Magna International (MGA)

• Market cap: $12.1B
• 1 day: 2.28%
• 5 days: -4.02%
• 1 month: -1.01%
• 3 months: 0.52%
• 6 months: 0.55%
• Year to date: -28.67%
• 1 year: -26.57%
• 5 years: -24.54%
• 10 years: -20.91%

About: Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2023, 48% of Magna's $42.8 billion of revenue came from North America while Europe accounted for approximately 38% and Asia the remainder. The firm's top six customers constituted 76% of revenue with the top three being GM, Mercedes, and BMW. GM was the largest contributor at 14%. The company was founded in 1957, has over 179,000 employees, and is based in Aurora, Ontario.

Employees: 177,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

57% more call options, than puts

Call options by funds: $84.4M | Put options by funds: $53.8M

34% more repeat investments, than reductions

Existing positions increased: 157 | Existing positions reduced: 117

3% less capital invested

Capital invested by funds: $8.71B [Q2] → $8.47B (-$240M) [Q3]

1.1% less ownership

Funds ownership: 69.39% [Q2] → 68.29% (-1.1%) [Q3]

3% less funds holding

Funds holding: 385 [Q2] → 373 (-12) [Q3]

17% less funds holding in top 10

Funds holding in top 10: 6 [Q2] → 5 (-1) [Q3]

24% less first-time investments, than exits

New positions opened: 38 | Existing positions closed: 50

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $41 3% downside
• Avg. target: $44 5% upside
• High target: $52 23% upside

6 analyst ratings

• positive: 0 0%
• neutral: 5 83%
• negative: 1 17%

Wells Fargo Colin Langan 24% 1-year accuracy 8 / 33 met price target	4% upside $44	Equal-Weight Maintained	16 Dec 2024
Goldman Sachs Mark Delaney 58% 1-year accuracy 18 / 31 met price target	3% downside $41	Sell Downgraded	11 Dec 2024
UBS Joseph Spak 27% 1-year accuracy 3 / 11 met price target	7% upside $45	Neutral Maintained	4 Nov 2024
Scotiabank Jonathan Goldman 0 / 0 met price target	23% upside $52	Sector Perform Maintained	4 Nov 2024
RBC Capital Tom Narayan 67% 1-year accuracy 18 / 27 met price target	3% downside $41	Sector Perform Maintained	4 Nov 2024