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Magna International (MGA)
NYSE:MGA
Holding MGA?
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MGA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$38.01 - $60.32
Previous Close$39.47
Volume3.26M
Average Volume (3M)1.57M
Market Cap
$11.86B
Enterprise Value$18.19B
Total Cash (Recent Filing)$999.00M
Total Debt (Recent Filing)$7.46B
Price to Earnings (P/E)11.5
Beta1.60
Next Earnings
Nov 01, 2024EPS Estimate
$1.38Last Dividend Ex-Date
Aug 16, 2024Dividend Yield4.58%
Share Statistics
EPS (TTM)3.44
Shares Outstanding287,280,095
10 Day Avg. Volume1,556,990
30 Day Avg. Volume1,571,839
Standard Deviation0.11
R-Squared0.58
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)0.98
Price to Sales (P/S)0.28
Price to Cash Flow (P/CF)4.20
P/FCF Ratio11.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.42
Enterprise Value/Gross Profit3.24
Enterprise Value/Ebitda5.48
Forecast
1Y Price Target
$46.60Price Target Upside18.06% Upside
Rating ConsensusHold
Number of Analyst Covering11
Magna International News
PremiumCompany Announcements
Magna International Reports Mixed Q3 2024 Results
PremiumCompany Announcements
Magna International Reports Q3 2024 Results
PremiumPre-Earnings
Is MGA a Buy, Before Earnings?Bulls Say, Bears Say
Bulls Say
Financial GuidanceThe company maintained its EBIT margin guidance despite challenges.
Investment AdjustmentsEncouraged by the steps the company is taking to adjust investment levels and mitigate the profit impact.
Product SetMagna's broad product set across powertrains is a positive especially given the changing dynamics in the EV market.
Bears Say
EarningsMGA fell ~6% after a Q2 miss, raising investor skepticism about the company's ability to meet its second half guidance amid platform challenges.
Financial PerformanceMagna lowered its 2026 sales and adjusted EBIT targets by around 10% and 14% respectively, reflecting CVA losses, EV delays, and issues in Active Safety.
Market ExposureMagna has less exposure in China, where EVs and domestic Chinese OEMs are growing faster, putting the company at a competitive disadvantage.
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Ownership Overview
0.81% Insiders
12.77% Mutual Funds
2.40% Other Institutional Investors
76.64% Public Companies and Individual Investors
MGA FAQ
What was Magna International’s price range in the past 12 months?
Magna International lowest stock price was $38.01 and its highest was $60.32 in the past 12 months.
What is Magna International’s market cap?
Currently, no data Available
When is Magna International’s upcoming earnings report date?
Magna International’s upcoming earnings report date is Nov 01, 2024 which is yesterday.
How were Magna International’s earnings last quarter?
Magna International released its earnings results on Aug 02, 2024. The company reported $1.347 earnings per share for the quarter, missing the consensus estimate of $1.411 by -$0.064.
Is Magna International overvalued?
According to Wall Street analysts Magna International’s price is currently Undervalued.
Does Magna International pay dividends?
Magna International pays a Quarterly dividend of $0.47 which represents an annual dividend yield of 4.58%. See more information on Magna International dividends here
What is Magna International’s EPS estimate?
Magna International’s EPS estimate is $1.38.
How many shares outstanding does Magna International have?
Magna International has 287,327,760 shares outstanding.
What happened to Magna International’s price movement after its last earnings report?
Magna International reported an EPS of $1.347 in its last earnings report, missing expectations of $1.411. Following the earnings report the stock price went down -5.999%.
Which hedge fund is a major shareholder of Magna International?
Among the largest hedge funds holding Magna International’s share is Pzena Investment Management LLC. It holds Magna International’s shares valued at 878M.
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Magna International Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$46.60 (18.06% Upside)
$46.60 (18.06% Upside)
Blogger Sentiment
Bullish
MGA Sentiment 90%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 5.7M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.7%
Last 30 Days ▲ 4.8%
Last 30 Days ▲ 4.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-14.68%
12-Months-Change
Fundamentals
Return on Equity
8.62%
Trailing 12-Months
Asset Growth
0.46%
Trailing 12-Months
Company Description
Magna International
Magna International, Inc. is a mobility technology company, which supplies to the automotive industry. It operates through the following segments: Body Exteriors and Structures; Power and Vision; Seating Systems; and Complete Vehicles. The Body Exteriors and Structures segment includes body and chassis systems, exterior systems and roof systems operations. The Power and Vision segment comprises of global powertrain systems, electronics systems, mirrors and lighting and mechatronics operations. The Seating Systems segment deals with global seating systems operations. The Complete Vehicles segment focuses on vehicle engineering and manufacturing operations. The company was founded by Frank Stronach in 1957 and is headquartered in Aurora, Canada.
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MGA Company Deck
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MGA Earnings Call
Q2 2024
0:00 / 0:00
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MGA Stock 12 Month Forecast
Average Price Target
$46.60
▲(18.06% Upside)
Technical Analysis
Best Analysts Covering MGA
1 Year
1 Year Success Rate
7/15 ratings generated profit
1 Year Average Return
+7.63%
reiterated a buy rating 6 months ago
Copying Brian Morrison's trades and holding each position for 1 Year would result in 46.67% of your transactions generating a profit, with an average return of +7.63% per trade.
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