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TSE:MG

Magna International (MG) Stock Price, News & Analysis

Magna International logo
C$62.31 -0.06 (-0.10%)
(As of 12/17/2024 05:32 PM ET)

About Magna International Stock (TSE:MG)

Key Stats

Today's Range
C$61.87
C$63.16
50-Day Range
C$54.97
C$65.05
52-Week Range
C$51.79
C$79.98
Volume
979,967 shs
Average Volume
1.27 million shs
Market Capitalization
C$17.90 billion
P/E Ratio
13.15
Dividend Yield
4.11%
Price Target
C$60.00
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™

See Top Rated MarketRank™ Stocks
44th Percentile Overall Score

MG MarketRank™: 

Magna International scored higher than 44% of companies evaluated by MarketBeat. 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 2.25, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Magna International has only been the subject of 2 research reports in the past 90 days.

  • Read more about Magna International's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Magna International is 13.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.49.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Magna International is 13.15, which means that it is trading at a less expensive P/E ratio than the Consumer Cyclical sector average P/E ratio of about 390.60.

  • Price to Earnings Growth Ratio

    Magna International has a PEG Ratio of 0.45. 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 1.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for MG.
  • Dividend Leadership

    Magna International is a leading dividend payer. It pays a dividend yield of 4.39%, 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 54.01%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about Magna International's dividend.
  • Short Interest

    There is no current short interest data available for MG.
  • News Sentiment

    Magna International has a news sentiment score of 0.12. 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 0.40 average news sentiment score of Consumer Cyclical companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Magna International this week, compared to 2 articles on an average week.
  • Search Interest

    5 people have searched for MG on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.
  • MarketBeat Follows

    2 people have added Magna International to their MarketBeat watchlist in the last 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 6.18% of the stock of Magna International is held by insiders.

  • Percentage Held by Institutions

    76.11% 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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MG Stock Analysis - Frequently Asked Questions

Magna International's stock was trading at C$78.29 at the start of the year. Since then, MG shares have decreased by 20.4% and is now trading at C$62.31.
View the best growth stocks for 2024 here
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Magna International investors own include Toronto-Dominion Bank (TD), Enbridge (ENB), Bank of Nova Scotia (BNS), NVIDIA (NVDA), Royal Bank of Canada (RY), TELUS (T) and Meta Platforms (META).

Company Calendar

Ex-Dividend for 11/29 Dividend
11/15/2024
Dividend Payable
11/29/2024
Today
12/17/2024

Industry, Sector and Symbol

Industry
Auto Parts
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
165,000
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
-3.7%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
C$987 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$43.07 billion
Cash Flow
C$3.03 per share
Book Value
C$40.46 per share

Miscellaneous

Free Float
N/A
Market Cap
C$17.90 billion
Optionable
Not Optionable
Beta
1.60
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This page (TSE:MG) was last updated on 12/18/2024 by MarketBeat.com Staff
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