Magna International Inc. (MGA)

NYSE: MGA · IEX Real-Time Price · USD
51.55
+0.86 (1.70%)
At close: May 26, 2023, 4:00 PM
51.36
-0.19 (-0.37%)
After-hours: May 26, 2023, 7:20 PM EDT
1.7%
Market Cap 14.75B
Revenue (ttm) 38.87B
Net Income (ttm) 437.00M
Shares Out 286.10M
EPS (ttm) 1.52
PE Ratio 33.91
Forward PE 8.14
Dividend $1.82 (3.53%)
Ex-Dividend Date May 18, 2023
Volume 690,070
Open 51.57
Previous Close 50.69
Day's Range 50.91 - 51.67
52-Week Range 45.58 - 68.92
Beta 1.63
Analysts Buy
Price Target 62.00 (+20.27%)
Earnings Date May 5, 2023

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 Parts
Founded 1957
Employees 171,000
Stock Exchange NYSE
Ticker Symbol MGA
Full Company Profile

Financial Performance

In 2022, MGA's revenue was $37.84 billion, an increase of 4.41% compared to the previous year's $36.24 billion. Earnings were $592.00 million, a decrease of -60.90%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for MGA stock is "Buy." The 12-month stock price forecast is $62.0, which is an increase of 20.27% from the latest price.

Price Target
$62.0
(20.27% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Magna Announces 2023 Annual Meeting Results

AURORA, Ontario, May 11, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2023 annual meeting of shareholders held on May 11, 2023. A tota...

2 weeks ago - GlobeNewsWire

Magna Announces First Quarter 2023 Results

AURORA, Ontario, May 05, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2023.

3 weeks ago - GlobeNewsWire

Magna Awarded New High-Voltage eDrive Business With Europe-Based Global OEM

AURORA, Ontario, May 03, 2023 (GLOBE NEWSWIRE) -- Magna is taking electrification to the next level of efficiency and range to help meet evolving customer requirements. Today, the company has announce...

3 weeks ago - GlobeNewsWire

Magna Celebrates a Production Milestone: 500,000 Mercedes G-Class Vehicles

GRAZ, Austria, April 20, 2023 (GLOBE NEWSWIRE) -- The Mercedes G-Class is one of the most iconic luxury SUVs globally and has been built by Magna since 1979. The legendary off-road vehicle entered its...

1 month ago - GlobeNewsWire

Magna Announces Date for Q1 2023 Results Call

AURORA, Ontario, April 17, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)  MAGNA ANNOUNCES DATE FOR Q1 2023 RESULTS CALL FRIDAY – MAY 5, 2023 8:00 AM ET DIAL IN NUMBERS Toll-Fre...

1 month ago - GlobeNewsWire

Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive

AURORA, Ontario, April 17, 2023 (GLOBE NEWSWIRE) -- Magna is adding a new customer in engineering and complete vehicle manufacturing with the announcement that it has been awarded a contract to manufa...

1 month ago - GlobeNewsWire

Magna Posts 2022 Annual Report

AURORA, Ontario, March 31, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2022 Annual Report, including Management's Discussion and Analysis and Audite...

2 months ago - GlobeNewsWire

Magna Announces Senior Notes Offerings

AURORA, Ontario, March 07, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into underwriting agreements in respect of the offering of two ser...

2 months ago - GlobeNewsWire

Magna Announces CAD Senior Notes Offering

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2 months ago - GlobeNewsWire

Magna's SmartAccess Power Door System Hits the Market in Style

AURORA, Ontario, March 07, 2023 (GLOBE NEWSWIRE) -- Magna is revolutionizing vehicle access experiences with the launch of its SmartAccess TM power door system on the opposing rear doors of the Ferrar...

2 months ago - GlobeNewsWire

Magna Announces Filing of Shelf Prospectus and Registration Statement

AURORA, Ontario, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) (“Magna” or “we”) today announced that it has filed a short form base shelf prospectus with the Ontario...

3 months ago - GlobeNewsWire

Is Does Magna International Earnings Warning Bad for EV Sales?

Worldwide vehicle parts supplier and manufacturer Magna International Inc. (NYSE: MGA) is one of the most significant players in the automobile and electric vehicles (EV) space you've probably never h...

3 months ago - MarketBeat

Magna Announces New Facility and Expands in Five Other Locations Across Ontario to Support New Business

AURORA, Ontario, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Today, Magna announced it is investing more than $470 million to expand its operations across Ontario, Canada. The growth includes a new battery encl...

3 months ago - GlobeNewsWire

Magna Wins Battery Enclosures Business On First-Ever Chevrolet Silverado EV

AURORA, Ontario, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Magna announced today that it has secured new business from General Motors (GM) to supply battery enclosures on the all-new 2024 Chevrolet Silverado ...

3 months ago - GlobeNewsWire

Magna Announces Fourth Quarter 2022 Results and 2023 Outlook

Fourth Quarter 2022 Highlights

3 months ago - GlobeNewsWire

Magna Updates 2022 Outlook to Reflect Preliminary Full Year 2022 Results

AURORA, Ontario, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has updated its 2022 outlook to reflect an expected Adjusted EBIT Margin1 below...

4 months ago - GlobeNewsWire

Magna's ClearView™ Vision System Comes to Market on Ram Trucks

AURORA, Ontario, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Magna's advanced ClearView™ vision technology designed to make vehicles smarter and safer has made its production debut on the Ram 2500 and 3500 Heav...

4 months ago - GlobeNewsWire

Magna Announces Date for Q4 & Year End 2022 Results and 2023 Outlook Conference Call

AURORA, Ontario, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)

4 months ago - GlobeNewsWire

Magna Morphing Surfaces Technology Offers New Possibilities in Automotive Design

AURORA, Ontario, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Building on its expertise in producing millions of active aerodynamic systems for automakers, today Magna introduces Morphing Surfaces, the next gene...

5 months ago - GlobeNewsWire

Magna International buying Veoneer Active Safety business for $1.525 bln

Magna International Inc. MGA, -0.07% MG, -0.42% said Tuesday it agreed to pay $1.525 billion in cash for the Veoneer Active Safety business from seller SSW Partners. Magna International plans to combi...

5 months ago - Market Watch

Magna International to Buy Veoneer Active Safety for $1.5 Billion

Magna is buying a smaller part of the Veoneer portfolio, after losing a bidding war for the whole company with Qualcomm last year.

5 months ago - Barrons

Magna to Acquire Veoneer Active Safety Business

AURORA, Ontario, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced it has entered into an agreement to acquire the Veoneer Active Safety business from SSW...

5 months ago - GlobeNewsWire

Greentown Go Move 2022 with BASF and Magna Announces Startup Cohort Focused on Automotive Industry Decarbonization

The accelerator program, which specializes in advancing startup-corporate partnerships with BASF and Magna, welcomes five startups working on emissions-reducing innovations for automotive manufacturin...

6 months ago - PRNewsWire

TSX Accepts Notice of Intention to Make Normal Course Issuer Bid

AURORA, Ontario, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") had accepted its Notice of Intention to Make a ...

7 months ago - GlobeNewsWire

Magna Announces Third Quarter 2022 Results

AURORA, Ontario, Nov. 04, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2022.

7 months ago - GlobeNewsWire