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

Shares of Magna International Inc. (NYSE:MGA) (TSE:MG) have earned an average rating of “Hold” from the nineteen ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $61.7333.

Several equities research analysts recently commented on the company. TD Securities boosted their price target on Magna International from $58.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Wells Fargo & Company raised their price objective on shares of Magna International from $50.00 to $58.00 and gave the company an “equal weight” rating in a research report on Monday, January 12th. Barclays lifted their target price on shares of Magna International from $58.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 17th. Scotiabank increased their price target on shares of Magna International from $57.00 to $69.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Finally, Zacks Research upgraded shares of Magna International from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th.

Magna International Price Performance

MGA opened at $52.15 on Monday. The stock has a market cap of $14.51 billion, a price-to-earnings ratio of 17.68 and a beta of 1.42. Magna International has a 1 year low of $30.39 and a 1 year high of $69.94. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average price of $57.75 and a 200 day moving average price of $52.03.

Magna International (NYSE:MGA) (TSE:MG) last issued its earnings results on Friday, February 13th. The company reported $2.18 earnings per share for the quarter, topping 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 company had revenue of $10.74 billion for the quarter, compared to analyst estimates of $10.54 billion. During the same period in the prior year, the firm posted $1.69 EPS. The business’s 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 announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a dividend of $0.495 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Magna International’s previous quarterly dividend of $0.49. This represents a $1.98 annualized dividend and a yield of 3.8%. Magna International’s dividend payout ratio (DPR) is currently 67.12%.

Institutional Trading of Magna International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. DGS Capital Management LLC boosted its stake in shares of Magna International by 18.5% during the 4th quarter. DGS Capital Management LLC now owns 44,101 shares of the company’s stock worth $2,351,000 after acquiring an additional 6,884 shares in the last quarter. State of Tennessee Department of Treasury increased its holdings in shares of Magna International by 0.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 157,482 shares of the company’s stock valued at $8,095,000 after acquiring an additional 937 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Magna International by 7.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,090,887 shares of the company’s stock valued at $111,549,000 after acquiring an additional 151,819 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Magna International in the 4th quarter valued at approximately $67,000. Finally, Arkadios Wealth Advisors lifted its holdings in Magna International by 7.3% in the 4th quarter. Arkadios Wealth Advisors now owns 4,767 shares of the company’s stock worth $254,000 after purchasing an additional 324 shares during the last quarter. Institutional investors and hedge funds own 67.49% of the company’s stock.

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.