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Magna International (MGA) News and press releases

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From Benzinga Pro

Fisker CEO Says Most EVs Still Cost Same As 2 Years Ago Amid Tesla Price War: 'Same People Announced Incredible Increases'

News, Top Stories, Tech

Barclays Maintains Equal-Weight on Magna International, Raises Price Target to $59

News, Price Target, Analyst Ratings

Barclays analyst Dan Levy maintains Magna International (NYSE:MGA) with a Equal-Weight and raises the price target from $58 to $59.

Fisker Brushes Off Ocean SUV Software Glitch Reports As 'Misleading'

News, Top Stories, Tech, Media

Exane BNP Paribas Upgrades Magna International to Neutral

News, Upgrades, Analyst Ratings

Exane BNP Paribas analyst James Picariello upgrades Magna International (NYSE:MGA) from Underperform to Neutral.

RBC Capital Maintains Sector Perform on Magna International, Raises Price Target to $54

News, Price Target, Analyst Ratings

RBC Capital analyst Tom Narayan maintains Magna International (NYSE:MGA) with a Sector Perform and raises the price target from $52 to $54.

Wells Fargo Maintains Equal-Weight on Magna International, Raises Price Target to $54

News, Price Target, Analyst Ratings

Wells Fargo analyst Colin Langan maintains Magna International (NYSE:MGA) with a Equal-Weight and raises the price target from $52 to $54.

The Latest Analyst Ratings for Magna International

Analyst Ratings

Investors Are Increasingly Overweight Tech Stocks

Cryptocurrency, News, Markets, Tech

Short selling ban on bank stocks is likely about to happen. The White House is monitoring the short-selling pressure very closely. They need to avoid chaos and collapse at all costs. This is what they did in 2008.

CFRA Upgrades Magna International to Hold, Raises Price Target to $55

News, Upgrades, Price Target, Analyst Ratings

CFRA analyst Garrett Nelson upgrades Magna International (NYSE:MGA) from Sell to Hold and raises the price target from $50 to $55.

Earnings Scheduled For May 5, 2023

Companies Reporting Before The Bell • CNH Industrial (NYSE:CNHI) is estimated to report quarterly earnings at $0.32 per share on revenue of $5.08 billion.

Magna International Boosts Annual Guidance After Solid Q1 Earnings Beat

Earnings, Equities, News, Guidance, Markets, General

Magna International Raises FY23 Sales Outlook To $40.2B-$41.8B (Up From $39.6B-$41.2B Prior) Vs. Consensus $40.56B

2023 OUTLOOK We disclose a full-year Outlook annually in February with quarterly updates. The following Outlook is an update to our previous Outlook in February 2023. Updated 2023 OUTLOOK

Magna International Q1 Adj EPS $1.11 Beats $0.85 Estimate, Sales $10.67B Beat $9.90B Estimate

Magna International (NYSE:MGA) reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $0.85 by 30.59 percent. This is a 13.28 percent decrease over earnings of $1.28 per share from

Fisker Ocean SUV Drives Into Europe Today: Will Sagging Stock's Fortunes Turn Around?

Equities, News, Top Stories

Magna International's Earnings: A Preview

Benzinga's Top Ratings Upgrades, Downgrades For April 19, 2023

Upgrades, Downgrades, Initiation, Intraday Update, Analyst Ratings

RBC Capital Downgrades Magna International to Sector Perform, Lowers Price Target to $52

News, Downgrades, Price Target, Analyst Ratings

RBC Capital analyst Tom Narayan downgrades Magna International (NYSE:MGA) from Outperform to Sector Perform and lowers the price target from $58 to $52.

Barclays Maintains Equal-Weight on Magna International, Lowers Price Target to $58

News, Price Target, Analyst Ratings

Barclays analyst Dan Levy maintains Magna International (NYSE:MGA) with a Equal-Weight and lowers the price target from $60 to $58.

Magna Wins Contract To Produce All-New Electric Vehicle From INEOS Automotive

Magna is adding a new customer in engineering and complete vehicle manufacturing with the announcement that it has been awarded a contract to manufacture the all-new INEOS Automotive electric off-road vehicle contract

Expert Ratings for Magna International

Analyst Ratings

Press releases

From Benzinga Pro

Magna Announces 2023 Annual Meeting Results

AURORA, Ontario, May 11, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today announced voting results from its 2023 annual meeting of shareholders held on May 11, 2023. A total of 226,558,449

Magna Announces First Quarter 2023 Results

Earnings, Press Releases

Sales increased 11% to $10.7 billion, compared to a global light vehicle production that rose 3%Diluted earnings per share and Adjusted diluted earnings per share were $0.73 and $1.11, respectivelyPaid dividends of $132

Magna Awarded New High-Voltage eDrive Business With Europe-Based Global OEM

News, Contracts, Press Releases, General

Coming to market on 2027 model SUVs and sedansEnables fast reconnect through new decoupling systemPower range from 100 kW to 140 kW, optimized for 800V, delivers affordable costs AURORA, Ontario, May 03, 2023 (GLOBE

Magna Celebrates a Production Milestone: 500,000 Mercedes G-Class Vehicles

News, Travel, Press Releases

A half a million G-Class vehicles have rolled out of GrazSignificant milestone in the long-term partnership with Mercedes-BenzMilestone reflects Magna´s long history as leading contract manufacturer GRAZ,

Magna Announces Date for Q1 2023 Results Call

News, Press Releases

AURORA, Ontario, April 17, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FORQ1 2023 RESULTS CALL FRIDAY – MAY 5, 20238:00 AM ET DIAL IN

Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive

Press Releases, General

New business award includes engineering and manufacturing of the INEOS Automotive electric off-road vehicleProduction expected to start in 2026Builds on Magna's expertise as the largest multi-OEM complete vehicle

Magna Posts 2022 Annual Report

AURORA, Ontario, March 31, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today announced that its 2022 Annual Report, including Management's Discussion and Analysis and Audited Consolidated

Magna Announces Senior Notes Offerings

News, Financing, Press Releases

AURORA, Ontario, March 07, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today announced that it has entered into underwriting agreements in respect of the offering of two series of U.S. dollar

Magna Announces CAD Senior Notes Offering

News, Financing, Press Releases

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES AURORA, Ontario, March 07, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today announced that it has entered

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