Magna International Inc. (NYSE:MGA) Receives Average Rating of “Hold” from Analysts

Shares of Magna International Inc. (NYSE:MGA) (TSE:MG) have received a consensus rating of “Hold” from the twenty brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $65.7333.

A number of equities analysts have recently issued reports on the company. Veritas raised Magna International to a “strong-buy” rating in a report on Monday, May 4th. Wells Fargo & Company lowered their price target on 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. Scotiabank increased their price objective on Magna International from $72.00 to $74.00 and gave the stock a “sector outperform” rating in a research note on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Magna International in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Magna International from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd.

Magna International Price Performance

Shares of Magna International stock opened at $65.74 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.88 and a current ratio of 1.22. The firm’s 50-day simple moving average is $65.00 and its 200-day simple moving average is $60.54. Magna International has a twelve month low of $40.51 and a twelve month high of $69.94. The firm has a market cap of $17.58 billion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 0.92 and a beta of 1.44.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings results on Friday, May 1st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.37. The firm had revenue of $10.13 billion during 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 company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. As a group, research analysts expect that Magna International will post 6.86 EPS for the current fiscal year.

Magna International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a yield of 3.0%. 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

Large investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. increased its holdings in shares of Magna International by 2.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 725,425 shares of the company’s stock worth $38,741,000 after buying an additional 16,255 shares in the last quarter. Plato Investment Management Ltd grew its position in Magna International by 74.5% during the 4th quarter. Plato Investment Management Ltd now owns 69,752 shares of the company’s stock worth $3,741,000 after acquiring an additional 29,785 shares during the last quarter. Mediolanum International Funds Ltd grew its position in Magna International by 83.1% during the 1st quarter. Mediolanum International Funds Ltd now owns 134,736 shares of the company’s stock worth $7,210,000 after acquiring an additional 61,151 shares during the last quarter. ARGA Investment Management LP increased its holdings in 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 purchasing an additional 44,996 shares in the last quarter. Finally, Systematic Financial Management LP increased its holdings in Magna International by 39.6% during the 4th quarter. Systematic Financial Management LP now owns 68,300 shares of the company’s stock valued at $3,640,000 after purchasing an additional 19,390 shares in the last quarter. 67.49% of the stock is owned by institutional investors.

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.