Magna International (NYSE:MGA) Stock Price Expected to Rise, TD Securities Analyst Says

Magna International (NYSE:MGA) (TSE:MG) had its target price boosted by equities research analysts at TD Securities from $58.00 to $75.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 11.96% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on MGA. UBS Group boosted their target price on shares of Magna International from $49.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. boosted their price objective on shares of Magna International from $53.00 to $57.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. The Goldman Sachs Group increased their target price on Magna International from $49.00 to $60.00 and gave the stock a “sell” rating in a research report on Tuesday. Barclays upped their price target on Magna International from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their price objective on Magna International from $50.00 to $58.00 and gave the company an “equal weight” rating in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Magna International currently has an average rating of “Hold” and an average price target of $57.20.

Magna International Trading Down 2.5%

Shares of MGA traded down $1.74 on Tuesday, hitting $66.99. 3,242,600 shares of the stock traded hands, compared to its average volume of 1,970,848. Magna International has a 1 year low of $30.39 and a 1 year high of $69.94. The stock’s 50 day moving average is $54.60 and its two-hundred day moving average is $49.32. The firm has a market capitalization of $18.68 billion, a P/E ratio of 22.70 and a beta of 1.50. The company has a quick ratio of 0.83, a current ratio of 1.18 and a debt-to-equity ratio of 0.38.

Magna International (NYSE:MGA) (TSE:MG) last issued its quarterly earnings results 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 12.77% and a net margin of 1.99%.The company had revenue of $10.74 billion during the quarter, compared to the consensus estimate of $10.54 billion. During the same period in the previous year, the firm posted $1.69 EPS. Magna International’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. As a group, sell-side analysts predict that Magna International will post 5.87 earnings per share for the current year.

Institutional Trading of Magna International

Large investors have recently modified their holdings of the business. ARGA Investment Management LP raised its stake in Magna International by 1.1% during the fourth quarter. ARGA Investment Management LP now owns 4,193,129 shares of the company’s stock worth $223,512,000 after acquiring an additional 44,996 shares during the period. Geode Capital Management LLC raised its position in shares of Magna International by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 2,426,843 shares of the company’s stock worth $128,774,000 after purchasing an additional 154,710 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Magna International by 7.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,090,887 shares of the company’s stock worth $111,549,000 after purchasing an additional 151,819 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Magna International by 2.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 725,425 shares of the company’s stock valued at $38,741,000 after purchasing an additional 16,255 shares during the period. Finally, QV Investors Inc. grew its stake in Magna International by 0.6% during the 2nd quarter. QV Investors Inc. now owns 651,377 shares of the company’s stock worth $25,129,000 after buying an additional 3,912 shares during the last quarter. 67.49% of the stock is currently owned by institutional investors and hedge funds.

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.