PID's Underlying Holdings Imply 16% Gain Potential
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 17 2025
0mins
Source: NASDAQ.COM
ETF Analyst Target Prices: The Invesco International Dividend Achievers ETF (PID) has an implied analyst target price of $22.16 per unit, indicating a potential upside of 15.81% from its current trading price of $19.13.
Notable Holdings with Upside Potential: Key underlying holdings such as Infosys Ltd., Magna International Inc., and Canadian Imperial Bank Of Commerce show significant upside potential, with expected increases of 29.43%, 27.56%, and 23.22% respectively, compared to their recent prices.
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Analyst Views on MGA
Wall Street analysts forecast MGA stock price to fall
11 Analyst Rating
3 Buy
8 Hold
0 Sell
Moderate Buy
Current: 63.070
Low
48.00
Averages
52.80
High
58.00
Current: 63.070
Low
48.00
Averages
52.80
High
58.00
About MGA
Magna International Inc. is a Canada-based mobility technology company. The Company is a supplier of automotive space, specializing in body and chassis, all-wheel drive/front-wheel-drive, transmissions, latches, mirrors and contract vehicle assembly. Its segments include Body Exteriors & Structures, Power & Vision, Seating Systems and Complete Vehicles. Its products include Complete Vehicles, Body & Chassis, Electrical/Electronic, Exterior/Interior and Powertrain. Its Body & Chassis includes battery enclosures and body-in-white solutions. Its Electrical/Electronic includes advanced driver assistance systems and automated driving. Its Electrical/Electronic includes seating, mirrors, lighting, mechatronics. Its Powertrain includes hybrid powertrain, modules and components. Its Complete Vehicles include complete vehicle engineering. Its global network includes approximately 341 manufacturing operations and 106 product development, engineering and sales centers spanning 28 countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
U.S. June Nonfarm Payrolls Growth Misses Expectations
- Slower Job Growth: U.S. nonfarm payrolls increased by 57K in June, significantly below the 114K consensus estimate and down from 129K in May, indicating a potential slowdown in economic recovery that could dampen market confidence.
- Unexpected Unemployment Rate Drop: The unemployment rate fell to 4.2% from 4.3%, yet the labor force participation rate slipped to 61.5%, below the expected 61.8%, suggesting that some workers have stopped seeking employment, reflecting underlying weaknesses in the labor market.
- Stable Wage Growth: Average hourly earnings rose by 0.3% month-over-month in June, aligning with expectations, while year-over-year growth remained at 3.5%, indicating stable wage growth but failing to significantly boost the job market.
- Divergent Sector Performance: The professional and business services sector added 36K jobs, and social assistance increased by 25K, while leisure and hospitality lost 61K jobs, reflecting weaker-than-usual seasonal hiring and potentially leading to increased unemployment in that sector going forward.
See More
Magna International Announces Q2 2026 Results Webcast Date
- Earnings Release Schedule: Magna International has announced that it will host a webcast for its Q2 2026 results on July 31, 2026, at 8:00 AM ET, aimed at providing investors with the latest financial performance and business updates.
- Dial-In Information: Investors can participate in the conference call by dialing 1-800-715-9871 (toll-free) or 1-646-307-1963 (toll), with Conference ID 9829976, ensuring easy access to important information for stakeholders.
- Replay Information: A replay of the call will be available two hours after the conclusion until August 7, 2026, allowing investors who cannot attend live to access the information by calling 1-800-770-2030 (toll-free) or 1-609-800-9909 (toll).
- Company Background: Magna International is one of the world's largest automotive suppliers, with nearly seven decades of experience, providing trusted partnerships to automakers in critical markets such as North America, Europe, and China, showcasing strong manufacturing capabilities and innovative vehicle systems.
See More
Magna International Announces 2026 Shareholder Meeting Voting Results
- Shareholder Participation Rate: At the 2026 annual meeting, 218,968,145 common shares, representing 79.21% of the issued shares, were voted either in person or by proxy, indicating strong shareholder engagement and interest in corporate governance.
- Director Election Results: All 12 nominated directors received over 96% support, with CEO Seetarama S. Kotagiri achieving 99.64% approval, reflecting shareholder confidence in management and enhancing the stability of the company's governance structure.
- Auditor Reappointment: Deloitte was reappointed as independent auditor with 98.57% support, which not only ensures financial transparency but also boosts investor confidence in the company's financial reporting.
- Committee Chair Appointments: The Board confirmed Robert F. MacLellan as Chair, while Mary Lou Maher and Hon. V. Peter Harder were appointed as Audit and Governance Committee Chairs, respectively, demonstrating ongoing stability and professional management within the leadership team.
See More
Magna International Reports Q1 Loss Amid Asset Sale
- Q1 Financial Performance: Magna International reported a net loss of $12 million in Q1, translating to a loss of $0.04 per share, contrasting sharply with last year's profit of $146 million or $0.52 per share, primarily due to significant losses related to asset sales.
- Sales Growth: Despite a 7% decline in global light vehicle production, the company achieved a 3% increase in sales, reaching $10.38 billion compared to $10.07 billion last year, indicating resilience in its market position.
- Adjusted Earnings Outlook: For fiscal 2026, Magna projects adjusted earnings per share between $6.25 and $7.25, with an adjusted EBIT margin expected to range from 6.0% to 6.6%, reflecting confidence in future profitability.
- Impact of Asset Losses: The latest results included a $485 million loss on assets related to the Lighting and Rooftop Systems businesses, although adjusted EBIT rose 58% to $558 million, with the adjusted EBIT margin expanding by 190 basis points to 5.4%, indicating operational improvements amidst financial challenges.
See More
Magna International Reports Strong Q1 2026 Results
- Significant Sales Growth: In Q1 2026, Magna International reported sales of $10.4 billion, a 3% increase year-over-year, despite a 7% decline in global light vehicle production, demonstrating the company's resilience and enhancing market confidence.
- Adjusted EBIT Surge: Adjusted EBIT rose from $354 million in 2025 to $558 million, a 58% increase, with an EBIT margin expanding to 5.4%, reflecting successful operational efficiency and cost control, further solidifying profitability.
- Continued Shareholder Returns: The company returned $575 million to shareholders in Q1 through share repurchases and dividends, showcasing strong cash flow and commitment to investors, thereby boosting investor trust.
- Stable Outlook: Despite global economic challenges, Magna maintains its 2026 outlook unchanged, expecting sales between $41.5 billion and $43.1 billion, indicating confidence in future growth and a clear strategic direction.
See More
Magna International Q1 Earnings Beat Expectations
- Earnings Surprise: Magna International reported a Q1 non-GAAP EPS of $1.38, exceeding expectations by $0.37, indicating a strong improvement in profitability that is likely to positively impact stock performance.
- Revenue Growth: The company achieved revenues of $10.4 billion in Q1, reflecting a 3.0% year-over-year increase and surpassing analyst expectations by $130 million, demonstrating sustained competitiveness in the market.
- 2026 Outlook Update: Magna revised its total sales outlook for 2026 to between $41.5 billion and $43.1 billion, reflecting optimism about future market demand, with upward adjustments in sales expectations across all business segments indicating healthy overall business development.
- Adjusted EBIT Margin: The adjusted EBIT margin remains stable at 6.0% to 6.6%, showcasing the company's ongoing efforts in cost control and operational efficiency, which helps to bolster investor confidence and support future growth.
See More
U.S. June Nonfarm Payrolls Growth Misses Expectations
- Slower Job Growth: U.S. nonfarm payrolls increased by 57K in June, significantly below the 114K consensus estimate and down from 129K in May, indicating a potential slowdown in economic recovery that could dampen market confidence.
- Unexpected Unemployment Rate Drop: The unemployment rate fell to 4.2% from 4.3%, yet the labor force participation rate slipped to 61.5%, below the expected 61.8%, suggesting that some workers have stopped seeking employment, reflecting underlying weaknesses in the labor market.
- Stable Wage Growth: Average hourly earnings rose by 0.3% month-over-month in June, aligning with expectations, while year-over-year growth remained at 3.5%, indicating stable wage growth but failing to significantly boost the job market.
- Divergent Sector Performance: The professional and business services sector added 36K jobs, and social assistance increased by 25K, while leisure and hospitality lost 61K jobs, reflecting weaker-than-usual seasonal hiring and potentially leading to increased unemployment in that sector going forward.
See More
Magna International Announces Q2 2026 Results Webcast Date
- Earnings Release Schedule: Magna International has announced that it will host a webcast for its Q2 2026 results on July 31, 2026, at 8:00 AM ET, aimed at providing investors with the latest financial performance and business updates.
- Dial-In Information: Investors can participate in the conference call by dialing 1-800-715-9871 (toll-free) or 1-646-307-1963 (toll), with Conference ID 9829976, ensuring easy access to important information for stakeholders.
- Replay Information: A replay of the call will be available two hours after the conclusion until August 7, 2026, allowing investors who cannot attend live to access the information by calling 1-800-770-2030 (toll-free) or 1-609-800-9909 (toll).
- Company Background: Magna International is one of the world's largest automotive suppliers, with nearly seven decades of experience, providing trusted partnerships to automakers in critical markets such as North America, Europe, and China, showcasing strong manufacturing capabilities and innovative vehicle systems.
See More
Magna International Announces 2026 Shareholder Meeting Voting Results
- Shareholder Participation Rate: At the 2026 annual meeting, 218,968,145 common shares, representing 79.21% of the issued shares, were voted either in person or by proxy, indicating strong shareholder engagement and interest in corporate governance.
- Director Election Results: All 12 nominated directors received over 96% support, with CEO Seetarama S. Kotagiri achieving 99.64% approval, reflecting shareholder confidence in management and enhancing the stability of the company's governance structure.
- Auditor Reappointment: Deloitte was reappointed as independent auditor with 98.57% support, which not only ensures financial transparency but also boosts investor confidence in the company's financial reporting.
- Committee Chair Appointments: The Board confirmed Robert F. MacLellan as Chair, while Mary Lou Maher and Hon. V. Peter Harder were appointed as Audit and Governance Committee Chairs, respectively, demonstrating ongoing stability and professional management within the leadership team.
See More
Magna International Reports Q1 Loss Amid Asset Sale
- Q1 Financial Performance: Magna International reported a net loss of $12 million in Q1, translating to a loss of $0.04 per share, contrasting sharply with last year's profit of $146 million or $0.52 per share, primarily due to significant losses related to asset sales.
- Sales Growth: Despite a 7% decline in global light vehicle production, the company achieved a 3% increase in sales, reaching $10.38 billion compared to $10.07 billion last year, indicating resilience in its market position.
- Adjusted Earnings Outlook: For fiscal 2026, Magna projects adjusted earnings per share between $6.25 and $7.25, with an adjusted EBIT margin expected to range from 6.0% to 6.6%, reflecting confidence in future profitability.
- Impact of Asset Losses: The latest results included a $485 million loss on assets related to the Lighting and Rooftop Systems businesses, although adjusted EBIT rose 58% to $558 million, with the adjusted EBIT margin expanding by 190 basis points to 5.4%, indicating operational improvements amidst financial challenges.
See More
Magna International Reports Strong Q1 2026 Results
- Significant Sales Growth: In Q1 2026, Magna International reported sales of $10.4 billion, a 3% increase year-over-year, despite a 7% decline in global light vehicle production, demonstrating the company's resilience and enhancing market confidence.
- Adjusted EBIT Surge: Adjusted EBIT rose from $354 million in 2025 to $558 million, a 58% increase, with an EBIT margin expanding to 5.4%, reflecting successful operational efficiency and cost control, further solidifying profitability.
- Continued Shareholder Returns: The company returned $575 million to shareholders in Q1 through share repurchases and dividends, showcasing strong cash flow and commitment to investors, thereby boosting investor trust.
- Stable Outlook: Despite global economic challenges, Magna maintains its 2026 outlook unchanged, expecting sales between $41.5 billion and $43.1 billion, indicating confidence in future growth and a clear strategic direction.
See More
Magna International Q1 Earnings Beat Expectations
- Earnings Surprise: Magna International reported a Q1 non-GAAP EPS of $1.38, exceeding expectations by $0.37, indicating a strong improvement in profitability that is likely to positively impact stock performance.
- Revenue Growth: The company achieved revenues of $10.4 billion in Q1, reflecting a 3.0% year-over-year increase and surpassing analyst expectations by $130 million, demonstrating sustained competitiveness in the market.
- 2026 Outlook Update: Magna revised its total sales outlook for 2026 to between $41.5 billion and $43.1 billion, reflecting optimism about future market demand, with upward adjustments in sales expectations across all business segments indicating healthy overall business development.
- Adjusted EBIT Margin: The adjusted EBIT margin remains stable at 6.0% to 6.6%, showcasing the company's ongoing efforts in cost control and operational efficiency, which helps to bolster investor confidence and support future growth.
See More
