Magna International (NYSE:MGA) Upgraded to Strong-Buy at Veritas

Veritas upgraded shares of Magna International (NYSE:MGA) (TSE:MG) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

A number of other research analysts have also commented on MGA. JPMorgan Chase & Co. reduced their price target on shares of Magna International from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. The Goldman Sachs Group reduced their price target on shares of Magna International from $60.00 to $52.00 and set a “sell” rating for the company in a research report on Tuesday, April 14th. Wall Street Zen upgraded shares of Magna International from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 19th. Morgan Stanley boosted their price target on shares of Magna International from $54.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 18th. Finally, Raymond James Financial boosted their price target on shares of Magna International from $50.00 to $75.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. One equities 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.13.

Magna International Stock Performance

Magna International stock traded up $0.71 during mid-day trading on Monday, reaching $60.25. The company’s stock had a trading volume of 311,349 shares, compared to its average volume of 1,907,178. The firm’s fifty day moving average price is $58.59 and its two-hundred day moving average price is $54.39. The company has a market capitalization of $16.53 billion, a P/E ratio of 25.27 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.87 and a current ratio of 1.25. Magna International has a 12-month low of $32.54 and a 12-month high of $69.94.

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

Magna International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, May 15th. Magna International’s payout ratio is currently 67.12%.

Institutional Trading of Magna International

Hedge funds have recently made changes to their positions in the stock. ARGA Investment Management LP lifted its stake in Magna International by 33.2% in the third quarter. ARGA Investment Management LP now owns 4,148,133 shares of the company’s stock worth $196,557,000 after purchasing an additional 1,033,747 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in Magna International in the third quarter worth $33,593,000. AGF Management Ltd. bought a new stake in Magna International in the third quarter worth $14,191,000. Achmea Investment Management B.V. bought a new stake in Magna International in the third quarter worth $8,606,000. Finally, Geode Capital Management LLC lifted its stake in Magna International by 6.8% in the fourth 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 during the last quarter. 67.49% of the stock is owned by institutional investors.

Key Magna International News

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, which supports near-term sentiment and underpins today’s upside. Magna Beats Q1 Earnings
• Positive Sentiment: Analyst support — TD increased its price target to $76 and maintains a buy rating, adding bullish pressure. TD Raises Price Target
• Positive Sentiment: Upgrade — Veritas Corp upgraded Magna to “strong-buy,” which can attract buyers and help today’s uptick. Veritas Upgrade
• Neutral Sentiment: Shareholder meeting — Magna published the results of its 2026 annual meeting with routine approvals; corporate governance items passed as expected. Annual Meeting Results
• Neutral Sentiment: Sector coverage mix — Brokers’ consensus remains mixed (average “Hold”), which maintains balanced analyst influence on the stock. Average Broker Rating
• Negative Sentiment: Analyst cuts to EPS — Scotiabank reduced FY2026 and FY2027 EPS estimates (FY2026 to $6.83 and FY2027 to $8.03), signaling lower analyst expectations that can weigh on valuation. Scotiabank Lowers EPS Estimates
• Negative Sentiment: Price-target trim — CIBC trimmed its price target to $74 (still above current levels), a modest negative that reduces some upside conviction. CIBC Lowers PT
• Negative Sentiment: Market reaction to guidance — Coverage noted the stock sold off sharply after Q1 because management did not raise full-year guidance; that remains a risk if investors expect stronger forward guidance. Market Reaction to Guidance

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.