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How to Buy Magna International Stock

Magna International Inc

Magna International is a auto part company located in Ontario, Canada, which is part of the Consumer Cyclical sector, and is traded under the ticker MGA on the NYSE exchange.

Magna International stock last closed at $54.48, down 0.11% from the previous day, and has increased 6.95% in one year. It has overperformed other stocks in the Auto Parts industry by 0.1 percentage points. Magna International stock is currently +16.63% from its 52-week low of $46.71, and -16.53% from its 52-week high of $65.27.

There are currently 286.55M shares of MGA outstanding. The market capitalization of MGA is $15.61B. In the last 24 hours, 863,301 MGA shares were traded.

How to Buy Magna International Stock

Wondering how to invest in Magna International stock? Here's how.
  1. Decide where to buy Magna International stock: You need to choose an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy Magna International stock.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Pick your payment method and add your details.
  4. Research Magna International stock: The Magna International ticker symbol is MGA. Is Magna International stock a good investment? Should you buy shares of MGA? How do MGA's underlying business fundamentals look? Do top analysts think Magna International is a good buy? Why has MGA's stock price moved recently? (Hint: Our stock market research website can help you evaluate if MGA is a good stock to buy).
  5. Place your MGA trade: Decide if you will purchase MGA shares at the current market price or use a limit order to buy MGA shares at a particular price.
  6. Monitor your investment in MGA: Create a watchlist to watch your position in Magna International shares.

Step 1: Decide where to buy Magna International stock

You will need an online brokerage account in order to access the NYSE market and buy MGA stock.

A brokerage account is an investment account that enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've picked the best brokerage, you'll need to fill out some personal details so you are able to buy MGA stock today.

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Step 3: Fund your brokerage account

Now that you have created your account on a investment app, your next step is to transfer the money for your investment:

Watch the walkthrough below to see the process of depositing money into your brokerage account.

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Step 4: Research Magna International stock

Once you have selected the best place to buy Magna International stock, it's crucial to evaluate their stock before you buy, so you can wrap your head around the risk and upside.

Magna International Numbers

MGA Price
$54.48
1w %
-2.47%
1y %
6.95%
5y %
12.1%
P/E
12.85x
P/B
1.31x
P/S
0.36x
PEG
0.16x
Revenue
$42.80B
Earnings
$1.21B
Fore. Rev. Growth
4.04%
Fore. Earn. Growth
89.71%
Market Cap
$15.61B
Next Earnings
May 3, 2024
Next Dividend
N/A

MGA Fundamentals

WallStreetZen was built to help average investors do better fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on MGA's stock page.

Is MGA stock overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge MGA's true value.

Using relative valuations metrics:

  • MGA could be undervalued based on its P/E ratio of 12.85x, relative to Auto Parts industry P/E ratio of -160.15x
  • MGA could be undervalued based on its P/B ratio of 1.31x, relative to Auto Parts industry P/B ratio of 1.97x
  • MGA may be undervalued based on its PEG ratio of 0.16x

You can access more valuation analysis on MGA's stock here.

MGA Financials at a glance

Passed Health Checks:

  • MGA earnings of $1.69B is not enough to cover its interest payments.
  • MGA's operating cash flow of $3.15B allows it to safely service it's debt of $7.22B.
  • There are more short-term assets than long-term liabilities on the MGA balance sheet.
  • MGA profit margin has gone up from 1.6% to 2.8% in the past year.
  • There are more short-term assets than short-term liabilities on the MGA balance sheet.

Failed Health Checks:

  • Total MGA debt is higher than 5 years ago, relative to shareholder equity.
  • MGA has a relatively high debt to equity ratio of 1.68.

Is MGA stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 7 Wall Street analysts who monitor MGA, the consensus analyst rating on Magna International is a Hold

Please note that analyst forecasts are not recommendations, nor are they investment advice.

Latest MGA Analyst Recommendations

Itay Michaeli, a bottom 1% analyst from Citigroup maintains MGA with a hold rating and lowers their MGA price target from $61.00 to $58.00, on Oct 11, 2023.

Joseph Spak, a bottom 1% analyst from UBS maintains MGA with a hold rating and lowers their MGA price target from $63.00 to $58.00, on Oct 10, 2023.

Colin Langan, a bottom 2% analyst from Wells Fargo maintains MGA with a hold rating and lowers their MGA price target from $66.00 to $59.00, on Oct 3, 2023.

You can dig deeper into what analysts are saying on the Magna International stock forecast page.

MGA Technical Indicators

SMA10
53.94
SMA20
53.94
SMA50
54.94
SMA100
55.31
SMA200
55.76
MACD
-0.17
MACD Signal
-0.33
MACD Histogram
0.16
RSI
51.04
Stochastic %K
53.95
Stochastic %D
49.95
StochRSI %K
61.72
StochRSI %D
57.64

MGA Performance Numbers

Last year, MGA earnings were $1.21B. During the last five year, MGA's earnings have grown by -8.61% per year. This was slower than the Auto Parts industry average of 4.53%.

Last year, MGA revenue was $42.80B. During the past five year, MGA's revenue has grown by 0.95% per year. This was slower than the Auto Parts industry average of 10.73%.

Dive into MGA's earnings and revenue performance here.

Latest Insiders Trades at MGA

In the past year, executives and large shareholders at MGA have not bought or sold any shares.

Dig into more about who owns MGA shares here.

Can I get consistent income from MGA stock?

Magna International pays a dividend of 3.4%, compared to the Auto Parts industry's average dividend yield of 2.48%. If you owned $1,000 of MGA stock, you would have received $34.05 last year.

Magna International dividend payments have consistently grown over the past decade and have remained stable.

Dig into more data about Magna International dividend yield and history here.

What do other traders have to say about MGA?

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Step 5: Place your MGA trade

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are mostly fine for most investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a specific price, use a limit order.

Hit the Open button and your broker will execute the order.

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Step 6: Monitor your investment in MGA

Now that you own some MGA stock, you'll want to keep up with your stock purchase.

Create a watchlist to keep tabs on your MGA stock.

MGA Feed

How to Buy Stock in Magna International

To summarize, here are the 6 steps to buy stock in Magna International:

  1. Decide where to buy Magna International stock
  2. Create a brokerage account
  3. Fund your brokerage account
  4. Research Magna International stock
  5. Place your MGA trade
  6. Monitor your investment in MGA

If you are looking for a brokerage, eToro is our recommended venue.

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If you would like to get the latest scoop on your investment in Magna International, click the button below.

NYSE: MGA
$54.48-0.06 (-0.11%)
Updated Mar 28, 2024
Open eToro Account
NYSE: MGA
$54.48-0.06 (-0.11%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Magna International share?

As of Mar 28, 2024, it costs $54.48 to buy one share of Magna International stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.184 shares of MGA.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Magna International stock?

According to 7 Wall Street analysts who monitor Magna International, their consensus recommendation is to hold Magna International stock.

What is the best way to buy Magna International stock?

One way to place an order for Magna International stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.