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

Shares of Magna International Inc. (NYSE:MGA) (TSE:MG) have been assigned a consensus rating of “Hold” from the twenty analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $65.60.

A number of research analysts have weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of Magna International from $60.00 to $52.00 and set a “sell” rating on the stock in a research note on Tuesday, April 14th. Wells Fargo & Company decreased their price target on shares of Magna International from $69.00 to $59.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. Veritas upgraded Magna International to a “strong-buy” rating in a research note on Monday, May 4th. TD increased their price objective on Magna International from $75.00 to $76.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. decreased their target price on Magna International from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd.

Magna International Trading Down 1.5%

NYSE MGA opened at $66.53 on Friday. The business’s fifty day moving average is $64.66 and its 200-day moving average is $60.13. 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 stock has a market capitalization of $17.79 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 0.90 and a beta of 1.44. Magna International has a one year low of $40.51 and a one year high of $69.94.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings results on Friday, May 1st. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.37. Magna International had a net margin of 1.60% and a return on equity of 14.01%. The company had revenue of $10.13 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Equities research analysts predict that Magna International will post 6.86 EPS for the current year.

Magna International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.495 per share. The ex-dividend date was Friday, May 15th. This represents a $1.98 annualized dividend and a dividend yield of 3.0%. Magna International’s dividend payout ratio is presently 82.85%.

Institutional Investors Weigh In On Magna International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Magna International by 35.7% during the fourth 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 last quarter. Oslo Pensjonsforsikring AS purchased a new position in shares of Magna International in the first quarter worth about $45,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Magna International in the fourth quarter valued at approximately $49,000. Atlas Capital Advisors Inc. bought a new stake in shares of Magna International in the fourth quarter valued at approximately $67,000. Finally, Danske Bank A S purchased a new stake in shares of Magna International during the 3rd quarter valued at approximately $112,000. 67.49% of the stock is currently owned by institutional investors.

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.