Several analysts have recently updated their ratings and price targets for Magna International (NYSE: MGA):

  • 9/20/2017 – Magna International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $58.00 price target on the stock. According to Zacks, “Zacks Consensus Estimate for Magna International’s third quarter earnings has been going up of late. The company is well positioned to benefit from its leading position in the industry as well as its operational efficiency and diverse product portfolio. Moreover, its expansion strategies in emerging markets and focus on innovation for strong growth are expected to have a positive impact on its financials. Further, Magna International expects notable growth opportunities of its business through acquisitions and collaborations. The company also undertakes regular capital deployments in order to enhance shareholder value.”
  • 9/17/2017 – Magna International had its “buy” rating reaffirmed by analysts at KeyCorp.
  • 9/15/2017 – Magna International had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $47.00 price target on the stock.
  • 9/14/2017 – Magna International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “Zacks Consensus Estimate for Magna International for the third quarter earnings have been going up of late. The company is well positioned to benefit from its leading position in the industry as well as its operational efficiency and diverse product portfolio. Moreover, its expansion strategies in emerging markets and focus on innovation for strong growth are expected to have a positive impact on its financials. Further, Magna International expects notable growth opportunities of its business through acquisitions and collaborations. The company also undertakes regular capital deployments in order to enhance shareholder value.”
  • 9/13/2017 – Magna International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Zacks Consensus Estimate for Magna International for the third quarter earnings have been going up of late. The company is well positioned to benefit from its leading position in the industry as well as its operational efficiency and diverse product portfolio. Moreover, its expansion strategies in emerging markets and focus on innovation for strong growth are expected to have a positive impact on its financials. Further, Magna International expects notable growth opportunities of its business through acquisitions and collaborations. The company also undertakes regular capital deployments in order to enhance shareholder value.”
  • 9/6/2017 – Magna International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “Estimates for Magna International for the third quarter have been going up of late. The company is well positioned to benefit from its leading position in the industry as well as its operational efficiency and diverse product portfolio. Moreover, its expansion strategies in emerging markets and focus on innovation for strong growth are expected to have a positive impact on its financials. Further, Magna International expects notable growth opportunities of its business through acquisitions and collaborations. The company also undertakes regular capital deployments in order to enhance shareholder value.”
  • 9/4/2017 – Magna International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Magna International is well positioned to benefit from its leading position in the industry as well as its operational efficiency and diverse product portfolio. The company regularly undertakes capital deployment in order to enhance shareholder value. Also, its expansion strategy in emerging markets is expected to support results. However, in the current fiscal, Magna International’s light vehicle production is expected to decline in North America which is presumed to have a negative impact in the sales figure. Also, fluctuating foreign currencies against the U.S. dollar will adversely affect the company’s sales and earnings.”
  • 9/1/2017 – Magna International was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 8/28/2017 – Magna International was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $47.00 price target on the stock, down previously from $56.00.
  • 8/17/2017 – Magna International had its price target raised by analysts at Citigroup Inc. from $54.00 to $55.00. They now have a “buy” rating on the stock.
  • 8/16/2017 – Magna International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock. According to Zacks, “Magna International reported better-than-expected second-quarter 2017 earnings per as well as revenues. Both earnings per share and revenues rose year over year too. For 2017, Magna International raised revenues projections for the Vehicle Production, Complete Vehicle Assembly as well as the total revenues. It also raised production guidance in Europe for 2017. Also, Magna International regularly undertakes capital deployment in order to enhance shareholder value. Its expansion strategy in emerging markets is expected to support results. However, in the current fiscal, Magna International’s light vehicle production is expected to decline in North America. Also, fluctuating foreign currencies against the U.S. dollar will adversely affect the company’s sales and earnings. Magna International underperformed the industry it belongs to over the last three months.”
  • 8/14/2017 – Magna International had its price target raised by analysts at Royal Bank Of Canada from $60.00 to $61.00. They now have an “outperform” rating on the stock.
  • 8/14/2017 – Magna International had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $61.00 price target on the stock, up previously from $59.00.
  • 8/14/2017 – Magna International had its price target raised by analysts at TD Securities from $55.00 to $56.00. They now have a “buy” rating on the stock.

Shares of Magna International, Inc. (NYSE:MGA) opened at 53.86 on Wednesday. Magna International, Inc. has a one year low of $36.77 and a one year high of $54.45. The firm has a 50-day moving average of $49.70 and a 200-day moving average of $45.87. The company has a market capitalization of $19.92 billion, a P/E ratio of 9.73 and a beta of 1.46.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings results on Friday, August 11th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. Magna International had a return on equity of 20.01% and a net margin of 5.73%. The business had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.50 billion. During the same quarter in the prior year, the business earned $1.41 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts expect that Magna International, Inc. will post $5.89 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.275 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $1.10 annualized dividend and a dividend yield of 2.04%. Magna International’s dividend payout ratio is currently 19.86%.

Magna International Inc (Magna) is a global automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.

Receive News & Ratings for Magna International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magna International Inc and related companies with MarketBeat.com's FREE daily email newsletter.