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

Magna International Inc. (NYSE:MGA) (TSE:MG) has been assigned a consensus rating of “Hold” from the nineteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $69.07.

A number of equities analysts recently issued reports on MGA shares. Weiss Ratings raised Magna International from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. Wall Street Zen downgraded Magna International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. BMO Capital Markets reaffirmed a “market perform” rating and set a $70.00 price objective (down from $76.00) on shares of Magna International in a research report on Friday, September 18th. Wells Fargo & Company lifted their target price on Magna International from $62.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Finally, UBS Group boosted their target price on Magna International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, July 9th.

Hedge Funds Weigh In On Magna International

A number of large investors have recently bought and sold shares of MGA. Bank of New York Mellon Corp acquired a new stake in Magna International in the second quarter valued at $28,495,000. TD Waterhouse Canada Inc. grew its stake in shares of Magna International by 10.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,130,562 shares of the company’s stock worth $134,577,000 after purchasing an additional 206,433 shares during the period. Geode Capital Management LLC grew its stake in shares of Magna International by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 2,426,843 shares of the company’s stock worth $128,774,000 after purchasing an additional 154,710 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Magna International in the 2nd quarter valued at about $9,160,000. Finally, Plato Investment Management Ltd purchased a new position in shares of Magna International in the 2nd quarter valued at about $7,473,000. Hedge funds and other institutional investors own 67.49% of the company’s stock.

Magna International Stock Up 1.0%

MGA stock opened at $65.60 on Friday. Magna International has a 12 month low of $43.11 and a 12 month 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. The company has a market cap of $17.37 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 0.69 and a beta of 1.46. The company has a fifty day moving average price of $66.94 and a 200 day moving average price of $63.96.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings data on Friday, July 31st. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $10.63 billion. During the same period in the previous year, the business posted $1.44 earnings per share. Magna International’s quarterly revenue was up 3.3% on a year-over-year basis. 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 earnings per share for the current year.

Magna International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.4950 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, August 14th. Magna International’s dividend payout ratio (DPR) is 71.74%.

About Magna International

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.