Scotiabank Forecasts Strong Price Appreciation for Magna International (NYSE:MGA) Stock

Magna International (NYSE:MGA) (TSE:MG) had its price objective upped by investment analysts at Scotiabank from $57.00 to $69.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 3.29% from the stock’s previous close.

Several other analysts have also recently commented on MGA. Wall Street Zen upgraded shares of Magna International from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 19th. JPMorgan Chase & Co. upped their target price on Magna International from $53.00 to $57.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Evercore lifted their price target on Magna International from $47.00 to $52.00 and gave the stock an “in-line” rating in a research note on Monday, November 24th. UBS Group increased their price target on shares of Magna International from $49.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, Royal Bank Of Canada lifted their price objective on Magna International from $48.00 to $59.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Magna International currently has an average rating of “Hold” and a consensus target price of $60.40.

Magna International Trading Down 0.0%

NYSE:MGA opened at $66.80 on Tuesday. 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 firm has a market cap of $18.63 billion, a P/E ratio of 22.65 and a beta of 1.50. The stock’s 50 day simple moving average is $55.26 and its 200-day simple moving average is $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 released its earnings results on Friday, February 13th. The company reported $2.18 EPS for the quarter, topping the consensus estimate of $1.81 by $0.37. The company 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% on a year-over-year basis. During the same quarter last year, the business earned $1.69 EPS. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Equities analysts anticipate that Magna International will post 5.87 EPS for the current year.

Institutional Trading of Magna International

Hedge funds have recently added to or reduced their stakes in the business. ARGA Investment Management LP grew its holdings in Magna International by 1.1% in the fourth quarter. ARGA Investment Management LP now owns 4,193,129 shares of the company’s stock valued at $223,512,000 after purchasing an additional 44,996 shares during the period. Geode Capital Management LLC raised its position 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 valued at $128,774,000 after purchasing an additional 154,710 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Magna International by 7.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,090,887 shares of the company’s stock valued at $111,549,000 after buying an additional 151,819 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in Magna International by 2.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 725,425 shares of the company’s stock worth $38,741,000 after acquiring an additional 16,255 shares during the period. Finally, QV Investors Inc. grew its position in Magna International by 0.6% in the second quarter. QV Investors Inc. now owns 651,377 shares of the company’s stock valued at $25,129,000 after acquiring an additional 3,912 shares in the last quarter. 67.49% of the stock is owned by institutional investors and hedge funds.

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.