Wells Fargo & Company Lowers Magna International (NYSE:MGA) Price Target to $59.00

Magna International (NYSE:MGA) (TSE:MG) had its target price cut by stock analysts at Wells Fargo & Company from $69.00 to $59.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 4.37% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Scotiabank upped their price target on Magna International from $57.00 to $69.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Morgan Stanley raised their price objective on Magna International from $54.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 18th. Citigroup boosted their target price on shares of Magna International from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, March 23rd. Royal Bank Of Canada upped their target price on shares of Magna International from $48.00 to $59.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Finally, Barclays decreased their price target on shares of Magna International from $67.00 to $66.00 and set an “equal weight” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Magna International currently has a consensus rating of “Hold” and a consensus price target of $61.93.

Magna International Stock Performance

Shares of MGA opened at $56.53 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.87. Magna International has a one year low of $30.39 and a one year high of $69.94. The company has a 50-day simple moving average of $57.68 and a two-hundred day simple moving average of $52.49. The firm has a market capitalization of $15.73 billion, a PE ratio of 19.16 and a beta of 1.44.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings data on Friday, February 13th. The company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.37. Magna International had a return on equity of 12.73% and a net margin of 1.99%.The business had revenue of $10.74 billion for the quarter, compared to analysts’ expectations of $10.54 billion. During the same period in the previous year, the firm posted $1.69 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. On average, analysts anticipate that Magna International will post 5.87 EPS for the current fiscal year.

Institutional Trading of Magna International

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Community Bank N.A. bought a new position in Magna International in the 3rd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC boosted its position in shares of Magna International by 35.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock valued at $42,000 after buying an additional 205 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in shares of Magna International during the fourth quarter valued at $49,000. Atlas Capital Advisors Inc. bought a new stake in Magna International in the 4th quarter worth about $67,000. Finally, Danske Bank A S bought a new stake in Magna International in the 3rd quarter worth about $112,000. 67.49% of the stock is currently owned by institutional investors.

Trending Headlines about Magna International

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

• Positive Sentiment: Zacks notes MGA has risen ~61% over the past year and highlights a strong backlog, ADAS (advanced driver assistance systems) growth and margin gains that could support further upside. Magna Stock Soars 61% in a Year: Should You Buy or Book Profits?
• Positive Sentiment: Zacks says Magna’s EBIT margin is set to rise in 2026 driven by cost cuts, automation and restructuring — a near‑term operational story that supports higher profitability and the company’s FY2026 guidance. Magna’s EBIT Margin Set to Rise in 2026: What’s Driving It?
• Positive Sentiment: Zacks added MGA to several April 1st lists — Zacks Rank #1 (Strong Buy), value and income lists — which can attract investor interest and buying flows from quant and screen‑based investors. New Strong Buy Stocks for April 1st
• Neutral Sentiment: Zacks included MGA in a broader screen of auto/tires/trucks names that could beat earnings (Earnings ESP context) — a watchlist item but not an immediate catalyst unless updated EPS expectations change. These 2 Auto, Tires and Trucks Stocks Could Beat Earnings: Why They Should Be on Your Radar
• Neutral Sentiment: Barclays reiterated a Hold rating on MGA — keeps institutional sentiment cautious but is not a fresh downgrade. Barclays Reaffirms Their Hold Rating on Magna International (MGA)
• Negative Sentiment: Wells Fargo cut its price target from $69 to $59 and set an Equal Weight rating — removes some upside for investors and can weigh on sentiment. Wells Fargo price target cut report
• Negative Sentiment: Coverage notes (reported by AmericanBankingNews) indicate Barclays has lowered expectations for MGA’s stock price — another cautionary datapoint that could temper rallies. Barclays Has Lowered Expectations for Magna International (NYSE:MGA) Stock Price

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.