Magna International Stock News

Canadians may want to consider top EV stocks like Magna International Inc. (TSX:MG)(NYSE:MGA) after the recent market dip. The post 3 Top EV Stocks to Buy Today appeared first on The Motley Fool Canada .

Magna International (TSX:MG)(NYSE:MGA) is an under-the-radar EV play. The post Forget Rivian: This EV Stock Could Soar appeared first on The Motley Fool Canada .

Wall Street brokerages predict that Magna International Inc. (NYSE:MGA) (TSE:MG) will report sales of $8.90 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Magna Internationals earnings, with the lowest sales estimate coming in at $8.83 billion and the highest estimate coming in at $8.96 billion. Magna []

Magna (MGA) seeks to achieve more than $2 billion in managed powertrain electrification sales by 2023 and above $4 billion by 2027.

Canada''s main stock index came off a seven-week low Thursday, supported by defensive sectors and financials as major lenders boosted their dividends. The S&P/TSX Composite spiked 297.43 points, or 1.5%, by close of business Thursday to 20,762.03. The Canadian dollar gained 0.0 1 cents at 78.07 cents U.S. Consumer discretionary stocks gained with Magna International better by $4.39, or 4.6% to $100.86, and Martinrea International, taking on 49 cents, or 4.8%, to $10.75. In consumer staples, SunOpta hiked 30 cents, or 4%, to $7.83, and George Weston sprinted $5.26, or 3.9%, to $138.66. Health-care stocks also flourished, with Cronos Group up 24 cents, or 4.4%, to $5.64, and Canopy Growth improving 51 cents, or 4%, to $13.25. Only gold faltered, with Alamos Gold leaning lower 18 cents, or 1.9$, to $9.36, while Iamgold doffed 11 cents, or 2.9%, to $3.72. ON BAYSTREET The TSX Venture Exchange lost 7.7 points to end Thursday at 910.22. All but one of 12 TSX subgroups were in the green, led by consumer discretionary stocks, ahead 2.9%, consumer staples, improving 2.7%, and health-care, up 2.5%.

Magna International with ticker code (MGA) have now 15 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 130 and 88 with the average target price sitting at 108.33. With the stocks previous close at 75.24 this now indicates there is a potential upside of 44.0%. The 50 day MA is 81.77 while the 200 day moving average is 87.29. The market cap for the company is $22,662m. Company Website: /> [stock_market_widget type="chart" symbol="MGA" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. The company operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. Its Body Exteriors & Structures segment provides body and chassis systems, as well as engineering and testing services; exterior systems, including fascia and trims, front end modules, front integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, and side doors; and roof systems, such as modular and textile folding roofs, and hard and soft tops.

Automotive Sunroof Market Key Players Studied in this Report Are Magna International Inc. (Canada), Webasto Group (Germany), Inalfa Roof Systems Group B.V. (Netherlands), Inteva Products (U.S.), CIE Automotive (Spain), Valmet Automotive (Finland), Aisin Seiki Co., Ltd. (Japan), Yachiyo Industry Co., Ltd. (Japan). Automotive Sunroof Market Key Players Studied in this Report Are Magna International Inc. (Canada), Webasto Group (Germany), Inalfa Roof Systems Group B.V. (Netherlands), Inteva Products (U.S.), CIE Automotive (Spain), Valmet Automotive (Finland), Aisin Seiki Co., Ltd. (Japan), Yachiyo Industry Co., Ltd. (Japan).

Granite REIT: Good Growth Play

Stocks Analysis by Zacks Investment Research covering: Qualcomm Incorporated, Magna International Inc, Clearfield Inc, Sierra Wireless Inc. Read Zacks Investment Research''s latest article on Investing.com

Automotive Metal Market The global automotive metal market was valued at USD 105 billion in 2020 and registering a CAGR of 4% during the forecast period, 20212027. Automotive metals are metals used in the manufacturing of automotive bodies or vehicle parts, such as steel,

DUBLIN--(BUSINESS WIRE)--The "Automotive Seat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com''s offering. The global automotive seat market reached a value of US$ 71.6 Billion in 2020. Looking forward, the publisher expects the market to grow at a CAGR of around 5% during 2021-2026. Companies Mentioned Adient plc Aisin Seiki Co. Ltd. Faurecia GENTHERM Lear Corporation Magna International Inc. NHK SPRING Co.

Wedbush Securities Inc. increased its holdings in shares of Magna International Inc. (NYSE:MGA) (TSE:MG) by 29.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,295 shares of the companys stock after purchasing an additional 1,435 shares during the period. Wedbush Securities []

Magna International Inc. (TSE:MG) (NYSE:MGA) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$107.61 and traded as high as C$110.33. Magna International shares last traded at C$108.54, with a volume of 609,041 shares changing hands. Several brokerages recently issued reports on MG. CIBC []

Magna International Inc. (NYSE:MGA) (TSE:MG) shares saw an uptick in trading volume on Thursday . 178,906 shares were traded during mid-day trading, a decline of 87% from the previous sessions volume of 1,423,110 shares.The stock last traded at $87.60 and had previously closed at $87.85. Several analysts recently weighed in on MGA shares. Zacks Investment []