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

Shares of Magna International Inc. (NYSE:MGA) (TSE:MG) have earned an average rating of “Hold” from the eighteen ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $61.7333.

Several research analysts have commented on the stock. TD Securities boosted their price target on shares of Magna International from $58.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce upgraded shares of Magna International from a “neutral” rating to an “outperformer” rating and boosted their target price for the stock from $56.00 to $76.00 in a research note on Wednesday, February 18th. Royal Bank Of Canada increased their target price on Magna International from $48.00 to $59.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Morgan Stanley raised their price target on Magna International from $54.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 18th. Finally, UBS Group upped their price objective on Magna International from $49.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th.

Institutional Investors Weigh In On Magna International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Plato Investment Management Ltd acquired a new position in Magna International during the third quarter worth approximately $1,880,000. ARGA Investment Management LP grew its position in shares of 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 last quarter. AGF Management Ltd. purchased a new position in shares of Magna International during the third quarter worth approximately $14,191,000. Meritage Portfolio Management acquired a new position in shares of Magna International in the 3rd quarter valued at $3,551,000. Finally, Western Wealth Management LLC purchased a new stake in Magna International in the 2nd quarter valued at $249,000. 67.49% of the stock is currently owned by institutional investors and hedge funds.

Magna International Price Performance

Shares of NYSE MGA opened at $63.89 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.87. The company has a market cap of $17.82 billion, a price-to-earnings ratio of 21.66 and a beta of 1.50. The stock’s 50-day moving average is $56.05 and its two-hundred day moving average is $50.16. Magna International has a 1-year low of $30.39 and a 1-year high of $69.94.

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

Magna International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 3.1%. This is a positive change from Magna International’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, February 27th. Magna International’s dividend payout ratio is currently 65.76%.

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.