Magna

FactSet analysts give Magna International a hold rating, with a target price of $39.48

Magna International has an average rating of hold and mean price target of $39.48, according to analysts polled by FactSet.

RBC Cuts Price Target on Magna International to $31 From $32, Keeps Sector Perform Rating

Magna International Inc (MG.TO) is anticipated to report earnings of 90 cents per share, with a projected 11.7% decline in quarterly revenue to $9.686 billion for the period ending March 31, 2025. The average analyst rating is "hold," with a median 12-month price target of $44.00, below its last closing price of C$48.44. The mean earnings estimate has decreased by 0.5% over the last three months. Previous quarterly performances show mixed results, with several misses and beats in earnings estimates.

Magna International Inc (MG.TO) expected to post earnings of 90 cents a share - Earnings Preview

Veritas has upgraded Magna International (NYSE:MGA) to a "hold" rating. Other analysts have also adjusted their ratings, with Evercore ISI lowering the target price from $50 to $45, and Bank of America downgrading from "buy" to "neutral" with a price target reduction from $52 to $48. Currently, Magna has an average rating of "hold" and a target price of $44.32. The stock opened at $34.07, with a market cap of $9.60 billion and a P/E ratio of 9.71. Magna reported $1.69 EPS for the last quarter, exceeding estimates.

Veritas Upgrades Magna International (NYSE:MGA) to "Hold"

Magna International (NYSE:MGA) shares fell 3.3% after reporting quarterly earnings of $0.78 per share, missing estimates of $0.89. The stock traded as low as $33.43, with a significant drop in trading volume. The company also announced a dividend increase to $0.485 per share. Analysts have lowered their price targets, with a consensus rating of "Hold" and an average price target of $43.74. Magna's market cap is $9.58 billion, with a PE ratio of 9.69 and institutional ownership at 67.49%.

Magna International (NYSE:MGA)  Shares Down 3.3%  After Earnings Miss

Magna International (NYSE:MGA) is set to release its Q1 2025 earnings on May 2, with analysts expecting earnings of $0.89 per share and revenue of $9.66 billion. The company recently reported $1.69 EPS for Q4 2024, exceeding estimates. Magna's stock is currently trading at $35.01, with a market cap of $9.86 billion. The company has increased its quarterly dividend to $0.485, yielding 5.54%. Recent analyst ratings have seen price targets adjusted downwards, with a consensus rating of "Hold" and an average price target of $43.74.

FactSet analysts give Magna International a hold rating, with a target price of $39.48

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