Exchange: NYSE·Updated 07:30 PM EDT
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MGA Magna International Inc.

$63.99
$0.17
(0.27%)
Today
Closed $63.99
$0.00
(0.00%)
After Hours
EarningsOct 30
Mkt Cap$16.99B
Vol640,826.00

About MGA

Magna International, Inc. is a mobility technology company, which engages in the design, engineering, and manufacturing of automotive supplies. It operates through the following segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment includes body and chassis systems, exterior systems, and roof systems operations. The Power & Vision segment comprises global powertrain systems, electronics systems, mirrors, lighting, and mechatronics operations. The Seating Systems segment deals with global seating systems operations. The Complete Vehicles segment focuses on vehicle engineering and manufacturing operations. The company was founded by Frank Stronach in 1957 and is headquartered in Aurora, Canada.
63

Bullish Sentiment

How do you feel about MGA?

LeeEnnisEA
$MGA just initiated a 1/4 of a full position. Looking forward to hearing all about the canadian used car matket. I'll buy 1/4 more 10% higher or lower from here
topstockalerts
BMO Capital analyst Tamy Chen downgraded Magna International to Market Perform from Outperform and cut her price target to $70 from $76. The move pressured the shares, which traded at CA$87.93 after reaching an intraday high of CA$89.59. The downgrade marked a notable shift from one of the more bullish analyst views on Magna, with Chen citing a less attractive risk-reward balance at current levels. With no major corporate announcements or earnings releases scheduled, the analyst action was the main catalyst for the session’s decline. Broader North American markets also provided little support, while Canada’s S&P/TSX Composite faced mixed conditions as strength in metals and mining was offset by weaker oil prices and continued inflation above the Bank of Canada’s 2% target. The combination of the high-profile downgrade and broader market weakness pushed Magna toward the lower end of its intraday range. $MGA

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