Brokerages Set Magna International Inc. (NYSE:MGA) Target Price at $68.20

Shares of Magna International Inc. (NYSE:MGA) (TSE:MG) have been given a consensus rating of “Hold” by the nineteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $68.20.

A number of research analysts recently commented on MGA shares. Barclays boosted their price target on Magna International from $66.00 to $68.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Royal Bank Of Canada boosted their target price on shares of Magna International from $66.00 to $69.00 and gave the stock a “sector perform” rating in a report on Monday, August 3rd. UBS Group upped their target price on shares of Magna International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Wall Street Zen cut shares of Magna International from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings upgraded shares of Magna International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th.

Magna International Stock Down 0.1%

Shares of MGA stock opened at $66.06 on Monday. The company has a market capitalization of $17.49 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.70 and a beta of 1.45. Magna International has a one year low of $43.11 and a one year high of $73.22. The company’s fifty day moving average price is $67.52 and its 200-day moving average price is $63.43. 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 issued 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. Magna International had a net margin of 1.80% and a return on equity of 15.04%. The company had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.63 billion. During the same quarter in the prior year, the firm posted $1.44 EPS. Magna International’s quarterly revenue was up 3.3% compared to the same quarter last year. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. Sell-side analysts expect that Magna International will post 7.06 EPS for the current fiscal year.

Magna International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a dividend of $0.495 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.98 dividend on an annualized basis and a yield of 3.0%. Magna International’s dividend payout ratio is presently 71.74%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its stake in Magna International by 35.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock valued at $42,000 after purchasing an additional 205 shares in the last quarter. Oslo Pensjonsforsikring AS purchased a new position in Magna International in the first quarter worth about $45,000. IFC & Insurance Marketing Inc. purchased a new position in Magna International in the fourth quarter worth about $49,000. Atlas Capital Advisors Inc. bought a new stake in Magna International during the fourth quarter worth approximately $67,000. Finally, Danske Bank A S purchased a new stake in Magna International during the third quarter valued at approximately $112,000. 67.49% of the stock is owned by hedge funds and other institutional investors.

Magna International Company Profile

Magna International Inc is a Canadian global automotive supplier headquartered in Aurora, Ontario. The company develops and manufactures components, systems and technologies for automakers, serving both traditional internal-combustion vehicle programs and electric-vehicle platforms.

Its principal business areas include body and exterior systems, structures and exteriors, powertrain and driveline systems, seating, electronic systems, advanced driver-assistance technologies and vehicle access systems.