Magna International Stock Today
| MGA Stock | USD 45.14 0.19 0.42% |
Performance6 of 100
| Odds Of DistressLess than 3
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Magna International is trading at 45.14 as of the 30th of November 2024, a 0.42 percent increase since the beginning of the trading day. The stock's open price was 44.95. Magna International has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Note, on May 4, 2024, Representative Earl Blumenauer of US Congress acquired under $15k worth of Magna International's common stock.
Business Domain Automobiles & Components | IPO Date 26th of March 1990 | Category Consumer Cyclical | Classification Consumer Discretionary |
Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada. The company has 287.34 M outstanding shares of which 7.92 M shares are now shorted by investors with about 8.44 days to cover. More on Magna International
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Magna Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO | Donald Walker | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Automotive Parts & Equipment, Automobiles & Components, Consumer Discretionary, NYSE Composite, Nasdaq CTA Artificial, Cars, Automobiles and Trucks, Power Assets, Consumer Discretionary, Automobile Components, Auto Parts, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsMagna International can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Magna International's financial leverage. It provides some insight into what part of Magna International's total assets is financed by creditors.
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Magna International (MGA) is traded on New York Stock Exchange in USA. It is located in 337 Magna Drive, Aurora, ON, Canada, L4G 7K1 and employs 162,000 people. Magna International is listed under Automotive Parts & Equipment category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 12.97 B. Magna International runs under Automobile Components sector within Consumer Discretionary industry. The entity has 287.34 M outstanding shares of which 7.92 M shares are now shorted by investors with about 8.44 days to cover.
Magna International has about 1.23 B in cash with 3.15 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.76.
Check Magna International Probability Of Bankruptcy
Ownership AllocationMagna International maintains a total of 287.34 Million outstanding shares. The majority of Magna International outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Magna International to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Magna International. Please pay attention to any change in the institutional holdings of Magna International as this could imply that something significant has changed or is about to change at the company. Please note that on May 4, 2024, Representative Earl Blumenauer of US Congress acquired under $15k worth of Magna International's common stock.
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Magna Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Bank Of Montreal | 2024-06-30 | 4.7 M | |
| Bmo Capital Markets Corp. | 2024-06-30 | 4.7 M | |
| Morgan Stanley - Brokerage Accounts | 2024-06-30 | 4.4 M | |
| Fidelity International Ltd | 2024-06-30 | 4.3 M | |
| Letko, Brosseau & Associates Inc. | 2024-09-30 | 3.8 M | |
| Norges Bank | 2024-06-30 | 3.4 M | |
| Dimensional Fund Advisors, Inc. | 2024-09-30 | 3.3 M | |
| Cibc Global Asset Management Inc | 2024-09-30 | 3 M | |
| Mackenzie Investments | 2024-09-30 | 3 M | |
| Pzena Investment Management, Llc | 2024-09-30 | 26.3 M | |
| Royal Bank Of Canada | 2024-06-30 | 12.6 M |
Magna International Historical Income Statement
Magna Stock Against Markets
Magna International Corporate Directors
| Peter Bowie | Independent Director | Profile | |
| William Ruh | Independent Director | Profile | |
| V Harder | Independent Director | Profile | |
| Indira Samarasekera | Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magna International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. For information on how to trade Magna Stock refer to our How to Trade Magna Stock guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Magna International. If investors know Magna will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Magna International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.226 | Dividend Share 1.9 | Earnings Share 3.75 | Revenue Per Share 148.635 | Quarterly Revenue Growth (0.04) |
The market value of Magna International is measured differently than its book value, which is the value of Magna that is recorded on the company's balance sheet. Investors also form their own opinion of Magna International's value that differs from its market value or its book value, called intrinsic value, which is Magna International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Magna International's market value can be influenced by many factors that don't directly affect Magna International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Magna International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magna International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magna International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.