Exane BNP Paribas Upgrades Magna International to Outperform
$MGA
Auto Parts:O.E.M.
Consumer Discretionary
Exane BNP Paribas analyst James Picariello upgrades Magna International (NYSE:MGA) from Neutral to Outperform.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/25/2024 | $55.00 → $43.00 | Overweight → Equal-Weight | Morgan Stanley |
| 9/5/2024 | Peer Perform → Underperform | Wolfe Research | |
| 7/1/2024 | Neutral → Outperform | Exane BNP Paribas | |
| 1/3/2024 | $73.00 → $58.00 | Buy → Neutral | Goldman |
| 9/13/2023 | $63.00 | Neutral | UBS |
| 8/24/2023 | $61.00 | Sector Perform | Scotiabank |
| 7/6/2023 | $65.00 → $85.00 | Neutral → Buy | BofA Securities |
| 5/8/2023 | Underperform → Neutral | Exane BNP Paribas |
Sales of $10.3 billion decreased in-line with the 4% reduction in global light vehicle productionDiluted earnings per share were $1.68, up $0.31, largely reflecting recognition of Fisker deferred revenueAdjusted diluted earnings per share were $1.28, down $0.18, including $0.10 due to a higher income tax rateNormal Course Issuer Bid to purchase up to 10% of our public float of Common Shares, with purchases expected to commence in the fourth quarter of 2024 AURORA, Ontario, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today reported financial results for the third quarter ended September 30, 2024. Please click HERE for full third quarter MD&A and Financial
AURORA, Ontario, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC.THIRD QUARTER 2024 RESULTS WEBCAST FRIDAY – NOVEMBER 1, 20248:00 AM ET LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/431432937 DIAL IN DETAILS Participant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976 Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call until November 8, 2024 Toll-Free Dial-In: 1-800-770-2030Toll Dial-In: 1-609-800-9909Conference ID: 9829976 INVESTOR CONTACTLouis Tonelli, V
Sales of $11.0 billion were level with Q2, 2023, compared to a 2% increase in global light vehicle productionDiluted earnings per share and Adjusted diluted earnings per share were $1.09 and $1.35, respectivelyPaid dividends of $134 million2024 outlook for Total Sales largely unchanged, Adjusted EBIT Margin range narrowed to 5.4% to 5.8% AURORA, Ontario, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today reported financial results for the second quarter ended June 30, 2024. Please click HERE for full second quarter MD&A and Financial Statements. THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30, 2024 2023 2024 2023Reported Sales
Morgan Stanley downgraded Magna from Overweight to Equal-Weight and set a new price target of $43.00 from $55.00 previously
Wolfe Research downgraded Magna from Peer Perform to Underperform
Exane BNP Paribas upgraded Magna from Neutral to Outperform
Dedicated hybrid drive system brings high performance and sustainability to leading Chinese OEMNew 800V solution ensures a smooth and comfortable experience in all driving conditionsScalable DHD Duo design integrates seamlessly across various vehicle models, enhancing energy efficiency and driving versatility AURORA, Ontario, Nov. 19, 2024 (GLOBE NEWSWIRE) -- As OEMs increasingly prioritize hybrid solutions globally within their broader electrification strategies, Magna has secured its first award for a Dedicated Hybrid Drive (DHD) Duo system with a leading Chinese OEM. This recognition underscores Magna's commitment to innovation and sustainability, as well as the company's flexi
AURORA, Ontario, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today announced the termination of its existing Normal Course Issuer Bid effective since February 15, 2024 (the "Prior NCIB") and the Toronto Stock Exchange ("TSX") has accepted its Notice of Intention to establish a new Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 28,500,000 Magna Common Shares (the "New NCIB"), representing approximately 10% of its public float. As at October 31, 2024, Magna had 287,342,204 issued and outstanding Common Shares, including a public float of 286,960,792 Common Shares. Magna's Prior NCIB announced in February 2024 for t
Sales of $10.3 billion decreased in-line with the 4% reduction in global light vehicle productionDiluted earnings per share were $1.68, up $0.31, largely reflecting recognition of Fisker deferred revenueAdjusted diluted earnings per share were $1.28, down $0.18, including $0.10 due to a higher income tax rateNormal Course Issuer Bid to purchase up to 10% of our public float of Common Shares, with purchases expected to commence in the fourth quarter of 2024 AURORA, Ontario, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today reported financial results for the third quarter ended September 30, 2024. Please click HERE for full third quarter MD&A and Financial
6-K - MAGNA INTERNATIONAL INC (0000749098) (Filer)
6-K - MAGNA INTERNATIONAL INC (0000749098) (Filer)
6-K - MAGNA INTERNATIONAL INC (0000749098) (Filer)
AURORA, Ontario, May 09, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today announced voting results from its 2024 annual meeting of shareholders held on May 9, 2024. A total of 230,328,916 Common Shares or 80.18% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows: a. Election of Directors NomineeVotes FORNomineeVotes FORMary S. Chan95.27%Mary Lou Maher98.16%Hon. V. Peter Harder98.97%William A. Ruh96.46%Jan R. Hauser99.73%Dr. Indira V. Samarasekera89.07%Seetarama S. Kotagiri (CEO)99.54%Matthew Tsien96.22%Jay K. Kunkel99.83%Dr. Thomas Weber95.08%Rober
SAN FRANCISCO, March 7, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve"), a leading autonomous sidewalk delivery company, announces that it has qualified to trade on the OTCQB® Venture Market operated by the OTC Markets Group Inc. and the Company's common shares commenced trading today on the OTCQB under the ticker symbol "SBOT". "Serve's transition to a publicly traded entity marks an important moment in the robotics landscape, showcasing our role as one of the first to commercially deploy AI-powered robots in urban settings. With the backing of strategic p
SDVerse serves as a ‘matchmaking' platform between buyers and sellers of embedded automotive softwareFocuses on matching automotive software buyers and sellers, over captive software developmentThe digital platform increases transparency and reduces inefficiencies in software development and procurementAmpere*, FEV, Forvia, HL Mando, NXP Semiconductors, TTTech Auto, and Valeo lead a "Launch Partner" group supporting SDVersePrashant Gulati has been named CEO of the new SDVerse organization effective March 5th, 2024 DETROIT, March 05, 2024 (GLOBE NEWSWIRE) -- General Motors (GM), global automotive supplier Magna, and leading technology services and consulting company Wipro Limited, have tea
B of A Securities analyst John Murphy maintains Magna International (NYSE:MGA) with a Buy and lowers the price target from $65 to $62.
JP Morgan analyst Ryan Brinkman maintains Magna International (NYSE:MGA) with a Overweight and lowers the price target from $69 to $63.
Barclays analyst Dan Levy maintains Magna International (NYSE:MGA) with a Equal-Weight and lowers the price target from $60 to $55.
SC 13G/A - MAGNA INTERNATIONAL INC (0000749098) (Subject)
SC 13G - MAGNA INTERNATIONAL INC (0000749098) (Filed by)
SC 13G/A - MAGNA INTERNATIONAL INC (0000749098) (Subject)