Magna International (NYSE:MGA) Updates FY 2026 Earnings Guidance

Magna International (NYSE:MGA) (TSE:MG) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 6.250-7.250 for the period, compared to the consensus EPS estimate of 5.730. The company issued revenue guidance of $41.9 billion-$43.5 billion, compared to the consensus revenue estimate of $42.0 billion.

Magna International Stock Performance

Shares of MGA opened at $57.73 on Friday. Magna International has a 52-week low of $30.39 and a 52-week high of $58.26. The stock’s 50-day simple moving average is $53.82 and its 200 day simple moving average is $48.83. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 1.18. The stock has a market capitalization of $16.10 billion, a price-to-earnings ratio of 15.77 and a beta of 1.50.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of Magna International from $49.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Evercore increased their price objective on shares of Magna International from $47.00 to $52.00 and gave the company an “in-line” rating in a research report on Monday, November 24th. Citigroup lifted their target price on Magna International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. JPMorgan Chase & Co. raised their price target on Magna International from $53.00 to $57.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Finally, Morgan Stanley boosted their target price on Magna International from $38.00 to $54.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th. Three investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Magna International has a consensus rating of “Hold” and an average target price of $52.80.

Institutional Trading of Magna International

Several hedge funds have recently modified their holdings of MGA. IFC & Insurance Marketing Inc. bought a new position in shares of Magna International during the 4th quarter worth approximately $49,000. Danske Bank A S purchased a new stake in shares of Magna International during the 3rd quarter valued at $112,000. Parallel Advisors LLC boosted its position in shares of Magna International by 22.7% in the 4th quarter. Parallel Advisors LLC now owns 3,024 shares of the company’s stock worth $161,000 after purchasing an additional 560 shares in the last quarter. Syon Capital LLC raised its stake in Magna International by 10.0% in the 4th quarter. Syon Capital LLC now owns 5,939 shares of the company’s stock worth $317,000 after acquiring an additional 540 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in Magna International by 19.8% during the 1st 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 last quarter. 67.49% of the stock is owned by hedge funds and other institutional investors.

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.