Raymond James Financial Increases Magna International (NYSE:MGA) Price Target to $75.00

Magna International (NYSE:MGA) (TSE:MG) had its price objective upped by investment analysts at Raymond James Financial from $50.00 to $75.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 12.27% from the stock’s current price.

Several other research firms have also issued reports on MGA. Morgan Stanley increased their target price on shares of Magna International from $38.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. increased their price target on Magna International from $53.00 to $57.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Citigroup boosted their price objective on Magna International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. The Goldman Sachs Group increased their target price on Magna International from $49.00 to $60.00 and gave the company a “sell” rating in a research report on Tuesday. Finally, TD Securities upped their price objective on shares of Magna International from $58.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Magna International presently has a consensus rating of “Hold” and an average price target of $60.40.

Magna International Trading Down 0.0%

Magna International stock opened at $66.80 on Tuesday. The firm has a market cap of $18.63 billion, a PE ratio of 22.65 and a beta of 1.50. Magna International has a 12 month low of $30.39 and a 12 month high of $69.94. The stock’s 50 day simple moving average is $55.26 and its two-hundred day simple moving average is $49.62. The company has a current ratio of 1.25, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36.

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

Institutional Trading of Magna International

Hedge funds have recently bought and sold shares of the business. Community Bank N.A. purchased a new position in Magna International in the 3rd quarter worth approximately $29,000. EverSource Wealth Advisors LLC increased its holdings in shares of Magna International by 35.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock valued at $42,000 after purchasing an additional 205 shares during the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in shares of Magna International in the fourth quarter valued at approximately $49,000. Atlas Capital Advisors Inc. acquired a new position in Magna International during the fourth quarter worth $67,000. Finally, Danske Bank A S acquired a new position in Magna International during the third quarter worth $112,000. Institutional investors and hedge funds own 67.49% of the company’s stock.

Key Magna International News

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

• Positive Sentiment: Post-earnings momentum and heavy trading: coverage notes Magna “revs nearly 20% in massive volume” after its quarter, indicating short-term buying and momentum flows that pushed the stock higher following results. Magna stock revs nearly 20% in massive volume on earnings; gets rating upgrade
• Positive Sentiment: Raymond James raised its target to $75 (market perform), implying ~12% upside — a material bullish signal from a long-standing automotive analyst. Raymond James raise to $75
• Positive Sentiment: TD Securities bumped its target to $75 and kept a “buy” stance, another clear upward catalyst supporting the stock’s rally potential. TD Securities raise to $75
• Positive Sentiment: Scotiabank raised its target to $69 (sector perform), offering modest upside and reinforcing the post-earnings re-rating. Scotiabank raise to $69
• Neutral Sentiment: Barclays nudged its target to $67 (equal weight) — a marginal upside that is unlikely to be a strong directional driver on its own. Barclays raise to $67
• Neutral Sentiment: Longer-term momentum write-up: a feature arguing Magna is a top momentum stock may support investor interest in the name but is thematic rather than a fresh catalyst. Why Magna is a top momentum stock
• Negative Sentiment: Goldman Sachs raised its target to $60 but kept a “sell” rating — the target sits materially below the current price, representing downside pressure from a major sell-side voice. Goldman Sachs raise to $60 (sell)
• Negative Sentiment: RBC lifted its target to $59 (sector perform), still signaling roughly double-digit downside versus the current share price and tempering upside momentum. RBC raise to $59
• Negative Sentiment: Morgan Stanley raised its target to $65 with an “equal weight” rating; the target is slightly below current levels, adding another cautious view amid the mix of upgrades. Morgan Stanley raise to $65

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.