Brokerages Set Magna International Inc. (NYSE:MGA) PT at $63.25

Magna International Inc. (NYSE:MGA) (TSE:MG) has earned a consensus rating of “Hold” from the twenty research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $63.1250.

MGA has been the topic of a number of research analyst reports. Citigroup raised their target price on shares of Magna International from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. TD Securities raised their target price on shares of Magna International from $58.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. UBS Group cut their target price on shares of Magna International from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Raymond James Financial raised their target price on shares of Magna International from $50.00 to $75.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. Finally, TD raised their target price on shares of Magna International from $75.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, May 4th.

Magna International Stock Performance

NYSE MGA opened at $63.05 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $17.30 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 0.78 and a beta of 1.44. The firm’s 50 day simple moving average is $58.40 and its 200 day simple moving average is $54.74. Magna International has a 1 year low of $34.54 and a 1 year high of $69.94.

Magna International (NYSE:MGA) (TSE:MG) last issued its earnings results on Friday, May 1st. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.37. Magna International had a net margin of 1.60% and a return on equity of 14.01%. The firm had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business posted $0.78 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. As a group, research analysts expect that Magna International will post 6.84 earnings per share for the current fiscal year.

Magna International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.495 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.98 dividend on an annualized basis and a yield of 3.1%. Magna International’s dividend payout ratio (DPR) is currently 82.85%.

Hedge Funds Weigh In On Magna International

Hedge funds have recently modified their holdings of the business. Community Bank N.A. acquired a new position in shares of Magna International during the third quarter worth $29,000. EverSource Wealth Advisors LLC lifted its holdings 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 worth $42,000 after purchasing an additional 205 shares during the period. Oslo Pensjonsforsikring AS acquired a new position in shares of Magna International during the first quarter worth $45,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Magna International during the fourth quarter worth $49,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Magna International during the fourth quarter worth $67,000. 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.