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Magna International (MGA) Stock Price, News & Analysis

$42.47
-0.31 (-0.72%)
(As of 08/27/2024 ET)
Today's Range
$42.22
$42.84
50-Day Range
$38.03
$45.82
52-Week Range
$38.01
$60.32
Volume
817,437 shs
Average Volume
1.64 million shs
Market Capitalization
$12.20 billion
P/E Ratio
12.07
Dividend Yield
4.47%
Price Target
$51.06

Magna International MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
20.2% Upside
$51.06 Price Target
Short Interest
Bearish
5.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.34mentions of Magna International in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
20.95%
From $5.68 to $6.87 Per Share

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.

4.22 out of 5 stars

Auto/Tires/Trucks Sector

11th out of 75 stocks

Motor Vehicle Parts & Accessories Industry

7th out of 29 stocks

MGA stock logo

About Magna International Stock (NYSE:MGA)

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.

MGA Stock Price History

MGA Stock News Headlines

Driver using touchscreen Mobileye in car
Mobileye Global: CEO Makes $10 Million Bet on Future Strength (MGA)
Mobileye Global Inc. (NASDAQ: MBLY) is a leading developer of advanced driver assistance systems (ADAS) vehicle solutions.
Elon Musk’s Urgent Warning
Elon Musk warned, "We need to do something... or the dollar will be worth nothing." That's why I rushed to get you this FREE report.
Magna Recommends Rejection of "Mini-Tender" Offer
Magna International: No Rush To Start A Position
Elon Musk’s Urgent Warning
Elon Musk warned, "We need to do something... or the dollar will be worth nothing." That's why I rushed to get you this FREE report.
MGA Aug 2024 27.500 put
Magna Announces Second Quarter 2024 Results
Magna Announces Date for Q2 2024 Results Call
See More Headlines
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Company Calendar

Ex-Dividend for 5/31 Dividend
5/16/2024
Dividend Payable
5/31/2024
Last Earnings
8/02/2024
Ex-Dividend for 8/30 Dividend
8/16/2024
Today
8/28/2024
Dividend Payable
8/30/2024
Next Earnings (Estimated)
11/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
Automobiles And Trucks
Employees
179,000
Year Founded
1957

Price Target and Rating

Average Stock Price Target
$51.06
High Stock Price Target
$62.00
Low Stock Price Target
$43.00
Potential Upside/Downside
+20.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
18 Analysts

Profitability

Net Income
$1.21 billion
Pretax Margin
3.17%

Debt

Sales & Book Value

Annual Sales
$43.07 billion
Cash Flow
$10.89 per share
Book Value
$42.84 per share

Miscellaneous

Free Float
285,891,000
Market Cap
$12.20 billion
Optionable
Optionable
Beta
1.59

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Key Executives

  • Mr. Seetarama Swamy Kotagiri M.Sc. (Age 55)
    CEO & Director
    Comp: $5.96M
  • 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

MGA Stock Analysis - Frequently Asked Questions

How have MGA shares performed this year?

Magna International's stock was trading at $59.08 on January 1st, 2024. Since then, MGA shares have decreased by 28.1% and is now trading at $42.47.
View the best growth stocks for 2024 here
.

How were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) released its quarterly earnings data on Friday, August, 2nd. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by $0.11. The business's revenue for the quarter was down .2% compared to the same quarter last year.

When did Magna International's stock split?

Magna International's stock split on Thursday, March 26th 2015. The 2-1 split was announced on Wednesday, February 25th 2015. The newly issued shares were payable to shareholders after the market closes on Wednesday, March 25th 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Does Magna International have any subsidiaries?

Magna International subsidiaries include Optimus Ride, Honglizhixin, VIZA GECA, OLSA, BÖCO, MAGNA Telemotive, Getrag, and more.

Who are Magna International's major shareholders?

Top institutional investors of Magna International include JARISLOWSKY FRASER Ltd (2.49%), Toronto Dominion Bank (0.56%), QV Investors Inc. (0.23%) and D. E. Shaw & Co. Inc..

How do I buy shares of Magna International?

Shares of MGA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Magna International own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Magna International investors own include Magna International (MG), Gilead Sciences (GILD), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), NVIDIA (NVDA) and Broadcom (AVGO).

This page (NYSE:MGA) was last updated on 8/28/2024 by MarketBeat.com Staff

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