Magna International, Inc. (MGA)

NYSE: MGA · IEX Real-Time Price · USD
-0.20 (-0.34%)
Jun 28, 2022 4:00 PM EDT - Market closed
Market Cap 17.09B
Revenue (ttm) 35.71B
Net Income (ttm) 1.26B
Shares Out 294.98M
EPS (ttm) 4.19
PE Ratio 13.85
Forward PE 12.06
Dividend $1.76 (3.04%)
Ex-Dividend Date May 12, 2022
Volume 845,824
Open 58.49
Previous Close 58.15
Day's Range 57.88 - 59.93
52-Week Range 53.96 - 95.00
Beta 1.48
Analysts Buy
Price Target 64.86 (+11.9%)
Earnings Date Aug 5, 2022

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. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment provides body and chassis, exterior, and roof systems, as well as battery enclosures and engineering and testing services, including fascia and trims, front end modules, front integration panels... [Read more...]

Industry Auto Components
Founded 1957
CEO Donald Walker
Employees 161,000
Stock Exchange NYSE
Ticker Symbol MGA
Full Company Profile

Financial Performance

In 2021, MGA's revenue was $36.24 billion, an increase of 11.01% compared to the previous year's $32.65 billion. Earnings were $1.51 billion, an increase of 100.00%.

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for MGA stock is "Buy." The 12-month stock price forecast is 64.86, which is an increase of 11.92% from the latest price.

Price Target
(11.92% upside)
Analyst Consensus: Buy
Stock Forecasts


$36 Billion Magna International Promotes A Former R&D Leader To Chief Digital And Information Officer

Boris Shulkin was recently named Executive Vice President and Chief Digital and Information Officer of Magna International. He was elevated to this role nearly two decades into his tenure with the $36 b...

Auto industry CEOs urge Congress to quickly pass chips funding

Major automakers and industry suppliers on Wednesday urged Congress to move quickly to pass $52 billion in subsidies for U.S. semiconductor production, according to a letter seen by Reuters.

BlackBerry and Magna Collaborate on Next-Generation Advanced Driver Assistance System Solutions for Global Automakers

WATERLOO, ON and AURORA, ON , May 18, 2022 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) and Magna International Inc. (TSX: MG; NYSE: MGA) have entered into a multi-year agreement to collaborat...

Other symbols: BB

Magna Announces 2022 Annual and Special Meeting Results

AURORA, Ontario, May 03, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2022 annual and special meeting of shareholders held on May 3, 202...

Magna (MGA) Tops Q1 Earnings Estimates, Trims '22 Guidance

Magna (MGA) now expects full-year 2022 revenues in the band of $37.3-$38.9 billion, down from the previous guided range of $38.8-$40.4 billion.

Magna (MGA) Surpasses Q1 Earnings and Revenue Estimates

Magna (MGA) delivered earnings and revenue surprises of 21.90% and 8.57%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Magna Announces First Quarter 2022 Results

AURORA, Ontario, April 29, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2022.

Magna (MGA) Segmental Estimates Signal Dull Q1 Earnings Show

The Zacks Consensus Estimate for Magna's (MGA) Q1 earnings and revenues is pegged at $1.05 per share and $8.88 billion, respectively.

Analysts Estimate Magna (MGA) to Report a Decline in Earnings: What to Look Out for

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.

Magna (MGA), LG Electronics Enter Into JV to Bolster EV Strength

Magna (MGA) and LG Electronics announce a JV to launch a new Powertrain facility in Mexico. This is the JV's first foothold in North America.

LG Magna e-Powertrain Celebrates Groundbreaking of New Facility in Mexico

New manufacturing plant to produce electric powertrain components for General Motors from 2023, creating an estimated 400 new jobs New manufacturing plant to produce electric powertrain components for G...

Magna-LG Mexican plant to supply components for GM electric vehicles

Magna International and LG Electronics are constructing a factory in the Mexican city of Ramos Airzpe that will supply electric vehicle components to General Motors Co, starting in 2023.

Other symbols: GM

Magna's Upcoming Investor Event to Include Update on Strategy and Feature Driving Experiences

AURORA, Ontario, April 19, 2022 (GLOBE NEWSWIRE) -- One year after Magna (TSX: MG, NYSE: MGA) rolled out its go-forward strategy, the company is back with its investor event scheduled for May 10, 2022, ...

Should Value Investors Pick Magna International (MGA) Stock?

Let's see if Magna International (MGA) stock is a good choice for value-oriented investors right now from multiple angles.

Why Shares of Magna International Dropped 13.4% in March

The market slammed on the brakes last month due to a variety of factors.

Q1-2022 Results Conference Call

AURORA, Ontario, April 08, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)

Magna (MGA) to Expand Ontario Operations for Battery Enclosures

Magna (MGA) plans to scale up its operations in Ontario by investing in a battery enclosure facility. The investment promises to fuel growth and create around 150 jobs in the area.

Magna Posts 2021 Annual Report

AURORA, Ontario, March 25, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2021 Annual Report, including Management's Discussion and Analysis and Audited ...

3 Top Auto Stocks to Buy and Hold for the Long Haul

A multiyear period of sales expansion is looming for the automotive sector, and these companies are well-positioned to benefit from it.

Other symbols: ALVGT

Magna Enters Joint Venture With LAN to Assemble Seats in Michigan

AURORA, Ontario, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Today Magna announced it has entered into a joint venture (“JV”) with LAN Manufacturing, a minority-owned automotive supplier based in Michigan. The JV...

Magna's (MGA) Q4 Earnings Surpass Estimates, Decline Y/Y

Magna (MGA) reports year-over-year lower Q4 earnings but beats estimates on the back of higher-than-expected EBIT across all segments.

Magna Announces Board Leadership and Other Changes

AURORA, Ontario, Feb. 11, 2022 (GLOBE NEWSWIRE) -- Magna announced today upcoming changes to the leadership of its Board of Directors, ahead of the company's annual meeting scheduled for May 3, 2022.

Magna Announces Fourth Quarter 2021 Results and Outlook

Fourth Quarter 2021 Highlights

A Peek Into Key Predictions Ahead of Magna (MGA) Q4 Earnings

The Zacks Consensus Estimate for Magna's (MGA) Q4 earnings and revenues is pegged at 83 cents per share and $8.94 billion, respectively.

Magna Lands Industry-First Award for Integrated Driver and Occupant Monitoring System

AURORA, Ontario, Feb. 07, 2022 (GLOBE NEWSWIRE) -- With the rapid global growth of advanced driver assistance systems (ADAS), driver monitoring is quickly becoming an important feature and safety functi...