Magna International Inc. (MGA)

NYSE: MGA · IEX Real-Time Price · USD
43.64
-1.66 (-3.66%)
Jul 19, 2024, 4:00 PM EDT - Market closed
-3.66%
Market Cap 12.54B
Revenue (ttm) 43.09B
Net Income (ttm) 1.01B
Shares Out 287.28M
EPS (ttm) 3.52
PE Ratio 12.40
Forward PE 6.81
Dividend $1.90 (4.35%)
Ex-Dividend Date May 16, 2024
Volume 2,762,767
Open 44.19
Previous Close 45.30
Day's Range 43.29 - 44.99
52-Week Range 40.83 - 65.27
Beta 1.62
Analysts Buy
Price Target 57.43 (+31.6%)
Earnings Date Aug 2, 2024

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 system, battery enclosures, and engineering and testing; and exteriors, including fascia and trims, front end modules, integration panels, liftgate modules, active aero... [Read more]

Industry Auto Parts
Founded 1957
Employees 168,000
Stock Exchange NYSE
Ticker Symbol MGA
Full Company Profile

Financial Performance

In 2023, MGA's revenue was $42.80 billion, an increase of 13.10% compared to the previous year's $37.84 billion. Earnings were $1.21 billion, an increase of 104.90%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for MGA stock is "Buy." The 12-month stock price forecast is $57.43, which is an increase of 31.60% from the latest price.

Price Target
$57.43
(31.60% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Magna Announces Date for Q2 2024 Results Call

AURORA, Ontario, July 02, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)  MAGNA INTERNATIONAL INC.  SECOND QUARTER 2024 RESULTS WEBCAST  FRIDAY – AUGUST 2, 2024  8:00 AM ET LIVE...

19 days ago - GlobeNewsWire

Magna Awarded Reconfigurable Seating Business With Chinese OEM

AURORA, Ontario, June 18, 2024 (GLOBE NEWSWIRE) -- For more than 65 years, Magna has helped redefine the very concept of consumer experience and design in the vehicle. Today, the company has further a...

4 weeks ago - GlobeNewsWire

Magna Announces CAD Senior Notes Offering

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES AURORA, Ontario, May 27, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced th...

7 weeks ago - GlobeNewsWire

Magna Announces 2024 Annual Meeting Results

AURORA, Ontario, May 09, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2024 annual meeting of shareholders held on May 9, 2024. A total...

2 months ago - GlobeNewsWire

Magna Announces First Quarter 2024 Results

AURORA, Ontario, May 03, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2024.

2 months ago - GlobeNewsWire

Magna Wins 2024 Automotive News PACE Award, Receives PACEpilot Recognitions

AURORA, Ontario, April 30, 2024 (GLOBE NEWSWIRE) -- Magna was named a 2024 Automotive News PACE Award winner and received multiple PACEpilot Innovation to Watch recognitions at the awards ceremony on ...

2 months ago - GlobeNewsWire

Serve Robotics Enters Production Agreement with Magna to Scale Robot Manufacturing

Serve to rely on Magna's manufacturing expertise to scale its fleet to up to 2,000 robots for Uber Eats and for geographic expansion Magna has been licensing Serve's technology to support development ...

Other symbols: SERV
3 months ago - PRNewsWire

Magna Announces Date for Q1 2024 Results Call

AURORA, Ontario, April 15, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)  MAGNA INTERNATIONAL INC. FIRST QUARTER 2024 RESULTS WEBCAST FRIDAY – MAY 3, 2024 8:00 AM ET LIVE AUDIO...

3 months ago - GlobeNewsWire

Magna Posts 2023 Annual Report

AURORA, Ontario, March 28, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2023 Annual Report, including Management's Discussion and Analysis and Audite...

4 months ago - GlobeNewsWire

Magna Announces Senior Notes Offering

AURORA, Ontario, March 05, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into an underwriting agreement in respect of the offering of U.S.$...

4 months ago - GlobeNewsWire

GM Joins Forces With Magna and Wipro To Develop Auto Software Marketplace

General Motors (GM), auto parts supplier Magna International (MGA), and information technology provider Wipro (WIT) are teaming up to develop a platform for businesses to buy and sell automotive softw...

Other symbols: GMWIT
4 months ago - Investopedia

General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: ‘SDVerse'

DETROIT, March 05, 2024 (GLOBE NEWSWIRE) -- General Motors (GM), global automotive supplier Magna, and leading technology services and consulting company Wipro Limited, have teamed up to develop a B2B...

4 months ago - GlobeNewsWire

GM, Magna and Wipro team up for automotive software marketplace

General Motors , auto parts supplier Magna and IT company Wipro said on Tuesday they were working together to create a sales platform, called SDVerse, to buy and sell automotive software.

Other symbols: GMWIT
4 months ago - Reuters

TSX Accepts Notice of Intention to Make Normal Course Issuer Bid

AURORA, Ontario, Feb. 13, 2024 (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 ...

5 months ago - GlobeNewsWire

CORRECTION – Magna Announces Fourth Quarter 2023 Results and 2024 Outlook

In a release issued under the same headline on Friday, February 9th by Magna International Inc. (TSX: MG; NYSE: MGA), please note that some of the information in the Consolidated Statements of Cash Fl...

5 months ago - GlobeNewsWire

Magna Announces Fourth Quarter 2023 Results and 2024 Outlook

Fourth Quarter 2023 Highlights Sales increased 9% to $10.5 billion, compared to 7% increase in global light vehicle production Sales increased 4% excluding foreign currency translation and acquisition...

5 months ago - GlobeNewsWire

Magna Announces Date for Q4 & Year End 2023 Results and 2024 Outlook Conference Call

AURORA, Ontario, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q4 & YEAR END 2023 RESULTS and 2024 OUTLOOK CONFERENCE CALL     FRIDAY – FEBRUA...

6 months ago - GlobeNewsWire

Magna Advances Road Safety With Impaired Driving Prevention Technology

AURORA, Ontario, Jan. 09, 2024 (GLOBE NEWSWIRE) -- At CES 2024, leading mobility technology company Magna introduced a breath and camera-based pre-development technology designed to combat impaired dr...

6 months ago - GlobeNewsWire

Magna Enhances ADAS Capabilities by Joining 5G Innovation Program

AURORA, Ontario, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Magna, a leading global mobility technology company, is enhancing its automated driving capabilities by joining NorthStar – Telia Sweden and Ericsson...

8 months ago - GlobeNewsWire

Canadian union Unifor, Magna resume bargaining after strike at seating plant

Canadian labour union Unifor said on Thursday it has returned to the bargaining table with Magna International after workers staged a walkout at the auto parts supplier's Integram seat manufacturing f...

9 months ago - Reuters

Magna raises 2023 profit forecast, flags impact from UAW strikes

Canadian auto parts supplier Magna International raised its 2023 profit forecast on Friday, but flagged an impact from the United Auto Workers (UAW) union strike in North America.

9 months ago - Reuters

Magna Announces Third Quarter 2023 Results

AURORA, Ontario, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2023.

9 months ago - GlobeNewsWire

Magna Announces Date for Q3 2023 Results Call

AURORA, Ontario, Oct. 04, 2023 (GLOBE NEWSWIRE) --  Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q3 2023 RESULTS CALL FRIDAY – NOVEMBER 3, 2023 8:00 AM ET DIAL IN NUMBERS Toll...

10 months ago - GlobeNewsWire

UAW strikes threaten already vulnerable auto parts suppliers

In the face of prolonged strikes, some smaller suppliers are cutting workers or announcing plans to do so.

Other symbols: FGMSTLAADNTLEA
10 months ago - CNBC

Auto parts makers' stocks rally, as UAW's expanded strike provides a boost

Shares of auto parts makers traded mostly higher Friday, after the United Auto Workers union said it was expanding its strike to nearly 40 in-house auto-parts distribution centers of General Motors Co...

Other symbols: APTVGNTXLEA
10 months ago - Market Watch