Magna International (NYSE:MGA) Upgraded at Scotiabank

Key Points

• Scotiabank upgraded Magna International from "sector perform" to "sector outperform" and set a $72 price target, implying roughly a 13.8% upside from current levels.
• Magna beat Q results with $2.18 EPS (vs. $1.81 expected) and $10.74B revenue, and issued FY2026 guidance of $6.25–$7.25 EPS.
• Analyst views are mixed — MarketBeat's consensus is a "Hold" with a $62.40 target, while individual ratings range from Strong Buy to Sell; shares recently traded around $63.26 (market cap ~$17.35B, PE ~21.4).

Magna International (NYSE:MGA - Get Free Report) TSE: MG was upgraded by analysts at Scotiabank from a "sector perform" rating to a "sector outperform" rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm presently has a $72.00 price target on the stock. Scotiabank's price objective points to a potential upside of 13.81% from the stock's current price.

Several other research analysts also recently commented on MGA. Morgan Stanley raised their price objective on shares of Magna International from $54.00 to $65.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 18th. Zacks Research upgraded shares of Magna International from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 5th. Wells Fargo & Company lowered their price objective on shares of Magna International from $69.00 to $59.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 31st. The Goldman Sachs Group decreased their target price on shares of Magna International from $60.00 to $52.00 and set a "sell" rating on the stock in a research report on Tuesday, April 14th. Finally, Bank of America initiated coverage on shares of Magna International in a research report on Wednesday, March 4th. They issued a "buy" rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $62.40.

Magna International Stock Up 1.7%

Shares of MGA traded up $1.06 on Friday, reaching $63.26. The company's stock had a trading volume of 287,769 shares, compared to its average volume of 1,851,803. Magna International has a twelve month low of $32.54 and a twelve month high of $69.94. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average of $59.08 and a 200-day moving average of $53.68. The stock has a market capitalization of $17.35 billion, a PE ratio of 21.43 and a beta of 1.44.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last issued its quarterly earnings data on Friday, February 13th. The company reported $2.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.81 by $0.37. Magna International had a net margin of 1.99% and a return on equity of 12.73%. The business had revenue of $10.74 billion during the quarter, compared to the consensus estimate of $10.54 billion. During the same period in the prior year, the firm posted $1.69 EPS. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Equities analysts predict that Magna International will post 6.82 EPS for the current year.

Institutional Investors Weigh In On Magna International

Several hedge funds have recently bought and sold shares of MGA. Community Bank N.A. bought a new stake in Magna International during the third quarter worth about $29,000. EverSource Wealth Advisors LLC raised its holdings in shares of Magna International by 35.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company's stock valued at $42,000 after purchasing an additional 205 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new position in shares of Magna International during the fourth quarter valued at approximately $49,000. Atlas Capital Advisors Inc. purchased a new stake in Magna International during the fourth quarter valued at approximately $67,000. Finally, Danske Bank A S purchased a new stake in Magna International during the third quarter valued at approximately $112,000. Institutional investors own 67.49% of the company's stock.

About Magna International

Magna International Inc is a leading global automotive supplier specializing in the design, engineering, and manufacturing of vehicle systems, assemblies, modules, and components. Headquartered in Aurora, Ontario, the company partners with major original equipment manufacturers (OEMs) to develop technologies and solutions that enhance vehicle performance, safety, comfort, and fuel efficiency. Magna's broad portfolio encompasses body exteriors and structures, powertrain systems, seating and interiors, roof systems, mirror systems, and advanced driver assistance systems (ADAS).

The company operates more than 350 manufacturing and assembly facilities and over 100 innovation centers across 27 countries, serving customers in North America, Europe, Asia, South America, and Africa.

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