Magna International (NYSE:MGA) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Magna International Inc. (NYSE:MGA) (TSE:MG) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $57.74 and traded as high as $66.87. Magna International shares last traded at $66.6560, with a volume of 728,510 shares trading hands.

Wall Street Analysts Forecast Growth

MGA has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price objective on Magna International from $69.00 to $59.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Veritas upgraded Magna International to a “strong-buy” rating in a report on Monday, May 4th. UBS Group decreased their target price on shares of Magna International from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. JPMorgan Chase & Co. lowered their price target on shares of Magna International from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Magna International in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $64.19.

Magna International Price Performance

The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 0.91 and a beta of 1.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.88 and a current ratio of 1.22. The business has a 50 day moving average price of $62.00 and a 200-day moving average price of $57.74.

Magna International (NYSE:MGA) (TSE:MG) last announced its earnings results on Friday, May 1st. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.01 by $0.37. The company had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.14 billion. Magna International had a return on equity of 14.01% and a net margin of 1.60%.The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 EPS. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Research analysts predict that Magna International Inc. will post 6.87 EPS for the current fiscal year.

Magna International Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in Magna International by 115.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,675 shares of the company’s stock worth $93,000 after purchasing an additional 896 shares during the period. Public Employees Retirement System of Ohio increased its stake in Magna International by 43.5% in the first quarter. Public Employees Retirement System of Ohio now owns 199,358 shares of the company’s stock valued at $11,095,000 after purchasing an additional 60,432 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new position in shares of Magna International during the first quarter valued at about $45,000. Parallel Advisors LLC boosted its position in shares of Magna International by 9.1% during the 1st quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock worth $184,000 after purchasing an additional 275 shares in the last quarter. Finally, Mediolanum International Funds Ltd boosted its position in shares of Magna International by 83.1% during the 1st quarter. Mediolanum International Funds Ltd now owns 134,736 shares of the company’s stock worth $7,210,000 after purchasing an additional 61,151 shares in the last quarter. Institutional investors and hedge funds own 67.49% of the company’s stock.

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.