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Magna International (MGA)

(Delayed Data from NYSE)

$41.97 USD

41.97
2,886,528

+2.50 (6.33%)

Updated Nov 1, 2024 04:00 PM ET

After-Market: $41.96 -0.01 (-0.02%) 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 Buy24.10%
2Buy17.80%
3Hold9.50%
4Sell2.70%
5Strong Sell2.70%
S&P50011.20%

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5-Strong Sell of 5         5

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 B 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 19% (203 out of 250)

Industry: Automotive - Original Equipment

Better trading starts here.

Zacks News

Magna (MGA) Expands Workforce to Strengthen ADAS Abilities

Magna International (MGA) adds Optimus engineers to its staff, aiming for enhanced ADAS infrastructure.

Magna (MGA) Gains But Lags Market: What You Should Know

Magna (MGA) closed the most recent trading day at $79.88, moving +0.05% from the previous trading session.

Magna (MGA) Set to Launch Breakthrough Powertrain in 2022

Magna's (MGA) launch of the all-electric powertrain, EtelligentReach, aims at efficiency gains, reduced carbon-dioxide emissions and an enhanced driving experience for customers.

Magna (MGA) Set for Big Gains in Electrification Program

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

Magna (MGA) Up 5.2% Despite Q3 Earnings Miss, Lowers '21 View

Magna (MGA) downwardly revises full-year 2021 revenue projection to the band of $35.4-$36.4 billion from the prior guided range of $38-$39.5 billion.

Tenneco (TEN) Beats on Q3 Earnings & Sales, Cuts '21 Guidance

Tenneco (TEN) modifies its outlook for 2021. It brings down full-year revenue and adjusted EBITDA projections and forecasts a reduction in debt.

Westport's (WPRT) Earnings and Sales Miss Estimates in Q3

While Westport (WPRT) slips to a loss in Q3 amid high operating expenses, its revenues increase year over year on the back of higher sales volumes.

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Auto Roundup: Chip Crunch Crimps Firms' Near-Term Profit Projections

Chip-related headwinds like manufacturing inefficiencies and high raw material costs prompt companies like CMI, BWA, HMC, MGA, AXL and TEN to cut their full-year outlook.

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.

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      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.

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      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

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      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.