Magna International Inc (NYSE:MGA)’s traded shares stood at 5.61 million during the latest session, with the company’s beta value hitting 1.47. At the last check today, the stock’s price was $35.49, to imply a decrease of -0.32% or -$0.12 in intraday trading. The MGA share’s 52-week high remains $47.22, putting it -33.05% down since that peak but still an impressive 14.37% since price per share fell to its 52-week low of $30.39.
Analysts have given a consensus recommendation of Buy for Magna International Inc (MGA), translating to a mean rating of 2.65. Of 18 analyst(s) looking at the stock, 0 analyst(s) give MGA a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 11 recommend it as a Buy.
Magna International Inc (NYSE:MGA) trade information
After registering a -0.32% downside in the latest session, Magna International Inc (MGA) has traded red over the past five days. The 5-day price performance for the stock is -2.65%, and 6.59% over 30 days. With these gigs, the year-to-date price performance is -15.06%.
The extremes give us $37 and $50 for target low and target high price respectively. As such, MGA has been trading -40.88% off suggested target high and -4.25% from its likely low.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -8.91% for the past 5-year period. While 2025 is set for a -14.36% return in earnings, projections for the next 5 years are at 5.72% annually.
MGA Dividends
Magna International Inc has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Magna International Inc has a forward dividend ratio of 1.92, with the share yield ticking at 5.41% to continue the rising pattern observed over the past year.
The next major institution holding the largest number of shares is ROYAL BANK OF CANADA with 12.62 million shares, or about 4.3917% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $528.67 million.
We also have VANGUARD WINDSOR FUNDS-Vanguard Windsor II Fund and HARRIS ASSOCIATES INVESTMENT TRUST-Oakmark Fund as the top two Mutual Funds with the largest holdings of the Magna International Inc (MGA) shares. Going by data provided on Jan 31, 2025 , VANGUARD WINDSOR FUNDS-Vanguard Windsor II Fund holds roughly 6.49 shares. This is just over 2.30% of the total shares, with a market valuation of $230.52 million. Data from the same date shows that the other fund manager holds a little less at 5.36, or 1.90% of the shares, all valued at about 190.35 million.
