Magna International (NYSE:MGA) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Magna International Inc. (NYSE:MGA) (TSE:MG) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $59.24 and traded as high as $65.70. Magna International shares last traded at $63.16, with a volume of 789,954 shares.

Wall Street Analyst Weigh In

Several research firms have issued reports on MGA. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Magna International in a report on Friday, May 29th. Scotiabank upgraded shares of Magna International from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $69.00 to $72.00 in a research report on Friday, April 24th. TD raised their price target on shares of Magna International from $75.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce cut their price objective on Magna International to $74.00 in a research note on Monday, May 4th. Finally, UBS Group decreased their target price on Magna International from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $65.47.

Magna International Trading Up 0.0%

The company’s 50 day moving average price is $64.07 and its two-hundred day moving average price is $59.31. 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 $16.93 billion, a PE ratio of 26.24, a P/E/G ratio of 0.86 and a beta of 1.44.

Magna International (NYSE:MGA) (TSE:MG) last announced its quarterly earnings data 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 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 analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the company earned $0.78 EPS. Magna International’s 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, analysts expect that Magna International Inc. will post 6.87 earnings per share for the current year.

Magna International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.495 dividend. This represents a $1.98 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, May 15th. Magna International’s dividend payout ratio (DPR) is currently 82.85%.

Institutional Trading of Magna International

Several large investors have recently added to or reduced their stakes in MGA. ARGA Investment Management LP boosted its position in shares of Magna International by 1.1% during the 4th quarter. ARGA Investment Management LP now owns 4,193,129 shares of the company’s stock valued at $223,512,000 after acquiring an additional 44,996 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Magna International by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 2,426,843 shares of the company’s stock valued at $128,774,000 after purchasing an additional 154,710 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Magna International by 7.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,090,887 shares of the company’s stock valued at $111,549,000 after buying an additional 151,819 shares during the period. Hillsdale Investment Management Inc. increased its holdings in shares of Magna International by 14.8% during the 1st quarter. Hillsdale Investment Management Inc. now owns 832,575 shares of the company’s stock worth $46,486,000 after buying an additional 107,150 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Magna International by 2.8% during the 1st quarter. Bank of New York Mellon Corp now owns 487,633 shares of the company’s stock worth $27,215,000 after buying an additional 13,439 shares during the last quarter. 67.49% of the stock is currently owned by hedge funds and other institutional investors.

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.