Magna International (NYSE:MGA) Price Target Cut to $66.00 by Analysts at Barclays

Magna International (NYSE:MGA) (TSE:MG) had its target price cut by analysts at Barclays from $67.00 to $66.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 22.85% from the company’s current price.

Other equities research analysts also recently issued reports about the company. TD Securities increased their price objective on Magna International from $58.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Citigroup lifted their price objective on shares of Magna International from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, March 23rd. Zacks Research raised shares of Magna International from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Raymond James Financial raised their price target on Magna International from $50.00 to $75.00 and gave the stock a “market perform” rating in a report on Tuesday, February 17th. Finally, Morgan Stanley boosted their price target 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $61.87.

Magna International Stock Performance

MGA traded down $0.66 on Monday, reaching $53.72. The company had a trading volume of 117,076 shares, compared to its average volume of 1,968,636. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. Magna International has a 1 year low of $30.39 and a 1 year high of $69.94. The stock has a market capitalization of $14.95 billion, a PE ratio of 18.23 and a beta of 1.43. The stock has a 50-day moving average price of $57.61 and a 200-day moving average price of $52.35.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Community Bank N.A. acquired a new stake in shares of Magna International in the third quarter worth approximately $29,000. EverSource Wealth Advisors LLC grew its stake in shares of Magna International by 35.7% during the 4th 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 period. IFC & Insurance Marketing Inc. acquired a new stake in shares of Magna International during the 4th quarter worth $49,000. Atlas Capital Advisors Inc. acquired a new position in Magna International in the fourth quarter valued at $67,000. Finally, Danske Bank A S acquired a new stake in Magna International during the third quarter worth about $112,000. Institutional investors and hedge funds own 67.49% of the company’s stock.

About Magna International

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.