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

Magna International Inc. (NYSE:MGA) (TSE:MG) has received a consensus rating of “Hold” from the nineteen brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $69.13.

A number of equities analysts have recently issued reports on MGA shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $72.00 target price (down from $77.00) on shares of Magna International in a research report on Tuesday, September 15th. UBS Group raised their price target on Magna International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Weiss Ratings raised shares of Magna International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. Wells Fargo & Company upped their price target on Magna International from $62.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Finally, Barclays lifted their target price on Magna International from $66.00 to $68.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th.

Hedge Funds Weigh In On Magna International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Magna International by 35.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock worth $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 worth approximately $45,000. Versant Capital Management Inc grew its holdings in shares of Magna International by 53.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,171 shares of the company’s stock worth $75,000 after purchasing an additional 410 shares in the last quarter. Camelot Portfolios LLC acquired a new stake in Magna International during the second quarter worth about $211,000. Finally, Parallel Advisors LLC increased its holdings in Magna International by 9.1% in the 1st quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock valued at $184,000 after buying an additional 275 shares during the period. 67.49% of the stock is owned by institutional investors.

Magna International Price Performance

Magna International stock opened at $63.85 on Friday. The company has a market capitalization of $16.91 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 0.69 and a beta of 1.46. The business has a 50 day simple moving average of $66.73 and a 200 day simple moving average of $64.13. Magna International has a one year low of $43.11 and a one year high of $73.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.22 and a quick ratio of 0.88.

Magna International (NYSE:MGA) (TSE:MG) last posted its earnings results on Friday, July 31st. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.33. The business had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.63 billion. Magna International had a net margin of 1.80% and a return on equity of 15.04%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. 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. On average, sell-side analysts forecast that Magna International will post 7.06 EPS for the current fiscal year.

Magna International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.4950 dividend. This represents a $1.98 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, August 14th. Magna International’s dividend payout ratio (DPR) is 71.74%.

Magna International Company Profile

Magna International Inc is a Canadian global automotive supplier that designs, engineers and manufactures systems and components for automakers. Its product portfolio includes vehicle body and exterior systems, seating, powertrain and drivetrain components, electronics, lighting, mirrors, roof systems and advanced driver-assistance technologies.

The company also provides complete vehicle engineering and manufacturing services, supporting automakers from product development through assembly.