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

Magna International Inc. (NYSE:MGA) (TSE:MG) has been given an average recommendation of “Hold” by the twenty brokerages that are covering the stock, Marketbeat.com reports. One investment 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 1 year price objective among brokers that have updated their coverage on the stock in the last year is $63.1250.

MGA has been the topic of a number of research reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $57.00 price objective on shares of Magna International in a research note on Wednesday, April 29th. Morgan Stanley increased their price objective on shares of Magna International from $54.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 18th. TD Securities increased their price objective on shares of Magna International from $58.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Barclays cut their price objective on shares of 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. Finally, Citigroup increased their price objective on shares of Magna International from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd.

Magna International Trading Down 0.9%

Shares of Magna International stock opened at $62.54 on Tuesday. The firm has a market capitalization of $17.16 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 0.78 and a beta of 1.44. Magna International has a 12-month low of $34.94 and a 12-month high of $69.94. The firm’s 50 day simple moving average is $58.33 and its two-hundred day simple moving average is $54.98. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.38.

Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings data on Friday, May 1st. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.37. The firm had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.14 billion. Magna International had a net margin of 1.60% and a return on equity of 14.01%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Analysts predict that Magna International will post 6.84 EPS for the current year.

Magna International Dividend Announcement

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

Institutional Trading of Magna International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Community Bank N.A. acquired a new stake in Magna International during the third quarter valued at $29,000. EverSource Wealth Advisors LLC grew its position 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 buying an additional 205 shares during the period. Oslo Pensjonsforsikring AS acquired a new stake in Magna International during the first quarter valued at $45,000. IFC & Insurance Marketing Inc. acquired a new stake in Magna International during the fourth quarter valued at $49,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in Magna International during the fourth 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.