Scotiabank Lifts Earnings Estimates for Magna International

Magna International Inc. (TSE:MG) (NYSE:MGA) – Equities research analysts at Scotiabank boosted their FY2026 EPS estimates for shares of Magna International in a research report issued to clients and investors on Thursday, February 19th. Scotiabank analyst J. Goldman now expects that the company will post earnings of $9.67 per share for the year, up from their prior estimate of $8.14. The consensus estimate for Magna International’s current full-year earnings is $8.89 per share. Scotiabank also issued estimates for Magna International’s FY2027 earnings at $11.94 EPS.

Several other equities research analysts also recently commented on the company. Canadian Imperial Bank of Commerce upgraded shares of Magna International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. BMO Capital Markets raised Magna International to a “strong-buy” rating in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Magna International has a consensus rating of “Moderate Buy” and an average target price of C$61.00.

Magna International Stock Down 1.4%

TSE MG opened at C$87.59 on Monday. The business’s 50-day moving average is C$76.92 and its 200 day moving average is C$69.44. The stock has a market capitalization of C$24.68 billion, a PE ratio of 29.89, a PEG ratio of 0.45 and a beta of 1.80. The company has a debt-to-equity ratio of 61.81, a current ratio of 1.14 and a quick ratio of 0.83. Magna International has a 1 year low of C$43.25 and a 1 year high of C$95.18.

Magna International (TSE:MG) (NYSE:MGA) last posted its quarterly earnings results on Friday, February 13th. The company reported C$2.99 earnings per share (EPS) for the quarter. Magna International had a return on equity of 9.11% and a net margin of 2.52%.The business had revenue of C$14.89 billion for the quarter.

Magna International Company Profile

Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets-North America, Europe, and China. With a global team and footprint spanning 28 countries, we bring unmatched scale, trusted reliability, and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative vehicle systems to deliver performance, safety and quality.