Magna International Inc. (NYSE:MGA – Get Free Report) (TSE:MG) has been assigned a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $68.20.
Several research analysts recently weighed in on the stock. Veritas raised shares of Magna International to a “strong-buy” rating in a report on Monday, May 4th. Citigroup boosted their price objective on Magna International from $58.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Scotiabank upped their price objective on Magna International from $74.00 to $78.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 3rd. UBS Group increased their target price on Magna International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada lifted their target price on Magna International from $66.00 to $69.00 and gave the company a “sector perform” rating in a research note on Monday, August 3rd.
Get Our Latest Research Report on Magna International
Hedge Funds Weigh In On Magna International
Magna International Price Performance
NYSE MGA opened at $70.99 on Thursday. Magna International has a 12 month low of $43.11 and a 12 month high of $71.99. The stock has a market cap of $18.98 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 0.76 and a beta of 1.44. The company’s 50 day moving average is $66.85 and its two-hundred day moving average is $62.50. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.38.
Magna International (NYSE:MGA – Get Free Report) (TSE:MG) last posted its quarterly earnings results on Friday, July 31st. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.33. The business had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.63 billion. Magna International had a net margin of 1.80% and a return on equity of 15.04%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 earnings per share. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. As a group, research analysts anticipate that Magna International will post 7.07 earnings per share for the current year.
Magna International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 14th. Magna International’s dividend payout ratio (DPR) is 71.74%.
About Magna International
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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