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MGA

Magna International Inc

Oct 31 • 04:00PM ET

39.47

Dollar change -1.84
Percentage change -4.45	%

Consumer Cyclical • Auto Parts • Canada • NYSE

Peers: APTV BWA DAN LEA ALV AAP VC GNTX AXL TEN

| Held by: PID DFIV DIHP DFIC DFAI DFAX PXF ROBT GVLU DSTX

Scroll to Statements

Index	-	P/E	11.47	EPS (ttm)	3.44	Insider Own	6.60%	Shs Outstand	286.55M	Perf Week	-6.27%
Market Cap	15.77B	Forward P/E	6.70	EPS next Y	5.89	Insider Trans	0.00%	Shs Float	268.36M	Perf Month	-4.41%
Income	987.00M	PEG	0.81	EPS next Q	1.39	Inst Own	72.30%	Short Float	2.88%	Perf Quarter	-2.37%
Sales	43.07B	P/S	0.37	EPS this Y	-3.40%	Inst Trans	1.57%	Short Ratio	4.89	Perf Half Y	-18.48%
Book/sh	40.46	P/B	0.98	EPS next Y	11.15%	ROA	3.09%	Short Interest	7.74M	Perf Year	-17.92%
Cash/sh	2.50	P/C	15.79	EPS next 5Y	14.24%	ROE	8.62%	52W Range	38.01 - 60.32	Perf YTD	-33.19%
Dividend Est.	1.93 (4.90%)	P/FCF	19.72	EPS past 5Y	-8.63%	ROI	5.52%	52W High	-34.57%	Beta	1.58
Dividend TTM	1.89 (4.78%)	Quick Ratio	0.77	Sales past 5Y	1.59%	Gross Margin	9.54%	52W Low	3.84%	ATR (14)	1.18
Dividend Ex-Date	Aug 16, 2024	Current Ratio	1.12	EPS Y/Y TTM	5.91%	Oper. Margin	4.68%	RSI (14)	38.67	Volatility	2.72% 2.29%
Employees	179000	Debt/Eq	0.64	Sales Y/Y TTM	6.37%	Profit Margin	2.29%	Recom	2.45	Target Price	47.89
Option/Short	Yes / Yes	LT Debt/Eq	0.54	EPS Q/Q	-7.99%	Payout	43.72%	Rel Volume	2.01	Prev Close	41.31
Sales Surprise	-0.66%	EPS Surprise	-4.99%	Sales Q/Q	-0.22%	Earnings	Nov 01 BMO	Avg Volume	1.58M	Price	39.47
SMA20	-5.08%	SMA50	-4.51%	SMA200	-15.31%	Trades		Volume	3,181,350	Change	-4.45%

Date	Action	Analyst	Rating Change	Price Target Change
Sep-25-24	Downgrade	Morgan Stanley	Overweight → Equal-Weight	$55 → $43
Sep-05-24	Downgrade	Wolfe Research	Peer Perform → Underperform
Jul-01-24	Upgrade	Exane BNP Paribas	Neutral → Outperform
Jan-03-24	Downgrade	Goldman	Buy → Neutral	$73 → $58
Sep-13-23	Initiated	UBS	Neutral	$63
Aug-24-23	Resumed	Scotiabank	Sector Perform	$61
Jul-06-23	Upgrade	BofA Securities	Neutral → Buy	$65 → $85
May-08-23	Upgrade	Exane BNP Paribas	Underperform → Neutral
Apr-19-23	Downgrade	RBC Capital Mkts	Outperform → Sector Perform	$58 → $52
Feb-15-23	Initiated	Barclays	Equal Weight	$60
Feb-01-23	Upgrade	BMO Capital Markets	Market Perform → Outperform	$65 → $74
Jan-25-23	Downgrade	TD Securities	Buy → Hold	$76 → $69
Jan-09-23	Downgrade	BofA Securities	Buy → Neutral	$102 → $72
Dec-14-22	Downgrade	Wells Fargo	Overweight → Equal Weight	$62
Nov-23-22	Downgrade	Citigroup	Buy → Neutral	$62
Apr-11-22	Initiated	Exane BNP Paribas	Underperform
Mar-16-22	Upgrade	Raymond James	Underperform → Mkt Perform	$68
Mar-08-22	Downgrade	BMO Capital Markets	Outperform → Market Perform	$89 → $63
Dec-16-21	Upgrade	Wells Fargo	Equal Weight → Overweight	$84 → $93
Nov-08-21	Resumed	Citigroup	Buy	$100

Show Previous Ratings

Oct-30-24 08:28AM	Magna price target lowered to $42 from $47 at RBC Capital (TipRanks)
Oct-29-24 07:30AM	Magna Debuts Scalable, Eco-Friendly ICE to Hybrid Transmission for European OEM (GlobeNewswire)
Oct-24-24 06:42AM	Magna International Inc. (NYSE:MGA): Among The 10 Oversold Canadian Stocks to Buy Right Now (Insider Monkey)
Oct-20-24 03:53PM	Magna International Inc. (MGA): An Oversold Large Cap Stock To Buy Now (Insider Monkey)
Oct-13-24 02:21PM	Magna International Inc. (MGA): Analysts Are Bullish On This Undervalued Canadian Stock Now (Insider Monkey)
05:00AM	Loading…
05:00AM	Should You Follow Nvidia Into This Artificial Intelligence (AI) Stock? (Motley Fool)
Oct-02-24 08:01AM	Magna price target lowered to $41 from $44 at Goldman Sachs (TipRanks)
Sep-30-24 05:00PM	Magna Announces Date for Q3 2024 Results Call (GlobeNewswire)
Aug-30-24 11:13AM	Serve Robotics Inc. (SERV): The Best Small Cap AI Stock To Buy According to Short Sellers? (Insider Monkey)
Aug-26-24 11:12AM	Here's Why Investors Should Avoid Magna (MGA) Stock Right Now (Zacks)
Aug-14-24 10:26AM	Magna (MGA) Shares Fall 7.9% Since Q2 Earnings Miss Estimates (Zacks)
Aug-09-24 06:00AM	Magna Recommends Rejection of 'Mini-Tender' Offer (GlobeNewswire)
Aug-04-24 11:52PM	Analyst Report: Magna International Inc. (Morningstar Research)
Aug-02-24 07:35PM	Analyst Report: Magna International Inc. (Morningstar Research) -6.00%
06:53AM	Auto parts supplier Magna's quarterly results miss on fewer vehicle assemblies (Reuters)
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05:09AM	Magna: Q2 Earnings Snapshot (Associated Press Finance)
05:00AM	Magna Announces Second Quarter 2024 Results (GlobeNewswire)
Jul-26-24 10:00AM	Magna (MGA) Earnings Expected to Grow: Should You Buy? (Zacks)
Jul-16-24 02:49AM	Magna International (MGA) Slipped on Reduced 2024 Guidance (Insider Monkey)
Jul-10-24 12:00PM	3 Undervalued Stocks Ready for a Breakout This Summer (InvestorPlace)
Jul-02-24 05:00PM	Magna Announces Date for Q2 2024 Results Call (GlobeNewswire)
Jun-18-24 09:25AM	Fisker Stock Alert: Fisker Files for Ch. 11 Bankruptcy (InvestorPlace)
07:00AM	EV Maker Fisker Files for Bankruptcy After Its Glitchy SUV Flops (Bloomberg)
12:00AM	Magna Awarded Reconfigurable Seating Business With Chinese OEM (GlobeNewswire)
Jun-10-24 03:00PM	Magna (MGA) Hits 52-Week Low: Should You Still Hold the Stock? (Zacks)
Jun-08-24 07:00AM	The 3 Electric Vehicle Stocks Best Positioned for Long-Term Success (InvestorPlace)
Jun-05-24 09:10AM	Serve Robotics Announces Nomination of David Goldberg to its Board of Directors (PR Newswire)
May-31-24 04:07PM	Analyst Report: Magna International Inc. (Morningstar Research)
May-27-24 06:54PM	Magna Announces CAD Senior Notes Offering (GlobeNewswire)
May-22-24 01:40PM	The Bargain Stock Blitz: 7 Companies Ready to Stun the Street (InvestorPlace)
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May-15-24 07:30AM	Serve Robotics Announces First Quarter 2024 Results and Provides Corporate Update (PR Newswire)
May-10-24 02:56PM	Fisker Stock Alert: NHTSA Opens Preliminary Probe Into Fisker Brake Issue (InvestorPlace)
01:11PM	Morgan Stanley Adjusts Price Target on Magna International to $60 From $65, Keeps Overweight Rating (MT Newswires)
11:20AM	Magna (MGA) Stock Down 4% Since Q1 Earnings & Sales Miss (Zacks)
May-09-24 10:03PM	Slow EV demand gives Magna double hit (DigiTimes)
06:00PM	Magna Announces 2024 Annual Meeting Results (GlobeNewswire)
May-07-24 02:12PM	3 EV Stocks to Sell on the Brink of Bankruptcy Like Fisker (InvestorPlace)
May-06-24 03:26PM	Fisker Stock Crisis Causes Analysts to Slash Price Targets on Magna International (InvestorPlace)
11:44AM	Goldman Sachs Adjusts Price Target on Magna International to $48 From $56, Maintains Neutral Rating (MT Newswires)
08:01AM	Magna International Price Target Lowered to US$54 at CIBC (MT Newswires)
May-05-24 10:17PM	Analyst Report: Magna International Inc. (Morningstar Research)
May-04-24 09:22AM	Magna International Inc. (NYSE:MGA) Q1 2024 Earnings Call Transcript (Insider Monkey)
May-03-24 07:02PM	Richard Pzena's Strategic Moves in Q1 2024: A Closer Look at Charter Communications Inc (GuruFocus.com)
03:40PM	Fisker Stock: Magna Says Production of Ocean SUVs Is Idle' (InvestorPlace)
10:41AM	Magna International Cuts Full-Year Sales Guidance as First-Quarter Results Miss Views (MT Newswires)
10:25AM	UPDATE 1-Magna lags profit estimates, cuts annual sales forecast on supply chain snags (Reuters)
09:52AM	MGA Stock Earnings: Magna International Misses EPS, Beats Revenue for Q1 2024 (InvestorPlace)
09:30AM	Magna (MGA) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates (Zacks)
07:05AM	Magna (MGA) Lags Q1 Earnings and Revenue Estimates (Zacks)
07:05AM	7 Growth Stocks to Sweep From Your Portfolio This Spring (InvestorPlace)
06:39AM	Magna misses profit estimates, cuts annual sales forecast on supply chain issues (Reuters)
05:45AM	Magna International's Q1 Adjusted Earnings Decline, Sales Increase (MT Newswires)
05:10AM	Magna: Q1 Earnings Snapshot (Associated Press Finance)
05:00AM	Magna Announces First Quarter 2024 Results (GlobeNewswire)
Apr-30-24 01:38PM	Magna Wins 2024 Automotive News PACE Award, Receives PACEpilot Recognitions (GlobeNewswire)
09:15AM	Countdown to Magna (MGA) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS (Zacks)
Apr-26-24 02:30PM	EV Extinction Event: 3 Electric Vehicle Stocks That Won't Exist in 5 Years (InvestorPlace)
10:00AM	Magna (MGA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release (Zacks)
Apr-25-24 07:00AM	7 EV Stocks That Will Drain Your Portfolios Battery (InvestorPlace)
Apr-24-24 12:45PM	Serve Robotics Expands Accord With Magna International to Bolster Robot Manufacturing (MT Newswires)
08:00AM	Serve Robotics Enters Production Agreement with Magna to Scale Robot Manufacturing (PR Newswire)
06:45AM	Cheapskate Investor Alert! Magna International Stock Is Priced to Buy Now. (InvestorPlace)
Apr-23-24 08:28AM	Trade of the Day: Buy Magna (MGA) Stock to Profit From EV Sector Fallout (InvestorPlace)
Apr-15-24 06:00PM	Magna Announces Date for Q1 2024 Results Call (GlobeNewswire)
Apr-04-24 09:15AM	Following the Money Trail: Where are Hedge Funds Investing? (Insider Monkey)
Apr-02-24 08:00PM	Cesium Wars: China and America Battle for the Future of Big Tech (Oilprice.com)
Mar-30-24 03:00AM	The Brutal Lesson: Fisker's Failure and How Investors Can Profit (Motley Fool)
Mar-28-24 05:40PM	The Latest Biden EV Policy News: Which Stocks Could Thrive or Dive? (InvestorPlace)
05:26PM	Magna Posts 2023 Annual Report (GlobeNewswire)
07:00AM	Ad Forecaster Raises 2024 Prediction Amid Improving Economic Outlook (The Wall Street Journal)
Mar-07-24 07:00AM	Serve Robotics Inc. Common Stock to Be Quoted on OTCQB Under Ticker Symbol 'SBOT' (PR Newswire)
Mar-05-24 05:10PM	Magna Announces Senior Notes Offering (GlobeNewswire)
03:47PM	GM Joins Forces With Magna and Wipro To Develop Auto Software Marketplace (Investopedia)
07:30AM	General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: 'SDVerse' (GlobeNewswire)
Feb-25-24 09:00AM	3 Hidden-Gem Electric Vehicle Stocks Ready to Ride a Massive Market Wave (InvestorPlace)
Feb-21-24 05:08AM	Magna International Inc's Dividend Analysis (GuruFocus.com)
Feb-14-24 10:45AM	Magna (MGA) Q4 Earnings Miss Expectations, Increase Y/Y (Zacks)
Feb-13-24 06:30AM	TSX Accepts Notice of Intention to Make Normal Course Issuer Bid (GlobeNewswire)
Feb-12-24 05:00AM	CORRECTION Magna Announces Fourth Quarter 2023 Results and 2024 Outlook (GlobeNewswire)
Feb-10-24 08:40AM	Magna International Inc. (NYSE:MGA) Q4 2023 Earnings Call Transcript (Insider Monkey)
Feb-09-24 04:06PM	Analyst Report: Magna International Inc. (Morningstar Research) -6.80%
09:38AM	UPDATE 1-Magna forecasts 2024 profit below estimates on weak EV demand (Reuters)
06:23AM	CORRECTED-Magna forecasts 2024 profit below estimates as EV makers cut production (Reuters)
05:19AM	Magna: Q4 Earnings Snapshot (Associated Press Finance)
05:00AM	Magna Announces Fourth Quarter 2023 Results and 2024 Outlook (GlobeNewswire)
Feb-06-24 08:00AM	Magna Awarded Specialized eDrive System Business With North America-Based OEM (GlobeNewswire)
Jan-16-24 03:33PM	Magna Announces Date for Q4 & Year End 2023 Results and 2024 Outlook Conference Call (GlobeNewswire)
Jan-09-24 02:10PM	Magna Unveils Next Generation eDrive at CES 2024 (GlobeNewswire)
02:05PM	Magna Advances Road Safety With Impaired Driving Prevention Technology (GlobeNewswire)
Jan-08-24 01:48PM	Why Fisker Stock Continued to Plunge Today (Motley Fool)
Jan-04-24 10:21AM	Mobileye Global Stock Plummets After Revenue Warning (The Wall Street Journal)
Dec-13-23 10:07AM	Magna and 360ofme to Host Women of Inforum@CES Networking Reception to Connect Women in Tech (PR Newswire)
Dec-12-23 06:34PM	3 Undiscovered EV Stocks Revving Up for Success (InvestorPlace)
Dec-04-23 07:00AM	Magna Enhances ADAS Capabilities by Joining 5G Innovation Program (GlobeNewswire)
06:00AM	Global Advertising Growth Is Expected to Slow in 2024, Excluding Elections Spending (The Wall Street Journal)
Nov-28-23 08:00AM	Magna Brings Better Mobility to Life at CES 2024 (GlobeNewswire)
Nov-13-23 09:55AM	Wall Street Analysts Believe Magna (MGA) Could Rally 27.08%: Here's is How to Trade (Zacks)
09:53AM	Canada's Magna, Unifor reach tentative labor deal (Reuters)
Nov-09-23 01:41PM	Canadian union Unifor, Magna resume bargaining after strike at seating plant (Reuters)
09:40AM	Are Investors Undervaluing Magna International (MGA) Right Now? (Zacks)

Magna International, Inc. is a mobility technology company, which engages in the design, engineering, and manufacturing of automotive supplies. It operates through the following segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment includes body and chassis systems, exterior systems, and roof systems operations. The Power & Vision segment comprises of global powertrain systems, electronics systems, mirrors, 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

Magna International Inc

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