Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Magna International (TSE:MG)
TSX:MG
Magna International (MG) Stock Price & Analysis
448 Followers
MG Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$63.32 - C$84.83
Previous CloseC$65.87
Volume1.16M
Average Volume (3M)1.16M
Market Cap
C$18.92B
Enterprise ValueC$27.78B
Total Cash (Recent Filing)$1.20B
Total Debt (Recent Filing)$7.22B
Price to Earnings (P/E)11.5
Beta1.41
Next Earnings
May 03, 2024EPS Estimate
C$1.69Next Dividend Ex-DateN/A
Dividend Yield3.9%
Share Statistics
EPS (TTM)5.71
Shares Outstanding286,866,376
10 Day Avg. Volume625,695
30 Day Avg. Volume1,158,201
Standard Deviation0.10
R-Squared0.58
Alpha-0.00125
Financial Highlights & Ratios
Price to Book (P/B)1.73
Price to Sales (P/S)0.44
Price to Cash Flow (P/CF)2.30
P/FCF Ratio4.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.65
Enterprise Value/Gross Profit4.95
Enterprise Value/Ebitda17.76
Forecast
1Y Price Target
C$82.79Price Target Upside25.69% Upside
Rating ConsensusHold
Number of Analyst Covering13
Magna International News
PremiumPress Releases
Magna Announces Date for Q1 2024 Results Call
Bulls Say, Bears Say
Bulls Say
Earnings ForecastQ4/23 EPS estimate is raised to US$1.45 from US$1.29, indicating better than expected earnings performance.
Market DemandThere is still pent-up demand from the 2021-2022 chip shortage, which may lead to upside in vehicle sales in 2024.
PartnershipMGA surprised with a TSLA win announcement.
Bears Say
EarningsMGA's Q4 earnings per share of $1.33 missed the consensus estimate of $1.44, with joint venture income contributing to the shortfall.
Financial GuidanceMGA introduced adjusted EBIT and EPS guidance for 2024 that is approximately 5% and 11% below consensus, signaling potential future underperformance.
Investment StrategyMGA's continuous heavy investment in emerging mega-trends may hinder immediate shareholder returns, affecting the stock's attractiveness.
---
Options Prices
Currently, No data available
---
Ownership Overview
1.93% Insiders
12.27% Mutual Funds
6.64% Other Institutional Investors
79.17% Public Companies and
Individual Investors
MG FAQ
What was Magna International’s price range in the past 12 months?
Magna International lowest stock price was C$63.32 and its highest was C$84.83 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 May 03, 2024 which is in 8 days.
How were Magna International’s earnings last quarter?
Magna International released its earnings results on Feb 09, 2024. The company reported C$1.79 earnings per share for the quarter, missing the consensus estimate of C$1.971 by -C$0.181.
Is Magna International overvalued?
According to Wall Street analysts Magna International’s price is currently Undervalued.
Does Magna International pay dividends?
Magna International does not currently pay dividends.
What is Magna International’s EPS estimate?
Magna International’s EPS estimate is C$1.69.
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 C$1.79 in its last earnings report, missing expectations of C$1.971. Following the earnings report the stock price went down -6.742%.
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 761M.
---
Magna International Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
C$82.79 (25.69% Upside)
C$82.79 (25.69% Upside)
Blogger Sentiment
Bullish
TSE:MG Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 2.8M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.6%
Last 30 Days ▼ 9.1%
Last 30 Days ▼ 9.1%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-9.02%
12-Months-Change
Fundamentals
Return on Equity
10.63%
Trailing 12-Months
Asset Growth
16.07%
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.
---
MG Company Deck
---
MG Earnings Call
Q4 2024
0:00 / 0:00
---
MG Stock 12 Months Forecast
Average Price Target
C$82.79
▲(25.69% Upside)
Technical Analysis
Best Analysts Covering MG
1 Year
1 Year Success Rate
7/13 ratings generated profit
1 Year Average Return
+12.60%
reiterated a buy rating 2 months ago
Copying Brian Morrison's trades and holding each position for 1 Year would result in 53.85% of your transactions generating a profit, with an average return of +12.60% per trade.
---