Magna International, Inc. which can be found using ticker (MGA) have now 16 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 85 and 47 suggesting an average Analsyt target price of $63.94. Given that the stocks previous close was at $53.54 and the analysts are correct then there would likely be a percentage uptick in value of 19.4%. Also worth taking note is the 50 day moving average now sits at $55.47 and the 200 day moving average is $57.25. The total market capitalization for the company now stands at $15,349m. Visit the company website at: https://www.magna.com
The potential market cap would be $18,330m based on the market consensus.
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, integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, breakthrough lightings, quarter windows, encapsulated glasses, and side doors. The Power & Vision segment offers ?electric drive systems and components, such as emotors, inverters, onboard chargers, gearboxes, and e-clutch; dedicated hybrid drives, dual and hybrid dual clutch, and manual transmissions; AWD/4WD products and rear drive modules; transmission, driveline components, and ICE; engineering services; advanced driver assistance systems sensors and, and electronic control units; interior and exterior mirrors, camera and driver monitoring systems and electronics, actuators, door handles, and overhead consoles; forward, rear, and auxiliary lighting products; latching, door modules, window, power closure, and hinges and wire forming systems; and modular and textile folding roofs, and hard and soft tops. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle engineering and manufacturing services. The company also designs, engineers, and manufactures tooling products. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.
The company has a dividend yield of 3.43% with the ex dividend date set at 23-2-2023 (DMY).
Other points of data to note are a P/E ratio of 26.57, revenue per share of 130.3 and a 3.46% return on assets.
