Magna upgraded by RBC Capital Mkts with a new price target
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Consumer Discretionary
RBC Capital Mkts upgraded Magna from Sector Perform to Outperform and set a new price target of $52.00 from $41.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/11/2025 | Outperform → Sector Perform | RBC Capital Mkts | |
| 3/4/2025 | $52.00 → $48.00 | Buy → Neutral | BofA Securities |
| 1/24/2025 | $41.00 → $52.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 12/11/2024 | $42.00 → $41.00 | Neutral → Sell | Goldman |
| 12/5/2024 | Underperform → Peer Perform | Wolfe Research | |
| 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 |
RBC Capital Mkts downgraded Magna from Outperform to Sector Perform
BofA Securities downgraded Magna from Buy to Neutral and set a new price target of $48.00 from $52.00 previously
RBC Capital Mkts upgraded Magna from Sector Perform to Outperform and set a new price target of $52.00 from $41.00 previously
AURORA, Ontario, May 14, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) has announced that it has entered into underwriting agreements in respect of the offering of one series of Euro denominated senior notes ("Euro senior notes") and one series of U.S. dollar denominated senior notes ("U.S. dollar senior notes"), as follows: Principal AmountMaturityAnnual Interest RateEuro Senior Notes€575,000,000May 21, 20313.625%U.S. Dollar Senior Notes$400,000,000June 1, 20355.875% Magna intends to use the net proceeds from the offerings of the Euro senior notes and the U.S. dollar senior notes for general corporate purposes, which may include the repayment of its existing in
AURORA, Ontario, May 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today announced voting results from its 2025 annual and special meeting of shareholders held on May 8, 2025. A total of 221,621,186 Common Shares or 78.66% 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. Chan98.05%William A. Ruh88.30%Hon. V. Peter Harder98.56%Dr. Indira V. Samarasekera85.59%Jan R. Hauser99.48%Peter Sklar99.87%Seetarama S. Kotagiri (CEO)99.53%Matthew Tsien88.33%Jay K. Kunkel99.
Comparing the first quarter of 2025 to the first quarter of 2024: - Sales decreased 8% to $10.1 billion, as global light vehicle production decreased 3%, which included 8% and 5% declines in Europe and North America, respectively - Diluted earnings per share of $0.52 and Adjusted diluted earnings per share of $0.78, compared to $0.03 and $1.08, respectivelyFirst quarter performance was broadly ahead of our expectations driven by strong incremental margins on better than anticipated vehicle productionReturned $187 million to shareholders through dividends and share repurchasesUpdated 2025 Outlook excludes potential impacts of tariffs including on light vehicle production, full year 2025 ra
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AURORA, Ontario, May 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today announced voting results from its 2025 annual and special meeting of shareholders held on May 8, 2025. A total of 221,621,186 Common Shares or 78.66% 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. Chan98.05%William A. Ruh88.30%Hon. V. Peter Harder98.56%Dr. Indira V. Samarasekera85.59%Jan R. Hauser99.48%Peter Sklar99.87%Seetarama S. Kotagiri (CEO)99.53%Matthew Tsien88.33%Jay K. Kunkel99.
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
Comparing the first quarter of 2025 to the first quarter of 2024: - Sales decreased 8% to $10.1 billion, as global light vehicle production decreased 3%, which included 8% and 5% declines in Europe and North America, respectively - Diluted earnings per share of $0.52 and Adjusted diluted earnings per share of $0.78, compared to $0.03 and $1.08, respectivelyFirst quarter performance was broadly ahead of our expectations driven by strong incremental margins on better than anticipated vehicle productionReturned $187 million to shareholders through dividends and share repurchasesUpdated 2025 Outlook excludes potential impacts of tariffs including on light vehicle production, full year 2025 ra
AURORA, Ontario, April 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. ANNOUNCES DATE FORFIRST QUARTER 2025 RESULTS WEBCAST FRIDAY, MAY 2nd, 2025 @ 8:00 AM EDT LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/975055076 DIAL-IN DETAILSParticipant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call and will expire May 9th, 2025 @ 11:59 PM EDTToll-Free Dial-In: 1-800-770-2030Toll Dial-In: 1-609-800-9909Conference ID: 98299
AURORA, Ontario, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. ANNOUNCES DATE FOR Q4 & YEAR END 2024 RESULTS and 2025 OUTLOOK WEBCAST FRIDAY, FEBRUARY 14, 2025 @ 8:00 AM ET LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/672335329 DIAL-IN DETAILSParticipant Toll-Free Dial-In:1-800-715-9871Participant Toll Dial-In:1-646-307-1963Conference ID:9829976Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call until February 21, 2025Toll-Free Dial-In:1-800-770-2030Toll Dial-In:1-609-800-9909Conference ID:9829976 INVEST