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Magna International (MGA) News Today

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$35.35 -1.08 (-2.96%)
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$36.20 +0.85 (+2.40%)
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Morgan Stanley Sticks to Its Hold Rating for Magna International (MGA)
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Morgan Stanley Lowers Magna International (NYSE:MGA) Price Target to $40.00
Morgan Stanley reduced their price objective on shares of Magna International from $43.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday.
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Short Interest in Magna International Inc. (NYSE:MGA) Increases By 57.4%
Magna International Inc. (NYSE:MGA - Get Free Report) (TSE:MG) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 9,460,000 shares, a growth of 57.4% from the January 31st total of 6,010,000 shares. Currently, 3.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,660,000 shares, the short-interest ratio is presently 5.7 days.
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Magna International (NYSE:MGA) Sees Strong Trading Volume - What's Next?
Magna International (NYSE:MGA) Sees Unusually-High Trading Volume - Time to Buy?
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Magna International (NYSE:MGA) Price Target Cut to $50.00 by Analysts at Raymond James
Raymond James dropped their price target on Magna International from $53.00 to $50.00 and set a "market perform" rating for the company in a research note on Tuesday.
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Royal Bank of Canada Issues Pessimistic Forecast for Magna International (NYSE:MGA) Stock Price
Royal Bank of Canada lowered their target price on shares of Magna International from $52.00 to $51.00 and set an "outperform" rating on the stock in a report on Tuesday.
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Scotiabank Lowers Magna International (NYSE:MGA) Price Target to $45.00
Scotiabank decreased their price objective on Magna International from $49.00 to $45.00 and set a "sector perform" rating for the company in a report on Tuesday.
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Magna International (NYSE:MGA) Price Target Lowered to $47.00 at TD Securities
TD Securities reduced their target price on Magna International from $50.00 to $47.00 and set a "buy" rating on the stock in a research note on Tuesday.
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Evercore ISI Has Lowered Expectations for Magna International (NYSE:MGA) Stock Price
Evercore ISI dropped their price target on shares of Magna International from $50.00 to $45.00 and set an "in-line" rating on the stock in a research note on Tuesday.
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UBS Group Issues Pessimistic Forecast for Magna International (NYSE:MGA) Stock Price
UBS Group dropped their price target on Magna International from $44.00 to $41.00 and set a "neutral" rating on the stock in a research note on Tuesday.
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Magna International (NYSE:MGA) Price Target Lowered to $47.00 at Barclays
Barclays cut their price objective on shares of Magna International from $50.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday.
Scotiabank Reaffirms Their Hold Rating on Magna International (MGA)
Magna International (MGA) Gets a Buy from RBC Capital
Evercore ISI Sticks to Their Hold Rating for Magna International (MGA)
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Magna International Inc. (NYSE:MGA) Plans Dividend Increase - $0.49 Per Share
Magna International Inc. (NYSE:MGA) (TSE:MG) announced a quarterly dividend on Friday, February 14th. Stockholders of record on Friday, February 28th will be paid a dividend of 0.485 per share on Friday, March 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Magna International's previous quarterly dividend of $0.48.
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Magna International (NYSE:MGA) Issues Quarterly Earnings Results, Beats Estimates By $0.23 EPS
Magna International (NYSE:MGA - Get Free Report) (TSE:MG) released its quarterly earnings results on Friday. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.23. The business had revenue of $10.63 billion for the quarter, compared to the consensus estimate of $10.32 billion. Magna International had a net margin of 2.52% and a return on equity of 11.88%. The company's quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm earned $1.33 earnings per share.
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Magna International (NYSE:MGA) Announces Quarterly Earnings Results
Magna International (NYSE:MGA - Get Free Report) (TSE:MG) released its earnings results on Friday. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.23. The firm had revenue of $10.63 billion for the quarter, compared to analysts' expectations of $10.32 billion. Magna International had a return on equity of 11.88% and a net margin of 2.52%. The business's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.33 earnings per share.
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Magna International (NYSE:MGA) Shares Gap Down - Here's What Happened
Magna International (NYSE:MGA) Shares Gap Down - Here's Why
Magna International, Inc. (MGA) Stock Forecasts
Magna delivers Q4 beat but shares slip on guidance miss
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Sumitomo Mitsui Trust Group Inc. Lowers Position in Magna International Inc. (NYSE:MGA)
Sumitomo Mitsui Trust Group Inc. decreased its position in Magna International Inc. (NYSE:MGA - Free Report) (TSE:MG) by 12.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,395 shar
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Brokerages Set Magna International Inc. (NYSE:MGA) Price Target at $50.24
Magna International Inc. (NYSE:MGA - Get Free Report) (TSE:MG) has been given a consensus recommendation of "Hold" by the nineteen ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six
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Magna International (MGA) to Release Earnings on Friday
Magna International (NYSE:MGA) (TSE:MG) will be releasing earnings before the market opens on Friday, February 14, Financial Modeling Prep reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=655453)
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Magna International Inc. (NYSE:MGA) Receives Average Recommendation of "Hold" from Brokerages
Magna International Inc. (NYSE:MGA - Get Free Report) (TSE:MG) has been given a consensus recommendation of "Hold" by the nineteen brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, twelve have given a hold recommendati
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Magna International (MGA) Projected to Post Earnings on Friday
Magna International (NYSE:MGA) (TSE:MG) will be releasing earnings before the market opens on Friday, February 14, Financial Modeling Prep reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=655453)
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ARGA Investment Management LP Has $107.05 Million Position in Magna International Inc. (NYSE:MGA)
ARGA Investment Management LP lifted its position in Magna International Inc. (NYSE:MGA - Free Report) (TSE:MG) by 158.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,561,491 shares of the company's stock afte
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Magna International (NYSE:MGA) Reaches New 12-Month Low - What's Next?
Magna International (NYSE:MGA) Sets New 52-Week Low - Should You Sell?
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Magna International Inc. (NYSE:MGA) Sees Significant Drop in Short Interest
Magna International Inc. (NYSE:MGA - Get Free Report) (TSE:MG) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 6,020,000 shares, a decrease of 13.0% from the December 31st total of 6,920,000 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily volume of 1,520,000 shares, the short-interest ratio is currently 4.0 days.
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TD Securities Cuts Magna International (NYSE:MGA) Price Target to $50.00
TD Securities decreased their price objective on Magna International from $52.00 to $50.00 and set a "buy" rating for the company in a research report on Monday.
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Scotiabank Issues Pessimistic Forecast for Magna International (NYSE:MGA) Stock Price
Scotiabank cut their target price on shares of Magna International from $52.00 to $49.00 and set a "sector perform" rating for the company in a research note on Monday.
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SG Americas Securities LLC Increases Stock Holdings in Magna International Inc. (NYSE:MGA)
SG Americas Securities LLC raised its stake in Magna International Inc. (NYSE:MGA - Free Report) (TSE:MG) by 29.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,643 shares of the company's stock after purchasing
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DGS Capital Management LLC Raises Stock Position in Magna International Inc. (NYSE:MGA)
DGS Capital Management LLC grew its holdings in Magna International Inc. (NYSE:MGA - Free Report) (TSE:MG) by 111.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,048 shares of the company's stock after purchasing an additional 11,07
RBC Capital Sticks to Their Buy Rating for Magna International (MGA)
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Magna International (NYSE:MGA) Stock Rating Upgraded by Royal Bank of Canada
Royal Bank of Canada upgraded Magna International from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $41.00 to $52.00 in a research note on Friday.
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MGA Media Mentions By Week

MGA Media Sentiment

Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.

MGA
News Sentiment

0.27

0.62

Average
Auto/Tires/Trucks
News Sentiment

MGA News Coverage

We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.

MGA Articles
This Week

6

4

MGA Articles
Average Week

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This page (NYSE:MGA) was last updated on 3/3/2025 by MarketBeat.com Staff
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