Magna International Inc. (NYSE:MGA) Stock Has Consensus Price Target of $68.87

Magna International Inc. (NYSE:MGA) (TSE:MG) has been given a consensus recommendation of “Hold” by the nineteen ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $68.87.

MGA has been the topic of a number of analyst reports. BMO Capital Markets cut Magna International from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $76.00 to $70.00 in a research report on Friday, September 18th. Canadian Imperial Bank of Commerce lowered shares of Magna International from an “outperformer” rating to a “hold” rating and reduced their target price for the stock from $78.00 to $70.00 in a report on Wednesday, October 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Magna International in a report on Tuesday. TD decreased their target price on shares of Magna International from $80.00 to $77.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Finally, UBS Group lifted their price target on shares of Magna International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, July 9th.

Magna International News Summary

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

• Positive Sentiment: Earnings materially exceeded estimates. Adjusted EPS rose 38% year over year to $1.83, above the $1.58 consensus estimate, while reported diluted EPS increased 33% to $1.44. Magna tops Q3 earnings and revenue estimates
• Positive Sentiment: Margins and operating performance improved. Adjusted EBIT increased 11% to $683 million, and the adjusted EBIT margin expanded 90 basis points to 6.8%, driven by productivity initiatives, restructuring benefits, favorable commercial items, and lower tariff costs. Magna Q3 2026 margins rise as revenue softens
• Positive Sentiment: Cash returns and capital allocation support the shares. Magna returned $658 million to shareholders during the quarter and authorized a new buyback program covering up to 10% of its public float over the next 12 months. The company also raised its 2026 free-cash-flow outlook to $1.85 billion-$1.90 billion. Magna announces strong third-quarter results
• Neutral Sentiment: Management reaffirmed the midpoint of its 2026 adjusted EPS outlook at $6.85-$7.15 and narrowed the adjusted EBIT margin range to 6.3%-6.5%, suggesting confidence in profitability but less certainty around the operating range.
• Negative Sentiment: Revenue declined and the sales outlook was reduced. Third-quarter sales fell 4% to $10.1 billion as North American and Chinese vehicle production declined, programs ended, and recent divestitures reduced revenue. Full-year sales guidance was lowered to $41.2 billion-$42.0 billion, partly reflecting weaker expected production in China and unfavorable program mix. Magna Q3 adjusted earnings rise while sales fall

Magna International Price Performance

Shares of Magna International stock opened at $63.71 on Tuesday. The stock has a market cap of $16.54 billion, a P/E ratio of 20.42, a P/E/G ratio of 0.68 and a beta of 1.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.88 and a current ratio of 1.22. The stock’s fifty day moving average is $65.04 and its 200 day moving average is $62.66. Magna International has a one year low of $45.33 and a one year high of $73.22.

Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings results on Friday, October 30th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.25. Magna International had a return on equity of 15.04% and a net margin of 1.80%. The business had revenue of $9.86 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. Magna International’s revenue for the quarter was down 3.9% on a year-over-year basis. Sell-side analysts anticipate that Magna International will post 7.03 earnings per share for the current year.

Institutional Trading of Magna International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Frank Rimerman Advisors LLC lifted its stake in shares of Magna International by 2.4% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 6,744 shares of the company’s stock valued at $429,000 after buying an additional 156 shares in the last quarter. Cordatus Wealth Management LLC boosted its holdings in Magna International by 2.8% in the 3rd quarter. Cordatus Wealth Management LLC now owns 6,181 shares of the company’s stock worth $394,000 after buying an additional 168 shares during the period. Steph & Co. boosted its holdings in Magna International by 2.1% in the 3rd quarter. Steph & Co. now owns 8,373 shares of the company’s stock worth $533,000 after buying an additional 172 shares during the period. Parallel Advisors LLC increased its stake in Magna International by 9.1% in the 1st quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock worth $184,000 after buying an additional 275 shares in the last quarter. Finally, Andra AP fonden increased its stake in Magna International by 1.1% in the 2nd quarter. Andra AP fonden now owns 28,200 shares of the company’s stock worth $1,852,000 after buying an additional 300 shares in the last quarter. 67.49% of the stock is owned by hedge funds and other institutional investors.

Magna International Company Profile

Magna International Inc is a global automotive supplier headquartered in Aurora, Ontario, Canada. The company designs, engineers and manufactures components and systems for automakers, serving vehicle manufacturers across North America, Europe and Asia.

Its products and services span several automotive categories, including body and chassis structures, exterior systems, powertrain and driveline components, seating, vehicle electronics, lighting, mirrors, and advanced driver assistance technologies.