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

Magna International Inc. (NYSE:MGA) (TSE:MG) has been given a consensus recommendation of “Hold” by the nineteen research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $61.3333.

MGA has been the subject of several analyst reports. Wall Street Zen upgraded Magna International from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 19th. Bank of America initiated coverage on Magna International in a research note on Wednesday, March 4th. They set a “buy” rating for the company. Raymond James Financial upped their price target on Magna International from $50.00 to $75.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 17th. The Goldman Sachs Group cut their price target on Magna International from $60.00 to $52.00 and set a “sell” rating for the company in a research note on Tuesday. Finally, Zacks Research upgraded Magna International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 5th.

Institutional Investors Weigh In On Magna International

Large investors have recently modified their holdings of the stock. Plato Investment Management Ltd purchased a new stake in shares of Magna International during the third quarter worth approximately $1,880,000. AGF Management Ltd. acquired a new position in Magna International during the third quarter worth $14,191,000. ARGA Investment Management LP grew its holdings in Magna International by 33.2% during the third quarter. ARGA Investment Management LP now owns 4,148,133 shares of the company’s stock worth $196,557,000 after acquiring an additional 1,033,747 shares during the period. Meritage Portfolio Management acquired a new position in Magna International during the third quarter worth $3,551,000. Finally, Achmea Investment Management B.V. acquired a new position in Magna International during the third quarter worth $8,606,000. Hedge funds and other institutional investors own 67.49% of the company’s stock.

Magna International Price Performance

Shares of NYSE MGA opened at $56.71 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 0.36. Magna International has a twelve month low of $31.52 and a twelve month high of $69.94. The stock has a 50 day moving average of $58.53 and a two-hundred day moving average of $53.20. The stock has a market cap of $15.56 billion, a P/E ratio of 19.23 and a beta of 1.44.

Magna International (NYSE:MGA) (TSE:MG) last issued its quarterly earnings data on Friday, February 13th. The company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.37. Magna International had a return on equity of 12.73% and a net margin of 1.99%.The company had revenue of $10.74 billion during the quarter, compared to analysts’ expectations of $10.54 billion. During the same quarter in the previous year, the business earned $1.69 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. On average, research analysts forecast that Magna International will post 5.87 earnings per share for the current year.

Magna International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a dividend yield of 3.5%. This is a boost from Magna International’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, February 27th. Magna International’s dividend payout ratio (DPR) is currently 67.12%.

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.