. is favorable for potential investors, offering a good entry point.

Cons

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

Volatility in the automotive industry due to factors like supply chain disruptions and changing consumer preferences may impact Magna's performance.
Intense competition within the auto parts sector could pressure Magna's market share and margins.
Global economic uncertainties and geopolitical tensions may affect Magna's international operations and profitability.
Dependency on original equipment manufacturers (OEMs) for a significant portion of revenue exposes Magna to risks associated with OEMs' performance.
Regulatory changes and environmental policies could increase operational costs for Magna International Inc. in the future.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these Magna International pros and cons to contact@marketbeat.com.

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 year. 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 analysts have issued 12 month price targets for Magna International's shares. Their MG share price targets range from C$60.00 to C$60.00. On average, they expect the company's share price to reach C$60.00 in the next year. This suggests that the stock has a possible downside of 11.0%.
View analysts price targets for MG or view top-rated stocks among Wall Street analysts.
How have MG shares performed in 2024?: Magna International's stock was trading at C$78.29 at the beginning of the year. Since then, MG stock has decreased by 13.9% and is now trading at C$67.40.
View the best growth stocks for 2024 here.
When is Magna International's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 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, February, 9th. The company reported $1.81 earnings per share for the quarter, missing the consensus estimate of $1.99 by $0.18. The company earned $14.23 billion during the quarter, compared to analysts' expectations of $14.30 billion. Magna International had a trailing twelve-month return on equity of 10.89% and a net margin of 2.83%.

How often does Magna International pay dividends? What is the dividend yield for Magna International?: Magna International declared a quarterly dividend on Friday, February 9th. Investors of record on Friday, February 23rd will be paid a dividend of 0.638 per share on Friday, March 8th. This represents a $2.55 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Thursday, February 22nd. This is a positive change from the stock's previous quarterly dividend of C$0.46.
Read our dividend analysis for MG.
Is Magna International a good dividend stock?: Magna International (TSE:MG) pays an annual dividend of C$2.56 per share and currently has a dividend yield of 3.61%. The dividend payout ratio is 44.76%. 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 4/16/2024 by MarketBeat.com Staff

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Magna International (MG) Stock Price, News & Analysis

Magna International MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Magna International Stock (TSE:MG)

MG Stock Price History

MG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

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

Pros

Cons

MG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™