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

Shares of Magna International Inc. (NYSE:MGA) (TSE:MG) have been assigned a consensus rating of “Hold” from the twenty analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $65.4667.

MGA has been the topic of several recent research reports. Citigroup raised their price objective on Magna International from $58.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. decreased their price objective 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. Barclays decreased their target price on Magna International from $67.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Monday, March 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Magna International in a research note on Friday, May 29th. Finally, The Goldman Sachs Group decreased their target price on Magna International from $60.00 to $52.00 and set a “sell” rating on the stock in a research note on Tuesday, April 14th.

Institutional Trading of Magna International

Several institutional investors and hedge funds have recently added to or reduced their stakes in MGA. Community Bank N.A. bought a new stake in Magna International during the 3rd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC raised its stake in Magna International by 35.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock valued at $42,000 after purchasing an additional 205 shares during the period. Oslo Pensjonsforsikring AS bought a new stake in Magna International during the 1st quarter valued at approximately $45,000. IFC & Insurance Marketing Inc. bought a new stake in Magna International during the 4th quarter valued at approximately $49,000. Finally, Atlas Capital Advisors Inc. bought a new stake in Magna International during the 4th quarter valued at approximately $67,000. Institutional investors own 67.49% of the company’s stock.

Magna International Stock Down 2.2%

NYSE MGA opened at $64.50 on Wednesday. The stock’s 50-day moving average price is $63.33 and its 200-day moving average price is $58.62. The company has a quick ratio of 0.88, a current ratio of 1.22 and a debt-to-equity ratio of 0.38. Magna International has a 52 week low of $37.16 and a 52 week high of $69.94. The company has a market capitalization of $17.56 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 0.90 and a beta of 1.43.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings data on Friday, May 1st. The company reported $1.38 EPS for the quarter, topping 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 the consensus estimate of $10.14 billion. During the same quarter last year, the company earned $0.78 earnings per share. The business’s revenue for the quarter 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. On average, equities research analysts predict that Magna International will post 6.87 earnings per share for the current year.

Magna International Dividend Announcement

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

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.