Magna International (NYSE:MGA) Given New $69.00 Price Target at Scotiabank

Magna International (NYSE:MGA) (TSE:MG) had its target price hoisted by research analysts at Scotiabank from $57.00 to $69.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 2.47% from the company’s current price.

MGA has been the subject of a number of other research reports. UBS Group boosted their price objective on shares of Magna International from $49.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. BMO Capital Markets increased their price target on Magna International from $49.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Barclays boosted their price objective on Magna International from $58.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday. Wall Street Zen upgraded Magna International from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 19th. Finally, The Goldman Sachs Group upped their price target on shares of Magna International from $49.00 to $60.00 and gave the stock a “sell” rating in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $59.67.

Magna International Stock Down 2.0%

Shares of NYSE:MGA traded down $1.40 during trading on Tuesday, hitting $67.33. The company’s stock had a trading volume of 4,124,560 shares, compared to its average volume of 2,000,707. The company has a market capitalization of $18.78 billion, a PE ratio of 22.80 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 0.38, a quick ratio of 0.83 and a current ratio of 1.18. The stock’s 50-day moving average price is $54.60 and its two-hundred day moving average price is $49.32.

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, topping analysts’ consensus estimates of $1.81 by $0.37. The business had revenue of $10.74 billion during the quarter, compared to analyst estimates of $10.54 billion. Magna International had a net margin of 1.99% and a return on equity of 12.77%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.69 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. As a group, sell-side analysts expect that Magna International will post 5.87 EPS for the current year.

Institutional Trading of Magna International

Several institutional investors and hedge funds have recently bought and sold shares of MGA. ARGA Investment Management LP boosted its holdings in shares of Magna International by 1.1% in the fourth quarter. ARGA Investment Management LP now owns 4,193,129 shares of the company’s stock worth $223,512,000 after buying an additional 44,996 shares during the period. Geode Capital Management LLC grew its position in Magna International by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 2,426,843 shares of the company’s stock worth $128,774,000 after purchasing an additional 154,710 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Magna International by 7.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,090,887 shares of the company’s stock valued at $111,549,000 after purchasing an additional 151,819 shares during the period. Hillsdale Investment Management Inc. raised its stake in Magna International by 2.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 725,425 shares of the company’s stock valued at $38,741,000 after purchasing an additional 16,255 shares during the period. Finally, QV Investors Inc. lifted its holdings in shares of Magna International by 0.6% in the second 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 in the last quarter. Institutional investors and hedge funds own 67.49% of the company’s stock.

Trending Headlines about Magna International

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

• Positive Sentiment: Q4 results and guidance: Magna topped Q4 estimates ($2.18 EPS, ~ $10.8B sales), raised the dividend and gave an upbeat FY2026 revenue and EPS outlook — a clear fundamental positive supporting higher valuation expectations. Article Title
• Positive Sentiment: Bullish research: TD Securities raised its price target to $75 and moved to a “buy” rating, implying meaningful upside versus current levels and supporting positive investor sentiment. Article Title
• Positive Sentiment: Momentum coverage: recent pieces (MSN, Zacks) pitch MGA as a long-term momentum name, which can attract momentum and quant flows into the shares. Article Title
• Neutral Sentiment: Mixed neutral rating: Barclays raised its target to $67 and kept an “equal weight” rating — essentially signaling the stock is fairly valued at current levels and limiting bullish conviction. Article Title
• Neutral Sentiment: RBC adjustment: Royal Bank of Canada bumped its target to $59 but keeps a “sector perform” view, which is neither explicitly bullish nor bearish and contributes to the mixed analyst tone. Article Title TickerReport
• Negative Sentiment: Conservative sell-side view: Goldman Sachs raised its target to $60 but maintained a “sell” rating, signaling the firm still sees downside and adding downward pressure amid the mixed messages. Article Title

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.