Magna International (NYSE:MGA) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded Magna International from a "hold" to a strong-buy, joining several brokers that have recently raised price targets on the stock.
• Magna beat quarterly expectations with $2.18 EPS (vs. $1.81 est.) and $10.74B revenue (vs. $10.54B est.), and set FY2026 guidance of 6.25–7.25 EPS versus a sell-side average forecast of 5.87.
• Despite recent upgrades, the consensus rating remains "Hold" with a target price of $61.73; the stock opened at $58.80 (down 3.4%), has a $16.4B market cap, and a 52-week range of $30.39–$69.94.

Magna International (NYSE:MGA - Get Free Report) TSE: MG was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.

MGA has been the subject of a number of other research reports. Barclays lifted their price target on Magna International from $58.00 to $67.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 17th. Citigroup increased their price objective on shares of Magna International from $49.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, November 14th. Royal Bank Of Canada raised their price target on shares of Magna International from $48.00 to $59.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 17th. Morgan Stanley upped their target price on Magna International from $54.00 to $65.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 18th. Finally, Canadian Imperial Bank of Commerce raised Magna International from a "neutral" rating to an "outperformer" rating and lifted their price objective for the stock from $56.00 to $76.00 in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $61.73.

Magna International Stock Down 3.4%

MGA stock opened at $58.80 on Thursday. The stock has a market capitalization of $16.40 billion, a P/E ratio of 19.93 and a beta of 1.43. The business has a 50-day moving average of $57.61 and a 200-day moving average of $51.24. 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 has a fifty-two week low of $30.39 and a fifty-two week high of $69.94.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last released its quarterly earnings results on Friday, February 13th. The company reported $2.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.81 by $0.37. Magna International had a return on equity of 12.73% and a net margin of 1.99%.The firm had revenue of $10.74 billion during the quarter, compared to the consensus estimate of $10.54 billion. During the same quarter in the prior year, the firm posted $1.69 EPS. The business's revenue was up 2.1% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. On average, sell-side analysts anticipate that Magna International will post 5.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Magna International

Several institutional investors have recently bought and sold shares of MGA. DGS Capital Management LLC grew its stake in shares of Magna International by 18.5% during the 4th quarter. DGS Capital Management LLC now owns 44,101 shares of the company's stock worth $2,351,000 after acquiring an additional 6,884 shares during the period. State of Tennessee Department of Treasury lifted its stake in Magna International by 0.6% during the fourth quarter. State of Tennessee Department of Treasury now owns 157,482 shares of the company's stock worth $8,095,000 after purchasing an additional 937 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Magna International by 7.8% during the fourth quarter. Russell Investments Group Ltd. now owns 2,090,887 shares of the company's stock worth $111,549,000 after acquiring an additional 151,819 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in Magna International during the 4th quarter valued at about $67,000. Finally, Arkadios Wealth Advisors raised its holdings in Magna International by 7.3% during the 4th quarter. Arkadios Wealth Advisors now owns 4,767 shares of the company's stock valued at $254,000 after buying an additional 324 shares during the last quarter. Hedge funds and other 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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