Magna International Inc. (NYSE:MGA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Magna International Inc. (NYSE:MGAGet Free Report) (TSE:MG) have been assigned an average recommendation of “Hold” from the twenty brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $65.7333.

Several research analysts have commented on MGA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Magna International in a research note on Friday, May 29th. Citigroup lifted their price target on shares of Magna International from $58.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. TD increased their price objective on shares of Magna International from $75.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce decreased their price objective on shares of Magna International to $74.00 in a research note on Monday, May 4th. Finally, UBS Group upped their target price on Magna International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th.

View Our Latest Report on MGA

Institutional Trading of Magna International

Institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its stake in shares of Magna International by 35.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock valued at $42,000 after purchasing an additional 205 shares during the period. 1620 Investment Advisors Inc. increased its stake in Magna International by 2.7% in the 4th quarter. 1620 Investment Advisors Inc. now owns 8,232 shares of the company’s stock worth $439,000 after buying an additional 215 shares during the period. Van ECK Associates Corp lifted its holdings in Magna International by 2.6% during the 4th quarter. Van ECK Associates Corp now owns 9,114 shares of the company’s stock valued at $486,000 after buying an additional 235 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Magna International by 1.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,241 shares of the company’s stock valued at $675,000 after buying an additional 246 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Magna International by 9.1% in the 1st quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock valued at $184,000 after buying an additional 275 shares during the period. 67.49% of the stock is currently owned by institutional investors.

Magna International Price Performance

NYSE:MGA opened at $65.63 on Friday. The firm has a market capitalization of $17.55 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 0.90 and a beta of 1.44. Magna International has a 1 year low of $40.51 and a 1 year high of $69.94. The business has a 50 day simple moving average of $65.10 and a 200-day simple moving average of $60.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.22 and a quick ratio of 0.88.

Magna International (NYSE:MGAGet Free Report) (TSE:MG) last released its earnings results on Friday, May 1st. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.37. Magna International had a return on equity of 14.01% and a net margin of 1.60%.The firm had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Equities analysts forecast that Magna International will post 6.82 EPS for the current year.

Magna International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $0.495 dividend. This represents a $1.98 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. Magna International’s dividend payout ratio is 82.85%.

Magna International Company Profile

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Magna International Inc is a leading global automotive supplier specializing in the design, engineering, and manufacturing of vehicle systems, assemblies, modules, and components. Headquartered in Aurora, Ontario, the company partners with major original equipment manufacturers (OEMs) to develop technologies and solutions that enhance vehicle performance, safety, comfort, and fuel efficiency. Magna’s broad portfolio encompasses body exteriors and structures, powertrain systems, seating and interiors, roof systems, mirror systems, and advanced driver assistance systems (ADAS).

The company operates more than 350 manufacturing and assembly facilities and over 100 innovation centers across 27 countries, serving customers in North America, Europe, Asia, South America, and Africa.

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Analyst Recommendations for Magna International (NYSE:MGA)

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