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NYSE:MGA

Magna International (MGA) Stock Price, News & Analysis

Magna International logo
$42.65 -0.13 (-0.30%)
(As of 11/20/2024 ET)

About Magna International Stock (NYSE:MGA)

Key Stats

Today's Range
$42.02
$42.82
50-Day Range
$39.42
$44.34
52-Week Range
$38.01
$60.32
Volume
1.34 million shs
Average Volume
1.78 million shs
Market Capitalization
$12.25 billion
P/E Ratio
11.40
Dividend Yield
4.45%
Price Target
$49.76
Consensus Rating
Hold

Company Overview

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.

Magna International Stock Analysis - MarketRank™

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88th Percentile Overall Score

MGA MarketRank™: 

Magna International scored higher than 88% of companies evaluated by MarketBeat, and ranked 17th out of 88 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Magna International has received a consensus rating of Hold. The company's average rating score is 2.21, and is based on 5 buy ratings, 13 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Magna International has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Magna International's stock forecast and price target.
  • Earnings Growth

    Earnings for Magna International are expected to grow by 16.35% in the coming year, from $5.26 to $6.12 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Magna International is 11.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Magna International is 11.40, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 10.60.

  • Price to Earnings Growth Ratio

    Magna International has a PEG Ratio of 0.70. 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 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Magna International's valuation and earnings.
  • Percentage of Shares Shorted

    2.95% of the float of Magna International has been sold short.
  • Short Interest Ratio / Days to Cover

    Magna International has a short interest ratio ("days to cover") of 5.4.
  • Change versus previous month

    Short interest in Magna International has recently increased by 8.05%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Magna International is a leading dividend payer. It pays a dividend yield of 4.44%, 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 50.80%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Magna International will have a dividend payout ratio of 31.05% next year. This indicates that Magna International will be able to sustain or increase its dividend.

  • Read more about Magna International's dividend.
  • Percentage of Shares Shorted

    2.95% of the float of Magna International has been sold short.
  • Short Interest Ratio / Days to Cover

    Magna International has a short interest ratio ("days to cover") of 5.4.
  • Change versus previous month

    Short interest in Magna International has recently increased by 8.05%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Magna International has a news sentiment score of -0.20. 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 0.60 average news sentiment score of Auto/Tires/Trucks companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Magna International this week, compared to 3 articles on an average week.
  • MarketBeat Follows

    16 people have added Magna International to their MarketBeat watchlist in the last 30 days. This is an increase of 45% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Magna International insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.50% of the stock of Magna International is held by insiders.

  • Percentage Held by Institutions

    67.49% of the stock of Magna International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Magna International's insider trading history.
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MGA Stock News Headlines

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Morgan Stanley Keeps Their Hold Rating on Magna International (MGA)
Stocks to Watch: Magna, BioNTech, and Ubiquiti
Magna announces new 10% Normal Course Issuer Bid
See More Headlines

MGA Stock Analysis - Frequently Asked Questions

Magna International's stock was trading at $59.08 at the start of the year. Since then, MGA shares have decreased by 27.8% and is now trading at $42.65.
View the best growth stocks for 2024 here
.

Magna International Inc. (NYSE:MGA) announced its quarterly earnings results on Friday, November, 1st. The company reported $1.28 EPS for the quarter, missing analysts' consensus estimates of $1.48 by $0.20. The company's revenue was down 3.8% on a year-over-year basis.

Magna International shares split before market open on Thursday, March 26th 2015. The 2-1 split was announced on Wednesday, February 25th 2015. The newly created shares were issued 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.

Magna International subsidiaries include these companies: Optimus Ride, Honglizhixin, VIZA GECA, OLSA, BÖCO, MAGNA Telemotive, Getrag, and others.

Top institutional investors of Magna International include Toronto Dominion Bank (0.57%), Geode Capital Management LLC (0.40%), ARGA Investment Management LP (0.35%) and QV Investors Inc. (0.23%).

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Magna International investors own include Humana (HUM), American Water Works (AWK), Broadcom (AVGO), Waste Connections (WCN), Voyager Therapeutics (VYGR), Tesla (TSLA) and TotalEnergies (TTE).

Company Calendar

Ex-Dividend for 8/30 Dividend
8/16/2024
Dividend Payable
8/30/2024
Last Earnings
11/01/2024
Ex-Dividend for 11/29 Dividend
11/15/2024
Today
11/21/2024
Dividend Payable
11/29/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/14/2025

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
$49.76
High Stock Price Target
$62.00
Low Stock Price Target
$41.00
Potential Upside/Downside
+16.7%
Consensus Rating
Hold
Rating Score (0-4)
2.21
Research Coverage
19 Analysts

Profitability

Net Income
$1.21 billion
Pretax Margin
3.45%

Debt

Sales & Book Value

Annual Sales
$42.80 billion
Cash Flow
$10.99 per share
Book Value
$44.15 per share

Miscellaneous

Free Float
285,891,000
Market Cap
$12.25 billion
Optionable
Optionable
Beta
1.59

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This page (NYSE:MGA) was last updated on 11/21/2024 by MarketBeat.com Staff
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