Royal Bank Of Canada Increases Magna International (NYSE:MGA) Price Target to $59.00

Magna International (NYSE:MGA) (TSE:MG) had its target price lifted by equities researchers at Royal Bank Of Canada from $48.00 to $59.00 in a report released on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential downside of 11.68% from the company’s current price.

Several other research firms also recently issued reports on MGA. BMO Capital Markets boosted their price objective on shares of Magna International from $49.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Scotiabank lifted their target price on shares of Magna International from $52.00 to $57.00 and gave the company a “sector perform” rating in a report on Tuesday, January 27th. Wells Fargo & Company increased their price target on Magna International from $50.00 to $58.00 and gave the company an “equal weight” rating in a report on Monday, January 12th. Barclays raised 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. Finally, Canadian Imperial Bank of Commerce increased their target price on Magna International from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $60.40.

Magna International Price Performance

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

Magna International (NYSE:MGA) (TSE:MG) last issued its 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 analysts’ expectations of $10.54 billion. Magna International had a return on equity of 12.73% and a net margin of 1.99%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.69 EPS. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. As a group, research analysts predict that Magna International will post 5.87 EPS for the current year.

Institutional Trading of Magna International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Community Bank N.A. bought a new position in Magna International during the 3rd quarter valued at $29,000. EverSource Wealth Advisors LLC raised its stake in shares of Magna International by 35.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock valued at $42,000 after purchasing an additional 205 shares in the last quarter. IFC & Insurance Marketing Inc. bought a new position in shares of Magna International during the fourth quarter worth about $49,000. Atlas Capital Advisors Inc. acquired a new position in Magna International in the fourth quarter worth about $67,000. Finally, Danske Bank A S bought a new stake in Magna International in the third quarter valued at about $112,000. Institutional investors own 67.49% of the company’s stock.

Magna International News Roundup

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.