Magna International Inc. (NYSE:MGA) Receives Average Rating of “Hold” from Brokerages

Shares of Magna International Inc. (NYSE:MGA) (TSE:MG) have been assigned an average recommendation of “Hold” from the twenty research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $63.1250.

Several equities analysts recently issued reports on MGA shares. JPMorgan Chase & Co. lowered their price target on Magna International from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Morgan Stanley upped their price objective on Magna International from $54.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 18th. Raymond James Financial upped their price objective on Magna International from $50.00 to $75.00 and gave the company a “market perform” rating in a research note on Tuesday, February 17th. Wells Fargo & Company lowered their price objective on Magna International from $69.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Finally, TD upped their price objective on Magna International from $75.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, May 4th.

Magna International Trading Down 2.0%

Shares of MGA opened at $64.80 on Friday. Magna International has a 12-month low of $35.34 and a 12-month high of $69.94. The company has a quick ratio of 0.88, a current ratio of 1.22 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $17.64 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of 0.90 and a beta of 1.44. The stock’s 50-day moving average price is $59.59 and its 200 day moving average price is $56.48.

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

Magna International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.495 dividend. This represents a $1.98 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, May 15th. Magna International’s payout ratio is presently 82.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Community Bank N.A. acquired a new position in shares of Magna International in the 3rd quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Magna International by 35.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock worth $42,000 after acquiring an additional 205 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new position in shares of Magna International in the 1st quarter worth approximately $45,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Magna International in the 4th quarter worth approximately $49,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Magna International in the 4th quarter worth approximately $67,000. 67.49% of the stock is owned by institutional investors and hedge funds.

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.