Magna International (NYSE:MGA) Price Target Raised to $59.00

Magna International (NYSE:MGA) (TSE:MG) had its price objective boosted by Royal Bank Of Canada from $48.00 to $59.00 in a report published on Tuesday, MarketBeat reports. The firm currently has a sector perform rating on the stock.

A number of other equities analysts also recently weighed in on MGA. JPMorgan Chase & Co. boosted their target price on shares of Magna International from $53.00 to $57.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. 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 report on Monday, November 3rd. Canadian Imperial Bank of Commerce upped their price objective on Magna International from $50.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Wells Fargo & Company lifted their target price 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. Finally, Citigroup boosted their target price on Magna International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $60.40.

Magna International Price Performance

Magna International stock opened at $66.72 on Tuesday. The business’s fifty day moving average is $55.56 and its two-hundred day moving average is $49.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 1.25. The firm has a market cap of $18.61 billion, a P/E ratio of 22.62 and a beta of 1.50. Magna International has a 52 week low of $30.39 and a 52 week high of $69.94.

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

Magna International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $0.495 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.98 annualized dividend and a dividend yield of 3.0%. This is an increase from Magna International’s previous quarterly dividend of $0.49. Magna International’s dividend payout ratio is 65.76%.

Hedge Funds Weigh In On Magna International

Several hedge funds have recently added to or reduced their stakes in MGA. Integrated Wealth Concepts LLC grew its position in shares of Magna International by 19.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,808 shares of the company’s stock worth $231,000 after buying an additional 1,123 shares during the period. ARGA Investment Management LP boosted its stake in Magna International by 3.9% during the 2nd quarter. ARGA Investment Management LP now owns 3,114,386 shares of the company’s stock worth $120,366,000 after acquiring an additional 116,529 shares during the last quarter. QV Investors Inc. grew its holdings in Magna International by 0.6% during the second quarter. QV Investors Inc. now owns 651,377 shares of the company’s stock valued at $25,129,000 after purchasing an additional 3,912 shares during the period. Bank of New York Mellon Corp increased its stake in Magna International by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 254,557 shares of the company’s stock valued at $9,828,000 after purchasing an additional 2,057 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Magna International by 20.2% in the second quarter. Geode Capital Management LLC now owns 2,015,407 shares of the company’s stock worth $77,332,000 after purchasing an additional 338,470 shares during the period. Institutional investors and hedge funds own 67.49% of the company’s stock.

Trending Headlines about Magna International

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

• Positive Sentiment: CIBC upgraded MGA from Hold to Strong-Buy, signaling increased conviction after recent results and guidance. CIBC Upgrade
• Positive Sentiment: Raymond James raised its price target to $75, the highest among recent broker moves and a clear bullish vote that could support upside momentum. Raymond James PT Raise
• Positive Sentiment: Barclays increased its price target to $67, a modest boost that reflects more constructive analyst sentiment around near‑term outlook. Barclays PT Raise
• Positive Sentiment: A Goldman Sachs analyst publicly expects Magna’s stock to rise, reinforcing the bullish camp among institutional analysts. Goldman Sachs Note
• Neutral Sentiment: Brokerage consensus remains around a “Hold” average recommendation, indicating mixed or wait‑and‑see positioning despite some upgrades. Average Recommendation
• Neutral Sentiment: Morgan Stanley raised its target to $65 but kept an Equal Weight rating, implying a neutral stance (their $65 target is slightly below the current market level). Morgan Stanley Note
• Negative Sentiment: Royal Bank of Canada lifted its target to $59, which sits notably below the current share price and could cap upside or pressure the stock if investors follow RBC’s view. RBC PT Raise (Lower)

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.