The Goldman Sachs Group Issues Pessimistic Forecast for Magna International (NYSE:MGA) Stock Price

Key Points

• Goldman Sachs cut its price target on Magna International from $60 to $52 and assigned a "sell" rating, implying about a 9.9% downside from the current share price.
• Analyst views are mixed—one Strong Buy, five Buy, twelve Hold and one Sell—leaving an average consensus rating of "Hold" and an average target price of $61.33.
• Despite the bearish target, Magna recently beat quarterly EPS estimates ($2.18 vs. $1.81) reported $10.74B in revenue, and set FY2026 guidance of $6.25–$7.25 EPS, while shares traded near $57.69.

Magna International (NYSE:MGA - Get Free Report) TSE: MG had its price objective decreased by analysts at The Goldman Sachs Group from $60.00 to $52.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "sell" rating on the stock. The Goldman Sachs Group's target price would suggest a potential downside of 9.86% from the company's current price.

Several other analysts have also commented on MGA. Raymond James Financial increased their price objective on Magna International from $50.00 to $75.00 and gave the company a "market perform" rating in a report on Tuesday, February 17th. Citigroup increased their price objective on Magna International from $55.00 to $58.00 and gave the company a "neutral" rating in a report on Monday, March 23rd. Zacks Research upgraded Magna International from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 5th. Wells Fargo & Company reduced their target price on Magna International from $69.00 to $59.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 31st. Finally, Scotiabank raised their target price on Magna International from $57.00 to $69.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $61.33.

Magna International Stock Down 1.0%

Shares of MGA traded down $0.57 during midday trading on Tuesday, hitting $57.69. 343,809 shares of the company's stock traded hands, compared to its average volume of 1,887,014. Magna International has a 1 year low of $31.52 and a 1 year high of $69.94. The firm's fifty day moving average is $58.26 and its 200-day moving average is $53.08. 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 stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 19.56 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 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $10.54 billion. During the same quarter in the prior year, the business posted $1.69 EPS. The business's revenue for the quarter 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. As a group, sell-side analysts anticipate that Magna International will post 5.87 earnings per share for the current year.

Hedge Funds Weigh In On Magna International

A number of institutional investors have recently modified their holdings of MGA. Community Bank N.A. purchased a new position in shares of Magna International during the 3rd quarter valued at about $29,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 buying an additional 205 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new position in shares of Magna International during the 4th quarter valued at about $49,000. Atlas Capital Advisors Inc. purchased a new position in shares of Magna International during the 4th quarter valued at about $67,000. Finally, Danske Bank A S purchased a new position in shares of Magna International during the 3rd quarter valued at about $112,000. Hedge funds and other institutional investors 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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