Magna International (NYSE:MGA) Upgraded at Veritas

Key Points

• Analysts at Veritas upgraded Magna to a strong‑buy, but the overall broker consensus remains a Hold with a $63.25 consensus price target.
• Magna beat Q1 EPS expectations ($1.38 vs. $1.01) with revenue roughly in line and set FY2026 guidance of 6.25–7.25 EPS, yet the stock dropped as investors reacted to cautious management commentary.
• Analyst opinions are mixed — there is one Strong Buy, seven Buys, eleven Holds and one Sell — and price targets vary widely (e.g., TD $76 vs. Goldman $52), reflecting divergent views on the company's outlook.

Magna International (NYSE:MGA - Get Free Report) TSE: MG was upgraded by analysts at Veritas to a "strong-buy" rating in a report released on Monday,Zacks.com reports.

MGA has been the subject of several other research reports. Bank of America began coverage on shares of Magna International in a research report on Wednesday, March 4th. They issued a "buy" rating for the company. The Goldman Sachs Group dropped their target price on shares of Magna International from $60.00 to $52.00 and set a "sell" rating for the company in a research report on Tuesday, April 14th. TD boosted their target price on shares of Magna International from $75.00 to $76.00 and gave the stock a "buy" rating in a research report on Monday. Citigroup boosted their target price on shares of Magna International from $55.00 to $58.00 and gave the stock a "neutral" rating in a research report on Monday, March 23rd. Finally, Wells Fargo & Company dropped their target price on shares of Magna International from $69.00 to $59.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Magna International presently has a consensus rating of "Hold" and a consensus price target of $63.25.

Magna International Stock Performance

Shares of MGA stock opened at $59.50 on Monday. The company's fifty day moving average price is $58.59 and its two-hundred day moving average price is $54.39. The firm has a market capitalization of $16.32 billion, a P/E ratio of 24.90 and a beta of 1.44. Magna International has a 12 month low of $32.54 and a 12 month high of $69.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.87.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last released its earnings results on Friday, May 1st. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.37. The company had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.14 billion. Magna International had a net margin of 1.60% and a return on equity of 13.85%. The company's revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 EPS. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. On average, research analysts anticipate that Magna International will post 6.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Magna International

A number of institutional investors have recently modified their holdings of MGA. Community Bank N.A. acquired a new position in Magna International during the 3rd quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its stake in Magna International by 35.7% during the 4th 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 period. IFC & Insurance Marketing Inc. acquired a new position in Magna International during the 4th quarter valued at about $49,000. Atlas Capital Advisors Inc. acquired a new position in Magna International during the 4th quarter valued at about $67,000. Finally, Danske Bank A S acquired a new position in Magna International during the 3rd quarter valued at about $112,000. Institutional investors own 67.49% of the company's stock.

Magna International News Roundup

Here are the key news stories impacting Magna International this week:

• Positive Sentiment: Q1 beat and margin/cash‑flow strength — Magna posted better‑than‑expected first‑quarter earnings and highlighted strong margins and cash flow, supporting the case for higher full‑year profitability. Zacks: Magna Beats Q1
• Positive Sentiment: Analyst upgrade / higher price target — TD raised its price target from $75 to $76 and kept a "buy" rating, signaling upside from current levels based on the firm's view of Magna's earnings trajectory. BayStreet.CA
• Positive Sentiment: Sector/growth narrative — Coverage highlighting Magna's momentum in auto supply and its growth opportunities may support longer‑term investor interest. Kalkine Media
• Neutral Sentiment: 2026 annual meeting results — Shareholders (79.21% represented) approved the items on the agenda; standard governance outcome with no material surprises. GlobeNewswire
• Neutral Sentiment: Consensus ratings remain mixed — Brokerages' average rating sits at "Hold," reflecting a range of views despite the quarter's beat. American Banking News
• Negative Sentiment: Market punished stock after earnings — Despite the clean Q1 beat, the share price fell as investors reacted to management's full‑year outlook (or lack of an upward revision) and cautious commentary; one report notes the stock dropped sharply on the news. 247WallStreet: Stock Craters

Magna International Company Profile

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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