Royal Bank Of Canada Issues Pessimistic Forecast for Magna International (NYSE:MGA) Stock Price

Key Points

• Royal Bank of Canada lowered its price target on Magna to $57 from $59 and maintained a "sector perform" rating, implying only about a 0.47% downside from the prior close.
• Analyst opinions are mixed — one Strong Buy, five Buys, twelve Holds and one Sell — resulting in an average rating of "Hold" and an average target price of $61.80.
• Fundamentals: Magna beat quarterly EPS ($2.18 vs. $1.81 expected), set FY2026 guidance of 6.25–7.25 EPS, and its shares trade around $57 with a 52-week range of $31.47–$69.94.

Magna International (NYSE:MGA - Get Free Report) TSE: MG had its price objective lowered by research analysts at Royal Bank Of Canada from $59.00 to $57.00 in a research report issued on Monday,MarketScreener reports. The brokerage presently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective points to a potential downside of 0.47% from the stock's previous close.

Several other analysts have also recently issued reports on MGA. Barclays lowered their price objective on shares of Magna International from $67.00 to $66.00 and set an "equal weight" rating for the company in a research note on Monday, March 30th. Wall Street Zen raised shares of Magna International from a "buy" rating to a "strong-buy" rating in a research report on Monday, January 19th. Scotiabank upped their price target on shares of Magna International from $57.00 to $69.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 17th. Morgan Stanley upped their price objective on shares of Magna International from $54.00 to $65.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 18th. Finally, TD Securities upped their target price on shares of Magna International from $58.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, February 17th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Magna International has an average rating of "Hold" and an average target price of $61.80.

Magna International Stock Down 0.9%

Shares of NYSE MGA opened at $57.27 on Monday. Magna International has a 52-week low of $31.47 and a 52-week high of $69.94. The firm has a fifty day moving average of $58.12 and a 200-day moving average of $52.99. The stock has a market capitalization of $15.71 billion, a PE ratio of 19.41 and a beta of 1.44. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 0.36.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last announced its quarterly earnings data on Friday, February 13th. The company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.37. Magna International had a net margin of 1.99% and a return on equity of 12.73%. The company had revenue of $10.74 billion during the quarter, compared to analysts' expectations of $10.54 billion. During the same period in the previous year, the company earned $1.69 EPS. The business'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. On average, analysts anticipate that Magna International will post 5.87 EPS for the current year.

Institutional Investors Weigh In On Magna International

Several large investors have recently made changes to their positions in MGA. Integrated Wealth Concepts LLC increased its stake in shares of Magna International by 19.8% in the first quarter. Integrated Wealth Concepts LLC now owns 6,808 shares of the company's stock valued at $231,000 after purchasing an additional 1,123 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Magna International by 14.2% in the second quarter. Ameriprise Financial Inc. now owns 56,868 shares of the company's stock valued at $2,196,000 after purchasing an additional 7,073 shares during the period. Steph & Co. increased its stake in shares of Magna International by 51.6% in the third quarter. Steph & Co. now owns 6,578 shares of the company's stock valued at $312,000 after purchasing an additional 2,240 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Magna International by 98.4% in the third quarter. Farther Finance Advisors LLC now owns 2,839 shares of the company's stock valued at $134,000 after purchasing an additional 1,408 shares during the period. Finally, JARISLOWSKY FRASER Ltd increased its stake in shares of Magna International by 21.0% in the third quarter. JARISLOWSKY FRASER Ltd now owns 20,686 shares of the company's stock valued at $980,000 after purchasing an additional 3,596 shares during the period. Institutional investors and hedge funds own 67.49% of the company's stock.

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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