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Magna International (MGA)
NYSE:MGA
Magna International (MGA) Stock Price & Analysis
1,429 Followers
MGA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$45.30 - $63.01
Previous Close$47.49
Volume1.76M
Average Volume (3M)1.80M
Market Cap
$13.63B
Enterprise Value$20.44B
Total Cash (Recent Filing)$1.52B
Total Debt (Recent Filing)$7.92B
Price to Earnings (P/E)13.4
Beta1.41
Next Earnings
Aug 09, 2024EPS Estimate
$1.49Last Dividend Ex-Date
May 16, 2024Dividend Yield3.93%
Share Statistics
EPS (TTM)3.53
Shares Outstanding286,866,376
10 Day Avg. Volume2,963,993
30 Day Avg. Volume1,798,362
Standard Deviation0.11
R-Squared0.63
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)1.73
Price to Sales (P/S)1.30
Price to Cash Flow (P/CF)13.30
P/FCF Ratio12.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.47
Enterprise Value/Gross Profit3.64
Enterprise Value/Ebitda6.10
Forecast
1Y Price Target
$58.55Price Target Upside23.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
Magna International News
PremiumCompany Announcements
Magna International Reports Robust Annual Meeting Outcomes
PremiumPress Releases
Magna Announces 2024 Annual Meeting Results
Bulls Say, Bears Say
Bulls Say
Analyst RatingAnalyst maintains a Neutral rating on the stock, recognizing Magna's potential for revenue and EPS growth over time through operational efficiencies and product diversity.
Financial GuidanceMagna maintained its EBIT margin guidance for the full year, aligning with market expectations.
Strategic WinsMGA surprised with a TSLA win announcement.
Bears Say
Cash Flow ConcernsMGA's free cash flow conversion remains below 50%, raising concerns about the company's ability to execute desired share buybacks.
Financial PerformanceMagna reported earnings per share (EPS) that were weaker than consensus expectations due to a lower EBIT margin.
GuidanceMagna reported lower revenue and a reduction in its full-year revenue guidance, potentially signaling future financial challenges.
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Ownership Overview
1.93% Insiders
12.28% Mutual Funds
34.98% Other Institutional Investors
50.81% 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 $45.30 and its highest was $63.01 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 Aug 09, 2024 which is in 83 days.
How were Magna International’s earnings last quarter?
Magna International released its earnings results on May 03, 2024. The company reported $1.085 earnings per share for the quarter, missing the consensus estimate of $1.201 by -$0.117.
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 3.93%. See more information on Magna International dividends here
What is Magna International’s EPS estimate?
Magna International’s EPS estimate is $1.49.
How many shares outstanding does Magna International have?
Magna International has 287,280,100 shares outstanding.
What happened to Magna International’s price movement after its last earnings report?
Magna International reported an EPS of $1.085 in its last earnings report, missing expectations of $1.201. Following the earnings report the stock price went down -3.546%.
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 983M.
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Magna International Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$58.55 (23.29% Upside)
$58.55 (23.29% Upside)
Blogger Sentiment
Bullish
MGA Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 5.2M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 4.0%
Last 30 Days ▲ 5.0%
Last 30 Days ▲ 5.0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-5.09%
12-Months-Change
Fundamentals
Return on Equity
8.96%
Trailing 12-Months
Asset Growth
6.60%
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
Q1 2024
0:00 / 0:00
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MGA Stock 12 Month Forecast
Average Price Target
$58.55
▲(23.29% Upside)
Technical Analysis
Best Analysts Covering MGA
1 Year
1 Year Success Rate
10/30 ratings generated profit
1 Year Average Return
+7.01%
reiterated a buy rating 27 days ago
Copying Ryan Brinkman's trades and holding each position for 1 Year would result in 33.33% of your transactions generating a profit, with an average return of +7.01% per trade.
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