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Stock market today: World shares mostly higher after S&P 500 tops 5,000
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
New Trump Bombshell (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Biden Out, _______ In? (Ad)
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Airbnb stock bulls just went all in before earnings
An Unusual Way to Invest in Gold (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
Stock market today: World shares mostly higher after S&P 500 tops 5,000
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
New Trump Bombshell (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Biden Out, _______ In? (Ad)
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Airbnb stock bulls just went all in before earnings
An Unusual Way to Invest in Gold (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
Stock market today: World shares mostly higher after S&P 500 tops 5,000
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
New Trump Bombshell (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Biden Out, _______ In? (Ad)
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Airbnb stock bulls just went all in before earnings
An Unusual Way to Invest in Gold (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
Stock market today: World shares mostly higher after S&P 500 tops 5,000
NYSE:MGA

Magna International (MGA) Stock Price, News & Analysis

$54.69
-3.99 (-6.80%)
(As of 02/9/2024 08:56 PM ET)
Today's Range
$53.70
$56.67
50-Day Range
$53.93
$59.82
52-Week Range
$46.71
$65.27
Volume
3.81 million shs
Average Volume
1.16 million shs
Market Capitalization
$15.68 billion
P/E Ratio
12.96
Dividend Yield
3.36%
Price Target
$66.67

Magna International MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
21.9% Upside
$66.67 Price Target
Short Interest
Healthy
2.40% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.16mentions of Magna International in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.70%
From $6.64 to $7.55 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.

4.53 out of 5 stars

Auto/Tires/Trucks Sector

6th out of 85 stocks

Motor Vehicle Parts & Accessories Industry

4th out of 31 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, exterior, and roof systems, as well as battery enclosures and engineering and testing services, including fascia and trims, front end modules, integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, breakthrough lightings, quarter windows, encapsulated glasses, and side doors. 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; engineering services; advanced driver assistance systems sensors and, and electronic control units; interior and exterior mirrors, camera and driver monitoring systems and electronics, actuators, door handles, and overhead consoles; forward, rear, and auxiliary lighting products; latching, door modules, window, power closure, and hinges and wire forming systems; 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. The company also designs, engineers, and manufactures tooling products. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.

MGA Stock Price History

MGA Stock News Headlines

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Magna International (MGA) to Release Quarterly Earnings on Friday
RBC Capital Reaffirms Their Hold Rating on Magna International (MGA)
Barclays Keeps Their Hold Rating on Magna International (MGA)
Magna Unveils Next Generation eDrive at CES 2024
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Is Magna A Good Buy After The Recent Earnings Event?
Here's Why Magna (MGA) is a Strong Value Stock
See More Headlines
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Company Calendar

Ex-Dividend for 12/1 Dividend
11/16/2023
Dividend Payable
12/01/2023
Last Earnings
2/09/2024
Today
2/12/2024
Ex-Dividend for 3/8 Dividend
2/22/2024
Dividend Payable
3/08/2024
Next Earnings (Estimated)
5/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
N/A
Employees
168,000
Year Founded
1957

Price Target and Rating

Average Stock Price Target
$66.67
High Stock Price Target
$85.00
Low Stock Price Target
$58.00
Potential Upside/Downside
+21.9%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
15 Analysts

Profitability

Net Income
$592 million
Pretax Margin
3.44%

Debt

Sales & Book Value

Annual Sales
$37.84 billion
Cash Flow
$9.02 per share
Book Value
$39.64 per share

Miscellaneous

Free Float
285,346,000
Market Cap
$15.68 billion
Optionable
Optionable
Beta
1.71

Social Links

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Key Executives

  • Mr. Seetarama Swamy Kotagiri M.Sc. (Age 55)
    CEO & Director
    Comp: $3.77M
  • Mr. Patrick W. D. McCann
    Executive VP & CFO
  • Mr. Eric Jon Wilds
    Executive VP and Chief Sales & Marketing Officer
  • 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
  • Mr. Aaron David McCarthy
    Executive VP & Chief Human Resources Officer
  • Sharath Reddy
    Senior Vice President-Electronics














MGA Stock Analysis - Frequently Asked Questions

Should I buy or sell Magna International stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last twelve months. There are currently 9 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MGA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGA, but not buy additional shares or sell existing shares.
View MGA analyst ratings
or view top-rated stocks.

What is Magna International's stock price target for 2024?

15 equities research analysts have issued twelve-month price targets for Magna International's stock. Their MGA share price targets range from $58.00 to $85.00. On average, they anticipate the company's share price to reach $66.67 in the next year. This suggests a possible upside of 21.9% from the stock's current price.
View analysts price targets for MGA
or view top-rated stocks among Wall Street analysts.

How have MGA shares performed in 2024?

Magna International's stock was trading at $59.08 on January 1st, 2024. Since then, MGA stock has decreased by 7.4% and is now trading at $54.69.
View the best growth stocks for 2024 here
.

When is Magna International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our MGA earnings forecast
.

How were Magna International's earnings last quarter?

Magna International Inc. (NYSE:MGA) announced its earnings results on Friday, February, 9th. The company reported $1.33 EPS for the quarter, missing analysts' consensus estimates of $1.46 by $0.13. The firm had revenue of $10.45 billion for the quarter, compared to analysts' expectations of $10.44 billion. Magna International had a trailing twelve-month return on equity of 13.33% and a net margin of 2.83%. Magna International's revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS.

How often does Magna International pay dividends? What is the dividend yield for Magna International?

Magna International announced a quarterly dividend on Friday, February 9th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.475 per share on Friday, March 8th. This represents a $1.90 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, February 22nd. This is an increase from the stock's previous quarterly dividend of $0.46.
Read our dividend analysis for MGA
.

Is Magna International a good dividend stock?

Magna International (NYSE:MGA) pays an annual dividend of $1.84 per share and currently has a dividend yield of 3.36%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 43.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGA will have a dividend payout ratio of 24.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGA.

When did Magna International's stock split?

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 issued shares were issued to shareholders after the closing bell on Wednesday, March 25th 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What guidance has Magna International issued on next quarter's earnings?

Magna International updated its FY 2024 earnings guidance on Friday, February, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $43.8 billion-$45.4 billion, compared to the consensus revenue estimate of $45.0 billion.

What other stocks do shareholders of Magna International own?

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

Who are Magna International's major shareholders?

Magna International's stock is owned by a number of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.33%), Russell Investments Group Ltd. (0.28%), QV Investors Inc. (0.23%), ARK Investment Management LLC (0.11%), Genus Capital Management Inc. (0.00%) and Nikko Asset Management Americas Inc. (0.06%).

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.

Does Magna International have any subsidiaries?
The following companies are subsidiares of Magna International: 1305290 Ontario Inc., 175 Holdings ULC, Automobiltechnik Durbheim, BDW technologies, BluWav Systems, BÖCO, Cadence Innovation, Continental Plastics, Cosma International of America Inc., E-Car, Erhard & Söhne, Getrag, Grenville Castings, Honglizhixin, Intier Automotive of America Holdings Inc., Intier Automotive of America Inc., MAGNA Automotive Europe GmbH, MAGNA Automotive Holding (Germany) GmbH, MAGNA Automotive Holding GmbH, MAGNA INTERNATIONAL (HONG KONG) LIMITED, MAGNA International Automotive Holding GmbH, MAGNA Metalforming GmbH, MAGNA Powertrain GmbH, MAGNA Telemotive, Magna Exteriors Holdings Inc., Magna Exteriors Inc., Magna Exteriors of America Inc., Magna Internacional de Mexico S.A. de C.V., Magna International Investments S.A., Magna Mirrors of America Inc., Magna PT Holding GmbH, Magna Powertrain GmbH & Co KG, Magna Powertrain Inc., Magna Powertrain de Mexico S.A. de C.V., Magna Seating Inc., Magna Seating of America Inc., Magna Steyr AG & Co. KG, Magna Steyr Fahrzeugtechnik AG & Co. KG, Magna Treasury Services LP, Magna US Holding Inc., Meridian Automotive Systems, OLSA, Ogihara America, Optimus Ride, Pabsa, Plastech Engineered Products, Pressac Investments, Resil Minas, STT, Stadco Automotive, Techform, Technoplast, Textile Competence Centre, ThyssenKrupp Automotive Systems Industrial do Brasil, VIZA GECA, Wuhu Youth Tongyang Auto Plastic Parts, and ixetic Verwaltungs.
Read More
This page (NYSE:MGA) was last updated on 2/12/2024 by MarketBeat.com Staff

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