Magna International (NYSE:MGA) Stock Rating Upgraded by CIBC

Magna International (NYSE:MGA) (TSE:MG) was upgraded by analysts at CIBC from a “neutral” rating to an “outperformer” rating in a report issued on Wednesday,Benzinga reports. The firm currently has a $76.00 price objective on the stock, up from their prior price objective of $56.00. CIBC’s target price suggests a potential upside of 15.62% from the company’s previous close.

MGA has been the topic of several other research reports. BMO Capital Markets raised their target price on shares of Magna International from $49.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. 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 report on Monday, November 24th. Canadian Imperial Bank of Commerce raised shares of Magna International from a “hold” rating to a “strong-buy” rating in a report on Wednesday. The Goldman Sachs Group upped their target price on shares of Magna International from $49.00 to $60.00 and gave the company a “sell” rating in a research report on Tuesday. Finally, Raymond James Financial increased their price target on Magna International from $50.00 to $75.00 and gave the company a “market perform” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $61.38.

Magna International Trading Down 1.4%

Shares of NYSE MGA traded down $0.94 during midday trading on Wednesday, hitting $65.73. The stock had a trading volume of 626,840 shares, compared to its average volume of 2,056,029. The firm has a market cap of $18.33 billion, a P/E ratio of 22.26 and a beta of 1.50. Magna International has a fifty-two week low of $30.39 and a fifty-two week 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 0.83. The company’s 50-day simple moving average is $55.56 and its 200 day simple moving average is $49.73.

Magna International (NYSE:MGA) (TSE:MG) last issued its quarterly earnings results 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. The business had revenue of $10.74 billion for the quarter, compared to analyst estimates of $10.54 billion. Magna International had a return on equity of 12.73% and a net margin of 1.99%.The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.69 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Research analysts anticipate that Magna International will post 5.87 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC raised its position in shares of Magna International by 19.8% during the first quarter. Integrated Wealth Concepts LLC now owns 6,808 shares of the company’s stock worth $231,000 after purchasing an additional 1,123 shares during the period. ARGA Investment Management LP grew its position in shares of Magna International by 3.9% in the 2nd quarter. ARGA Investment Management LP now owns 3,114,386 shares of the company’s stock valued at $120,366,000 after purchasing an additional 116,529 shares during the period. QV Investors Inc. grew its position in shares of Magna International by 0.6% in the 2nd quarter. QV Investors Inc. now owns 651,377 shares of the company’s stock valued at $25,129,000 after purchasing an additional 3,912 shares during the period. Bank of New York Mellon Corp increased its stake in Magna International by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 254,557 shares of the company’s stock worth $9,828,000 after purchasing an additional 2,057 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Magna International by 20.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,015,407 shares of the company’s stock worth $77,332,000 after buying an additional 338,470 shares during the period. 67.49% of the stock is owned by institutional investors and hedge funds.

Key Magna International News

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

• Positive Sentiment: CIBC upgraded MGA from Hold to Strong-Buy, adding near‑term buying pressure by signaling improved conviction in Magna’s outlook and execution. Read More.
• Positive Sentiment: Raymond James raised its price target to $75, a clear bullish endorsement that could support higher share valuations if investors follow the firm’s view. Read More.
• Positive Sentiment: Barclays increased its price target to $67, reinforcing analyst momentum lifting consensus targets and giving further near‑term upside support. Read More.
• Positive Sentiment: Goldman Sachs analysts publicly flagged expectations that MGA’s stock should rise, a headline that tends to attract investor attention and buying interest. Read More.
• Positive Sentiment: An American Banking News item highlighted a Morgan Stanley analyst expecting the stock to rise, adding to the positive narrative from institutional research. Read More.
• Neutral Sentiment: Morgan Stanley did raise its price target from $54 to $65 but maintained an “equal weight” rating (the firm’s note implied only modest upside/downside), which tempers the bullish headlines. Read More.
• Neutral Sentiment: Brokerages’ consensus on Magna remains around “hold” on average, so despite several upgrades there is still broad caution among analysts that may limit sustained buying. Read More.
• Negative Sentiment: Royal Bank of Canada raised its target to $59, but that level is still below the current market price — a signal that at least some desks see limited upside, which can pressure the stock if investors focus on the lower target. Read More.

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.