Canadian Imperial Bank of Commerce Has Lowered Expectations for Magna International (NYSE:MGA) Stock Price

Magna International (NYSE:MGA) (TSE:MG) had its price objective reduced by equities researchers at Canadian Imperial Bank of Commerce to $74.00 in a research report issued to clients and investors on Monday,MarketScreener reports. Canadian Imperial Bank of Commerce’s price target points to a potential upside of 22.49% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Veritas upgraded Magna International to a “strong-buy” rating in a research note on Monday. Bank of America assumed coverage on Magna International in a research note on Wednesday, March 4th. They issued a “buy” rating for the company. Barclays dropped their price target on 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. Citigroup raised their target price on Magna International from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, March 23rd. Finally, JPMorgan Chase & Co. lowered their target price on Magna International from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Magna International has an average rating of “Hold” and an average price target of $63.13.

Magna International Price Performance

NYSE:MGA traded up $0.87 during trading hours on Monday, reaching $60.41. 243,440 shares of the company were exchanged, compared to its average volume of 1,905,425. The company has a market capitalization of $16.57 billion, a P/E ratio of 25.27 and a beta of 1.44. Magna International has a 1-year low of $32.54 and a 1-year 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 0.87. The business has a 50 day moving average of $58.59 and a 200 day moving average of $54.39.

Magna International (NYSE:MGA) (TSE:MG) last released its earnings results on Friday, May 1st. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.37. Magna International had a return on equity of 13.85% and a net margin of 1.60%.The firm had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Research analysts forecast that Magna International will post 6.81 EPS for the current year.

Hedge Funds Weigh In On Magna International

Hedge funds have recently modified their holdings of the company. Hillsdale Investment Management Inc. raised its holdings in shares of Magna International by 14.8% in the 1st quarter. Hillsdale Investment Management Inc. now owns 832,575 shares of the company’s stock worth $46,486,000 after purchasing an additional 107,150 shares during the period. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Magna International in the 1st quarter worth approximately $237,000. DGS Capital Management LLC raised its holdings in shares of Magna International by 6.0% in the 1st quarter. DGS Capital Management LLC now owns 46,735 shares of the company’s stock worth $2,608,000 after purchasing an additional 2,634 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Magna International by 1.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,528 shares of the company’s stock worth $2,429,000 after purchasing an additional 476 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Magna International by 498.4% in the 1st quarter. SG Americas Securities LLC now owns 13,931 shares of the company’s stock worth $777,000 after purchasing an additional 11,603 shares during the period. Institutional investors 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: Q1 beat — Magna reported stronger?than?expected Q1 earnings, improved margins and cash?flow gains, showing operational strength despite weak global vehicle production; investors view this as proof the business can grow profitably. Magna Beats Q1 Earnings Estimates, Revises 2026 Sales Outlook
• Positive Sentiment: Analyst upgrades/target increases — TD raised its price target from $75 to $76 and maintains a Buy rating, and Veritas upgraded the stock to “strong?buy”, offering incremental support to the share price and signaling continued analyst confidence. TD raises price target to $76
• Positive Sentiment: Industry bullish write?ups — coverage highlighting Magna’s auto?supply momentum and growth prospects underscores the company’s exposure to EV and ADAS content gains, a structural positive for longer?term revenue/earnings. Auto Supply Momentum: Magna’s Growth Story Unfolds
• Neutral Sentiment: Corporate housekeeping — Magna announced voting results from its 2026 annual meeting with routine approvals; no material governance surprises. Magna Announces 2026 Annual Meeting Results
• Neutral Sentiment: Broker consensus — an aggregate “Hold” remains among brokerages, reflecting mixed views that balance near?term strength against cautious guidance. Magna Receives Average Rating of “Hold”
• Negative Sentiment: Guidance disappointment reaction — despite the Q1 beat, management did not meaningfully lift full?year guidance, which prompted a sharp negative market reaction as investors had hoped for stronger forward guidance. Magna Stock Craters 10% as Strong Q1 Fails to Lift Full-Year Outlook
• Negative Sentiment: Analyst cuts to EPS — Scotiabank trimmed its FY2026 and FY2027 EPS forecasts (FY2026 to $6.83, FY2027 to $8.03), lowering near?term earnings expectations even as it keeps an Outperform rating and $72 target; downward estimate revisions can weigh on sentiment. Scotiabank reduces FY2026/FY2027 EPS estimates

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.