Ultime notizie per Magna International (NYSE:MGA) Azioni

Magna International

Magna International prides itself on an entrepreneurial culture and a corporate constitution that outlines the distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2024, 48% of Magna's USD 42.8 billion of revenue came from North America, while Europe accounted for approximately 37% and Asia the remainder. The firm's top six customers constituted 72.9% of revenue, with the top three being GM, Mercedes, and Ford. GM was the largest contributor at 15.4%. Magna was founded in 1957, has over 170,000 employees, and is based in Aurora, Ontario.

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Goldman Sachs analyst Mark Delaney maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a Sell and lowers the price target from $38 to $31.

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Goldman Sachs Maintains Sell on Magna International, Lowers Price Target to $31

UBS analyst Joseph Spak maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a Neutral and lowers the price target from $41 to $34.

UBS Maintains Neutral on Magna International, Lowers Price Target to $34

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Shares of companies in the braoder consumer discretionary sector are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

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Shares of auto component stocks are trading lower after President Trump said he will introduce new tariffs on auto and auto parts imports.

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CIBC analyst Krista Friesen maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a Neutral and lowers the price target from $44 to $36.5.

CIBC Maintains Neutral on Magna International, Lowers Price Target to $36.5

Morgan Stanley analyst Adam Jonas maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a Equal-Weight and lowers the price target from $43 to $40.

Morgan Stanley Maintains Equal-Weight on Magna International, Lowers Price Target to $40

Scotiabank analyst Jonathan Goldman maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a Sector Perform and lowers the price target from $49 to $45.

Scotiabank Maintains Sector Perform on Magna International, Lowers Price Target to $45

RBC Capital analyst Tom Narayan maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a Outperform and lowers the price target from $52 to $51.

RBC Capital Maintains Outperform on Magna International, Lowers Price Target to $51

Raymond James analyst Michael Glen maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a Market Perform and lowers the price target from $53 to $50.

Raymond James Maintains Market Perform on Magna International, Lowers Price Target to $50

Evercore ISI Group analyst Chris McNally maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a In-Line and lowers the price target from $50 to $45.

Evercore ISI Group Maintains In-Line on Magna International, Lowers Price Target to $45

UBS analyst Joseph Spak maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a Neutral and lowers the price target from $44 to $41.

UBS Maintains Neutral on Magna International, Lowers Price Target to $41

Barclays analyst Dan Levy maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a Equal-Weight and lowers the price target from $50 to $47.

Barclays Maintains Equal-Weight on Magna International, Lowers Price Target to $47

Magna International shares are trading lower after the company issued FY25 revenue guidance below estimates.

Magna International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) shares are trading <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">lower in premarket</a> on Friday.
The company reported fourth-quarter sales growth of 2% year-on-year to $10.63 billion, beating the analyst <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43723521/magna-announces-fourth-quarter-2024-results-and-2025-outlook" rel="noreferrer noopener">consensus estimate of $10.34 billion</a>.
Body Exteriors &amp; Structures segment sales decreased 3%, Power &amp; Vision remained flat, Seating Systems climbed 6%, and Complete Vehicles sales gained 17%.
Operating income before income taxes for the quarter was $381 million, with an operating margin of 3.6%.
Adjusted EBIT was $689 million with an adjusted EBIT margin of 6.5%. Adjusted EPS of $1.69 <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">beat the consensus estimate of $1.52.</a>
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/02/43694382/consumer-giant-unilever-warns-on-slower-start-to-2025-ice-cream-spin-off-moves-forward-with-amsterdam-incorporation" rel="noreferrer noopener">Consumer Giant Unilever Warns On Slower Start To 2025, Ice Cream Spin-Off Moves Forward With Amsterdam Incorporation</a>
The operating cash flow for the quarter totaled $1.9 billion. The company repurchased 4.6 million shares for $202 million in the fourth quarter.
Magna held $1.25 billion in cash and equivalents as of December 31, 2024.
The company&#8217;s Board declared a dividend of $0.485 per share, payable on March 14, 2025 to shareholders of record as of the close of business on February 28, 2025. This represents a&nbsp;2%&nbsp;higher dividend than the third quarter&nbsp;dividend of&nbsp;$0.475&nbsp;per&nbsp;share.
&#8220;In 2024, we successfully drove margin expansion and increased cash flow generation through deliberate actions related to operational excellence, restructuring, reduced capital spending, and commercial recoveries,&#8221; said CEO Swamy Kotagiri.
Outlook: Magna sees FY25 sales of $38.6 billion &#8211; $40.2 billion versus the estimate of $42.58&nbsp;billion. Magna sees adjusted EBIT margin of 5.3% &#8211; 5.8%.
Magna sees FY26 sales of $40.5 billion &#8211; $42.6 billion, down from the prior revised outlook of $44.0 billion &#8211; $46.5 billion; adjusted EBIT margin of 6.5% &#8211; 7.2% versus the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/g40124205/magna-announces-second-quarter-2024-results" rel="noreferrer noopener">previous outlook of 6.7% &#8211; 7.4%.</a>
The company noted that forward forecasting is more difficult due to recent industry challenges, including light vehicle production volatility, uncertain electric vehicle take-rates, OEM program recalibration actions, market share shifts, and uncertain government policies.
Price Action: MGA shares are trading lower by 6.10% at $37.25 at the last check Friday.
Read Next:
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Photo via Shutterstock.

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Ultime notizie per Magna International (NYSE:MGA) Azioni

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