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TSE:MG

Magna International (MG) Stock Price, News & Analysis

C$53.39
-1.31 (-2.39%)
(As of 09/6/2024 ET)
Today's Range
C$53.00
C$55.00
50-Day Range
C$52.28
C$62.71
52-Week Range
C$52.25
C$80.73
Volume
1.27 million shs
Average Volume
1.27 million shs
Market Capitalization
C$15.34 billion
P/E Ratio
11.53
Dividend Yield
4.87%
Price Target
C$60.00

Magna International MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
12.4% Upside
C$60.00 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.83mentions of Magna International in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
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.

3.17 out of 5 stars

MG stock logo

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

MG Stock News Headlines

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Magna Q2 Net Income Declines
See More Headlines
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Company Calendar

Last Earnings
8/02/2024
Ex-Dividend for 8/30 Dividend
8/16/2024
Dividend Payable
8/30/2024
Today
9/07/2024
Next Earnings (Estimated)
11/01/2024

Industry, Sector and Symbol

Industry
Auto Parts
Sub-Industry
N/A
CIK
N/A
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
+12.4%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
C$987 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$43.07 billion
Cash Flow
C$2.60 per share
Book Value
C$40.46 per share

Miscellaneous

Free Float
N/A
Market Cap
C$15.34 billion
Optionable
Not Optionable
Beta
1.61
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Key Executives

  • Mr. Seetarama Swamy Kotagiri M.Sc. (Age 55)
    CEO & Director
    Comp: $8.14M
  • 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

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 has consistently increased its dividend over time, with the latest announcement of a dividend increase to $0.65 per share, providing investors with a steady income stream.
  • Recent analyst upgrades, such as the shift from a "hold" rating to a "strong-buy" rating by BNP Paribas, indicate positive sentiment and potential future growth prospects for the company.
  • Despite a recent dip in stock price, Magna International's historical performance and market capitalization of C$16.11 billion suggest stability and long-term value for investors.
  • The company's price-to-earnings ratio of 11.68 and price-to-earnings-growth ratio of 0.58 indicate that the stock may be undervalued, presenting a potential buying opportunity for investors.
  • Magna International's global presence and expertise in designing, engineering, and manufacturing components for vehicles position it well to benefit from the evolving automotive industry and technological advancements.

Cons

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

  • Despite recent dividend increases, the company's payout ratio of 53.75% may indicate a potential strain on future dividend sustainability or reinvestment in growth initiatives.
  • The stock's beta of 1.70 suggests higher volatility compared to the market average, which may not align with risk-averse investors' portfolios.
  • Magna International's recent earnings report, with a miss on consensus estimates, could signal potential challenges in meeting future earnings expectations and growth targets.
  • The company's debt-to-equity ratio of 66.45 indicates a significant reliance on debt financing, which could pose risks in times of economic downturns or rising interest rates.
  • Market uncertainties and regulatory changes in the automotive industry could impact Magna International's operations and profitability, leading to potential stock price fluctuations.
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, August 22, 2024. Please send any questions or comments about these Magna International pros and cons to contact@marketbeat.com.

MG Stock Analysis - Frequently Asked Questions

How have MG shares performed this year?

Magna International's stock was trading at C$78.29 at the beginning of 2024. Since then, MG stock has decreased by 31.8% and is now trading at C$53.39.
View the best growth stocks for 2024 here
.

How were Magna International's earnings last quarter?

Magna International Inc. (TSE:MG) announced its quarterly earnings results on Friday, August, 2nd. The company reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.99 by $0.14. The business earned $14.99 billion during the quarter, compared to analysts' expectations of $15.22 billion. Magna International had a trailing twelve-month return on equity of 9.03% and a net margin of 2.29%.

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 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 (MGA), Toronto-Dominion Bank (TD), Royal Bank of Canada (RY), Bank of Nova Scotia (BNS), Manulife Financial (MFC), BCE (BCE) and Enbridge (ENB).

This page (TSE:MG) was last updated on 9/7/2024 by MarketBeat.com Staff

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