Magna International (MGA) – Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Magna International (NYSE: MGA) in the last few weeks:

• 2/18/2025 – Magna International had its price target lowered by analysts at Scotiabank from $49.00 to $45.00. They now have a “sector perform” rating on the stock.
• 2/18/2025 – Magna International had its price target lowered by analysts at Royal Bank of Canada from $52.00 to $51.00. They now have an “outperform” rating on the stock.
• 2/18/2025 – Magna International had its price target lowered by analysts at UBS Group AG from $44.00 to $41.00. They now have a “neutral” rating on the stock.
• 2/18/2025 – Magna International had its price target lowered by analysts at Raymond James from $53.00 to $50.00. They now have a “market perform” rating on the stock.
• 2/18/2025 – Magna International had its price target lowered by analysts at Evercore ISI from $50.00 to $45.00. They now have an “in-line” rating on the stock.
• 2/18/2025 – Magna International had its price target lowered by analysts at Barclays PLC from $50.00 to $47.00. They now have an “equal weight” rating on the stock.
• 2/18/2025 – Magna International had its price target lowered by analysts at TD Securities from $50.00 to $47.00. They now have a “buy” rating on the stock.
• 1/27/2025 – Magna International had its price target lowered by analysts at Scotiabank from $52.00 to $49.00. They now have a “sector perform” rating on the stock.
• 1/27/2025 – Magna International had its price target lowered by analysts at TD Securities from $52.00 to $50.00. They now have a “buy” rating on the stock.
• 1/24/2025 – Magna International was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a $52.00 price target on the stock, up previously from $41.00.
• 1/13/2025 – Magna International had its price target raised by analysts at CIBC from $46.00 to $51.00.

Magna International Stock Performance

NYSE MGA opened at $38.32 on Tuesday. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.63 and a beta of 1.61. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.35. Magna International Inc. has a twelve month low of $35.05 and a twelve month high of $56.12. The stock has a fifty day simple moving average of $40.34 and a 200 day simple moving average of $41.58.

Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings results on Friday, February 14th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.23. Magna International had a return on equity of 12.78% and a net margin of 2.36%. The firm had revenue of $10.63 billion for the quarter, compared to analyst estimates of $10.32 billion. During the same quarter in the previous year, the company posted $1.33 EPS. The business’s revenue was up 1.7% on a year-over-year basis. Sell-side analysts expect that Magna International Inc. will post 5.87 EPS for the current year.

Magna International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.485 per share. This is a positive change from Magna International’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.94 annualized dividend and a yield of 5.06%. Magna International’s dividend payout ratio (DPR) is presently 55.27%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Avior Wealth Management LLC raised its stake in Magna International by 2,400.0% during the fourth quarter. Avior Wealth Management LLC now owns 625 shares of the company’s stock worth $26,000 after buying an additional 600 shares during the last quarter. Kennebec Savings Bank bought a new position in shares of Magna International in the 3rd quarter worth about $32,000. LRI Investments LLC lifted its stake in shares of Magna International by 2,126.5% in the 4th quarter. LRI Investments LLC now owns 757 shares of the company’s stock valued at $32,000 after purchasing an additional 723 shares during the period. Millstone Evans Group LLC bought a new stake in shares of Magna International during the 4th quarter valued at about $33,000. Finally, Lindbrook Capital LLC boosted its position in shares of Magna International by 43.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,036 shares of the company’s stock valued at $43,000 after purchasing an additional 312 shares in the last quarter. Institutional investors and hedge funds own 67.49% of the company’s stock.

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.