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

Shares of Magna International Inc. (NYSE:MGA) (TSE:MG) have received an average rating of “Hold” from the twenty analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $65.4667.

MGA has been the topic of a number of recent analyst reports. Veritas raised shares of Magna International to a “strong-buy” rating in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce cut their price target on shares of Magna International to $74.00 in a research note on Monday, May 4th. JPMorgan Chase & Co. cut their price target on shares of Magna International from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Barclays cut their price target on shares of Magna International from $67.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Monday, March 30th. Finally, The Goldman Sachs Group cut their target price on shares of Magna International from $60.00 to $52.00 and set a “sell” rating on the stock in a research note on Tuesday, April 14th.

Magna International Stock Performance

NYSE:MGA opened at $65.76 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.22 and a debt-to-equity ratio of 0.38. The company has a market cap of $17.90 billion, a P/E ratio of 27.51, a P/E/G ratio of 0.88 and a beta of 1.43. Magna International has a fifty-two week low of $38.49 and a fifty-two week high of $69.94. The firm’s 50 day moving average is $64.03 and its two-hundred day moving average is $59.16.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings results on Friday, May 1st. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.37. The company had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.14 billion. Magna International had a net margin of 1.60% and a return on equity of 14.01%. Magna International’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Analysts expect that Magna International will post 6.87 EPS for the current year.

Magna International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. Magna International’s dividend payout ratio (DPR) is currently 82.85%.

Hedge Funds Weigh In On Magna International

Hedge funds have recently made changes to their positions in the business. Hillsdale Investment Management Inc. raised its stake in shares of Magna International by 2.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 725,425 shares of the company’s stock valued at $38,741,000 after acquiring an additional 16,255 shares during the period. Achmea Investment Management B.V. purchased a new position in shares of Magna International in the 3rd quarter valued at $8,606,000. Plato Investment Management Ltd raised its stake in shares of Magna International by 74.5% in the 4th quarter. Plato Investment Management Ltd now owns 69,752 shares of the company’s stock valued at $3,741,000 after acquiring an additional 29,785 shares during the period. Quantbot Technologies LP raised its stake in shares of Magna International by 65.5% in the 3rd quarter. Quantbot Technologies LP now owns 199,899 shares of the company’s stock valued at $9,471,000 after acquiring an additional 79,133 shares during the period. Finally, ARGA Investment Management LP raised its stake in shares of Magna International by 1.1% in the 4th quarter. ARGA Investment Management LP now owns 4,193,129 shares of the company’s stock valued at $223,512,000 after acquiring an additional 44,996 shares during the period. Hedge funds and other institutional investors own 67.49% of the company’s stock.

About Magna International

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.