Magna International Inc. (NYSE:MGA) Receives $65.47 Average Price Target from Analysts

Magna International Inc. (NYSE:MGA) (TSE:MG) has been given an average recommendation of “Hold” by the twenty brokerages that are currently covering the company, Marketbeat 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 12-month target price among brokers that have covered the stock in the last year is $65.4667.

MGA has been the topic of several recent research reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $57.00 target price on shares of Magna International in a research report on Wednesday, April 29th. Zacks Research downgraded shares of Magna International from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. TD lifted their target price on shares of Magna International from $75.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. The Goldman Sachs Group cut 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 report on Tuesday, April 14th. Finally, Wells Fargo & Company cut their target price on shares of Magna International from $69.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st.

Magna International Trading Down 1.2%

MGA opened at $64.55 on Wednesday. The company’s 50 day moving average is $63.76 and its 200-day moving average is $58.88. Magna International has a 1-year low of $37.87 and a 1-year high of $69.94. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.38. The company has a market cap of $17.57 billion, a P/E ratio of 27.01, a PEG ratio of 0.89 and a beta of 1.43.

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 analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the company posted $0.78 EPS. The firm’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. Equities research analysts predict that Magna International will post 6.87 earnings per share for the current fiscal year.

Magna International Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. 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 lifted its position 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 purchasing an additional 205 shares during the period. 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. bought a new stake in shares of Magna International in the 4th quarter valued at $67,000. Institutional investors and hedge funds own 67.49% of the company’s stock.

About Magna International

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.