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

Magna International Inc. (NYSE:MGA) (TSE:MG) has received a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $67.9333.

MGA has been the topic of several recent research reports. Zacks Research lowered Magna International from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Canadian Imperial Bank of Commerce decreased their price objective on Magna International to $74.00 in a report on Monday, May 4th. UBS Group upped their target price on Magna International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. TD increased their target price on Magna International from $75.00 to $76.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company lifted their price target on shares of Magna International from $62.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd.

Magna International Stock Performance

NYSE:MGA opened at $71.39 on Thursday. 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 twelve month low of $43.11 and a twelve month high of $71.96. The company has a fifty day moving average of $66.62 and a 200-day moving average of $62.24. The firm has a market capitalization of $19.09 billion, a P/E ratio of 25.87, a P/E/G ratio of 0.76 and a beta of 1.44.

Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings data on Friday, July 31st. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.33. The company had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.63 billion. Magna International had a net margin of 1.80% and a return on equity of 15.04%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 EPS. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. As a group, sell-side analysts anticipate that Magna International will post 7.05 EPS for the current year.

Magna International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.495 per share. The ex-dividend date is Friday, August 14th. This represents a $1.98 annualized dividend and a yield of 2.8%. Magna International’s dividend payout ratio is presently 71.74%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC raised its holdings in shares of Magna International by 19.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,808 shares of the company’s stock worth $231,000 after acquiring an additional 1,123 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Magna International by 14.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 56,868 shares of the company’s stock valued at $2,196,000 after acquiring an additional 7,073 shares in the last quarter. Van ECK Associates Corp boosted its stake in Magna International by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 8,879 shares of the company’s stock valued at $421,000 after purchasing an additional 505 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Magna International by 196.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 139,659 shares of the company’s stock valued at $6,620,000 after purchasing an additional 92,613 shares during the last quarter. Finally, Danske Bank A S bought a new stake in Magna International during the 3rd quarter worth approximately $112,000. 67.49% of the stock is currently owned by institutional investors and hedge funds.

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.