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Magna International (MGA)

(Delayed Data from NYSE)

$42.56 USD

42.56
1,384,149

+1.51 (3.68%)

Updated Aug 23, 2024 04:00 PM ET

After-Market: $42.56 0.00 (0.00%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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4-Sell of 5       4  

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value B Growth D Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 28% (181 out of 251)

Industry: Automotive - Original Equipment

Better trading starts here.

Zacks News

Goodyear's (GT) Q3 Earnings & Revenues Beat on High Volumes

Goodyear's (GT) Q3 earnings beat estimates and rise year over year on the back of higher volumes and synergies from the Cooper Tire merger.

Magna (MGA) Q3 Earnings Lag Estimates

Magna (MGA) delivered earnings and revenue surprises of -25.33% and 0.90%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Lear's (LEA) Q3 Earnings Miss Estimates, 2021 View Tepid

Lear (LEA) forecasts full-year 2021 sales in the band of $18.8-$19.2 billion, down from the previous guided range of $20.3-$21.1 billion.

    Fisker (FSR) Inks Long-Term Battery Supply Deal With CATL

    Per the deal, Fisker (FSR) will utilize CATL's unique dual-chemistry cell capability to optimize vehicle performance and achieve cost effectiveness across the Fisker Ocean line-up.

      BorgWarner (BWA) Beats on Q3 Earnings, Dims '21 Projections

      BorgWarner (BWA) now anticipates 2021 net sales within $14.4-$14.7 billion, down from the previous guided range of $15.2-$15.6 billion.

      Key Factors to Note Ahead of Magna's (MGA) Q3 Earnings

      Declining revenues across all segments and rising costs are likely to have dented Magna's (MGA) Q3 performance.

      Analysts Estimate Magna (MGA) to Report a Decline in Earnings: What to Look Out for

      Magna (MGA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

      Allison (ALSN) Q3 Earnings Match Estimates, Sales Beat

      Amid persistent supply chain disruptions, Allison (ALSN) trims its 2021 guidance. It now projects net sales in the band of $2,325-$2,400 million versus the prior estimate of $2,325-$2,475 million.

      Autoliv (ALV) Down 2.6% Since Q3 Earnings and Sales Miss

      Amid persistent supply-chain uncertainty due to chip crunch, Autoliv (ALV) trims full-year 2021 forecasts.

      Rimmi Singhi headshot

      Auto Stock Roundup: AN Inks Deal to Buy Priority 1, MGA Trims '21 View & More

      AutoNation's (AN) deal to acquire Priority 1 is set to add $420 million in annualized revenues. Meanwhile, Magna (MGA) slashes 2021 revenues and EBIT margin forecast amid chip woes.

      Gentex (GNTX) Lags Q3 Earnings & Sales Estimates, Revises 2H'21 View

      Gentex (GNTX) envisions net sales in the band of $770-$840 million for second-half 2021, lower than the previous outlook of $970 million-$1.07 billion.

      Allison (ALSN) to Offer E-Transmission Solutions to US Army Fleet

      Allison (ALSN) is speeding up the end-to-end development of its Next Generation Electrified Transmission to be used by the U.S. Army's ground combat fleet.

      Qualcomm Acquires Veoneer (VNE), Defeats Magna With Higher Bid

      The latest deal to acquire Veoneer (VNE) puts an end to the bidding war brewing between Qualcomm and Magna for control of the Swedish automotive-technology company.

      Allison's (ALSN) eGen Flex to be Offered by New Flyer in 2022

      Allison's (ALSN) eGen Flex will be offered by New Flyer to bring a sustainable and efficient transit model to the market.

      Kevin Cook headshot

      Bull of the Day: Qualcomm (QCOM)

      5G leader has strong growth ahead, despite missing the mark in an ADAS bidding war

      TJX Companies, Kimberly-Clark, Meritor, BorgWarner and Magna highlighted as Zacks Bull and Bear of the Day

      TJX Companies, Kimberly-Clark, Meritor, BorgWarner and Magna highlighted as Zacks Bull and Bear of the Day

      Rimmi Singhi headshot

      How About Tapping the EV Era With These 3 Auto Parts Suppliers?

      Stay invested in auto equipment suppliers including Meritor (MTOR), BorgWarner (BWA) and Magna (MGA) to reap long-term rewards from transition into EVs.

      Adient (ADNT) Down 2.5% Since Q3 Loss, Slashes FY21 View

      Adient (ADNT) projects fiscal 2021 revenues within $14.3-$14.5 billion, lower than the prior outlook of $14.6-$15 billion.

      Tenneco (TEN) Shares Barely Move Since Q2 Earnings Miss

      Tenneco (TEN) projects 2H'21 revenues and adjusted EBITDA in the band of $9-$9.3 billion and $616-$696 million, respectively.

      Magna (MGA) Q2 Earnings & Sales Miss Mark, Trims '21 View

      Magna (MGA) downwardly revises 2021 outlook amid chip crunch. It now expects revenues in the band of $38-$39.5 billion, down from the previous view of $40.2-$41.8 billion.

      Allison (ALSN) Down 2.8% Since Q2 Earnings & Sales Beat

      Allison Transmission (ALSN) projects adjusted free cash flow within $415-$475 million for 2021.

      LEAR (LEA) Q2 Earnings Beat, Sales Miss Estimates, '21 View Down

      For 2021, Lear (LEA) projects net sales of $19.7-$20.5 billion, lower than the earlier forecast of $20.3-$21.1 billion.

      Westport (WPRT) Q2 Earnings & Sales Beat Estimates, Up Y/Y

      Westport's (WPRT) revenues skyrocket 135% year over year to $84.7 million for the second quarter of 2021.

      Goodyear (GT) Q2 Earnings Beat Estimates, Sales Soar 86% Y/Y

      High sales volumes from the Europe, Middle East and Africa (EMEA) and Asia Pacific units drive Goodyear Tire's (GT) Q2 results.

      Bidding War Brewing for Veoneer (VNE): Here's What You Should Know

      Qualcomm's latest offer to buy Veoneer (VNE) comes in at $4.6 billion, $800 million more than Magna's offer.