Magna International Inc. (NYSE:MGA) Receives $67.93 Consensus Price Target from Analysts

Magna International Inc. (NYSE:MGA) (TSE:MG) has earned an average recommendation of “Hold” from the nineteen research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $67.9333.

Several research firms have recently commented on MGA. Weiss Ratings upgraded shares of Magna International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. Citigroup lifted their price objective on shares of Magna International from $58.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. boosted their target price on shares of Magna International from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Veritas upgraded shares of Magna International to a “strong-buy” rating in a research report on Monday, May 4th. Finally, UBS Group raised their price target on shares of Magna International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th.

Institutional Trading of Magna International

Several large investors have recently added to or reduced their stakes in MGA. Kendall Capital Management bought a new stake in Magna International during the 2nd quarter valued at $1,176,000. Plato Investment Management Ltd acquired a new position in Magna International during the 2nd quarter worth $7,473,000. Bank of New York Mellon Corp bought a new position in shares of Magna International in the second quarter worth $28,495,000. Hudson Value Partners LLC bought a new position in shares of Magna International in the second quarter worth $609,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Magna International by 115.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,675 shares of the company’s stock valued at $93,000 after purchasing an additional 896 shares during the period. 67.49% of the stock is currently owned by institutional investors and hedge funds.

Magna International Trading Up 0.4%

NYSE:MGA opened at $70.24 on Thursday. Magna International has a 12-month low of $43.11 and a 12-month high of $71.96. The firm has a market capitalization of $18.78 billion, a P/E ratio of 25.45, a P/E/G ratio of 0.76 and a beta of 1.44. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.22 and a quick ratio of 0.88. The business has a 50 day simple moving average of $66.53 and a 200 day simple moving average of $62.06.

Magna International (NYSE:MGA) (TSE:MG) last issued its quarterly earnings data on Friday, July 31st. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.33. Magna International had a return on equity of 15.04% and a net margin of 1.80%.The firm had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.63 billion. During the same period in the prior year, the business earned $1.44 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. Equities research analysts predict that Magna International will post 7.05 EPS for the current year.

Magna International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.495 per share. The ex-dividend date is Friday, August 14th. This represents a $1.98 annualized dividend and a dividend yield of 2.8%. Magna International’s payout ratio is currently 71.74%.

Magna International Company Profile

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.