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Magna International, Inc. (MGA)

NYSE: MGA · IEX Real-Time Price · USD
73.26 -2.78 (-3.66%)
Sep 20, 2021 9:30 AM EDT - Market open
Market Cap22.86B
Revenue (ttm)38.91B
Net Income (ttm)2.18B
Shares Out300.66M
EPS (ttm)7.23
PE Ratio10.14
Forward PE8.99
Dividend$1.69 (2.31%)
Ex-Dividend DateAug 19, 2021
Volume44,952
Open-
Previous Close76.04
Day's Range73.26 - 73.73
52-Week Range42.18 - 103.74
Beta1.55
AnalystsBuy
Price Target108.33 (+47.9%)
Est. Earnings DateNov 5, 2021

About MGA

Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. The company operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. Its Body Exteriors & Structures segment provides body and chassis systems, as well as engineering and testing services; exterior systems, including fascia and trims, front end modules, front integration panels, liftgate modul...

IndustryAuto Components
Founded1957
CEODonald Walker
Employees158,000
Stock ExchangeNYSE
Ticker SymbolMGA
Full Company Profile

Financial Performance

In 2020, MGA's revenue was $32.65 billion, a decrease of -17.20% compared to the previous year's $39.43 billion. Earnings were $757.00 million, a decrease of -57.11%.

Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for MGA stock is "Buy." The 12-month stock price forecast is 108.33, which is an increase of 47.87% from the latest price.

Price Target
$108.33
(47.87% upside)
Analyst Consensus: Buy

News

Veoneer Shares Pop As Qualcomm Beats Magna's Takeover Offer: Bloomberg

Qualcomm Inc (NASDAQ:QCOM) has made a bid to acquire automotive technology company Veoneer Inc (NYSE:VNE) for over $4 billion, beating Magna International Inc's (NYSE:MGA), Bloomberg reports. Magna offe...

Other symbols:QCOMVNE
6 days ago - Benzinga

Veoneer Files Definitive Proxy in connection with Magna Merger Agreement

STOCKHOLM, Sept. 9, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE) and (SSE: VNE SDB), today announced that it has filed a definitive proxy statement with the Securitie...

Other symbols:VNE
1 week ago - PRNewsWire

IAA Mobility 2021 Munich: Magna to Present Future Ready Portfolio

SAILAUF, Germany, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Magna's commitment to delivering innovative products and systems that also create a better world for tomorrow will be on full display at the IAA 2021...

2 weeks ago - GlobeNewsWire

A Sneak Peek at Tomorrow's Growth Investor September Monthly Issue

I'm sharing what I'm excited about in Friday's Growth Investor. And once you read it, I'm confident you'll be excited, too.

Other symbols:AAPLFGMQS
3 weeks ago - InvestorPlace

7 EV Stocks to Buy That Are Better Than Lucid Motors

LCID is the hottest name in EV stocks right now, but these seven may make for better plays on the vehicle electrification trend. The post 7 EV Stocks to Buy That Are Better Than Lucid Motors appeared fi...

Other symbols:BWAFSRHYLNLIMVSTQS
3 weeks ago - InvestorPlace

How About Tapping the EV Era With These 3 Auto Parts Suppliers?

Stay invested in auto equipment suppliers including Meritor (MTOR), BorgWarner (BWA) and Magna (MGA) to reap long-term rewards from transition into EVs.

Other symbols:BWAFGMMTORTSLA
3 weeks ago - Zacks Investment Research

GOEV Stock Remains a No-Go as the Company Remains a Laggard

GOEV stock continues to play catch up after disappointing continually. There's little reason to believe in Canoo at this point.

Other symbols:AAPLFSRGOEVMS
1 month ago - InvestorPlace

Magna Mezzo™ Panel Modernizing the Face of Electric Vehicles

AURORA, Ontario, Aug. 18, 2021 (GLOBE NEWSWIRE) -- Magna is reimagining the face and functionality of electric vehicle front ends with its new Mezzo Panel technology. The fully integrated Mezzo Panel of...

1 month ago - GlobeNewsWire

Magna (MGA) Q2 Earnings & Sales Miss Mark, Trims '21 View

Magna (MGA) downwardly revises 2021 outlook amid chip crunch. It now expects revenues in the band of $38-$39.5 billion, down from the previous view of $40.2-$41.8 billion.

1 month ago - Zacks Investment Research

Magna (MGA) Lags Q2 Earnings and Revenue Estimates

Magna (MGA) delivered earnings and revenue surprises of -2.78% and -0.53%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Magna Shares Slide On Q2 Earnings Miss As Chip Shortage Bites; Cuts FY21 Outlook

Magna International Inc (NYSE: MGA) reported second-quarter FY21 sales growth of 110% year-on-year, to $9.03 billion, missing the analyst consensus of $9.37 billion. Global light vehicle production grow...

1 month ago - Benzinga

Magna Announces Second Quarter 2021 Results

AURORA, Ontario, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2021.

1 month ago - GlobeNewsWire

Qualcomm Vs. Magna For Automotive Chipmaker Veoneer: Potential Bidding War?

The race to buy automotive chipmaker Veoneer Inc. (NYSE: VNE) is heating up following the entry of QUALCOMM, Inc. (NASDAQ: QCOM) into the fray. 2-Way Race For Veoneer: Qualcomm, a manufacturer of wirele...

Other symbols:QCOMVNE
1 month ago - Benzinga

Magna International Earnings Preview

Magna International (NYSE:MGA) announces its next round of earnings this Friday, August 06. Here is Benzinga's look at Magna International's Q2 earnings report.

1 month ago - Benzinga

Fisker Stock May Be Tapped out for Now, but Take a Look at Magna

If you can't take the volatility of Fisker and FSR stock, Magna International makes a lot of sense if you're looking to bet on Henrik Fisker.  The post Fisker Stock May Be Tapped out for Now, but Take a...

1 month ago - InvestorPlace

Magna (MGA) Gains As Market Dips: What You Should Know

Magna (MGA) closed at $84.35 in the latest trading session, marking a +0.62% move from the prior day.

1 month ago - Zacks Investment Research

Magna (MGA) Earnings Expected to Grow: Should You Buy?

Magna (MGA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

4 Safe and Profitable EV Stocks to Put at the Top of Your Buy List

The risk/reward ratio of these EV stocks are quite favorable, making them worth buying at their current levels. The post 4 Safe and Profitable EV Stocks to Put at the Top of Your Buy List appeared first...

Other symbols:APTVBWA
1 month ago - InvestorPlace

LG and Magna Sign Joint Venture Agreement and Announce Leadership Team

New Company to Fuse Magna's and LG's Electric Powertrain Strengths to Accelerate E-Drive Component Development New Company to Fuse Magna's and LG's Electric Powertrain Strengths to Accelerate E-Drive Co...

1 month ago - GlobeNewsWire

Magna (MGA) Dips More Than Broader Markets: What You Should Know

In the latest trading session, Magna (MGA) closed at $81.03, marking a -0.86% move from the previous day.

1 month ago - Zacks Investment Research

Magna to Bring Driver Assistance Into the Digital Age With Industry-First Capabilities in 2022

AURORA, Ontario, July 27, 2021 (GLOBE NEWSWIRE) -- When Magna International's ICON Radar debuts on the Fisker Ocean next year, it will mark the first application of digital radar for driver-assisted tec...

1 month ago - GlobeNewsWire

VEONEER INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of P...

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Veoneer (NYSE: VNE...

Other symbols:VNE
1 month ago - Business Wire

Magna Buying Veoneer for $3.8 Billion

Jul.23 -- Magna International Inc. will acquire Veoneer Inc. for $3.8 billion in cash, bolstering its business supplying advanced driver-assistance systems to automakers. Magna CEO Swamy Kotagiri talks ...

Other symbols:VNE
1 month ago - Bloomberg Markets and Finance

SHAREHOLDER ALERT: WeissLaw LLP Investigates Veoneer, Inc.

NEW YORK, July 23, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Veoneer, Inc. ("Veoneer" or the "Compan...

Other symbols:VNE
1 month ago - PRNewsWire

Is Magna International (MGA) Outperforming Other Auto-Tires-Trucks Stocks This Year?

Is (MGA) Outperforming Other Auto-Tires-Trucks Stocks This Year?

1 month ago - Zacks Investment Research