Wall St futures flat amid US-China trade jitters; bank earnings in focus
Magna International Inc. (MGA) stock reached a notable milestone by hitting a 52-week high of 47.82 USD. The $13.45B market cap automotive supplier has shown impressive momentum, delivering a 40.72% return over the past six months while maintaining an attractive 4.09% dividend yield. This performance reflects a significant uptick for the company, marking a 20.68% increase over the past year. The automotive supplier’s stock performance has been bolstered by robust demand in the sector and strategic initiatives that have resonated well with investors. Trading at a P/E ratio of 11.11 and currently showing signs of undervaluation according to InvestingPro Fair Value analysis, Magna continues to demonstrate strength with its 34-year track record of consistent dividend payments. As the company expands its market presence, the stock’s recent performance underscores investor confidence and potential for future growth. For deeper insights into Magna’s valuation and 12 additional exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Magna International has seen several updates from financial analysts following its latest earnings report. CFRA has increased its price target for Magna to $42.00 from $35.00, maintaining a Hold rating. This adjustment comes after Magna’s second-quarter earnings exceeded expectations and the company raised its guidance for 2025. CFRA also revised its adjusted earnings per share estimates to $4.90 for 2025 and $5.60 for 2026. Additionally, BMO Capital raised its price target to $47.00 from $46.00, keeping an Outperform rating, citing a quarterly report that aligned with expectations. CIBC has assumed coverage of Magna with a Neutral rating and set a price target of $47.00, slightly up from the previous $46.00. These developments reflect a mix of cautious optimism and acknowledgment of recent positive performance indicators for Magna.
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