Research Analysts Issue Forecasts for MGA FY2026 Earnings

Magna International Inc. (NYSE:MGA) (TSE:MG) – Investment analysts at Scotiabank raised their FY2026 earnings per share estimates for shares of Magna International in a research note issued on Thursday, October 22nd. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $7.00 per share for the year, up from their prior estimate of $6.93. Scotiabank currently has a “Sector Outperform” rating and a $78.00 target price on the stock. The consensus estimate for Magna International’s current full-year earnings is $7.03 per share.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings results on Friday, July 31st. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.53 by $0.33. The business had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.63 billion. During the same quarter in the previous year, the business posted $1.44 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS.

Several other analysts also recently issued reports on MGA. Morgan Stanley lowered their price target on Magna International from $69.00 to $68.00 and set an “equal weight” rating for the company in a report on Thursday, October 15th. Weiss Ratings upgraded Magna International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. Barclays upped their target price on Magna International from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, October 9th. UBS Group increased their target price on Magna International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada dropped their target price on Magna International from $69.00 to $68.00 and set a “sector perform” rating on the stock in a report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $68.87.

Magna International Price Performance

Magna International stock opened at $64.13 on Monday. The firm has a fifty day moving average of $65.43 and a 200-day moving average of $62.54. Magna International has a 52-week low of $44.64 and a 52-week high of $73.22.

Institutional Trading of Magna International

Several large investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. lifted its stake in shares of Magna International by 10.7% in the second quarter. TD Waterhouse Canada Inc. now owns 2,130,562 shares of the company’s stock worth $134,577,000 after acquiring an additional 206,433 shares in the last quarter. Amundi boosted its holdings in Magna International by 4.2% in the second quarter. Amundi now owns 1,781,357 shares of the company’s stock valued at $117,778,000 after purchasing an additional 71,927 shares during the last quarter. QV Investors Inc. grew its stake in Magna International by 33.3% during the 3rd quarter. QV Investors Inc. now owns 739,472 shares of the company’s stock valued at $47,220,000 after purchasing an additional 184,631 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in Magna International by 14.8% during the 1st quarter. Hillsdale Investment Management Inc. now owns 832,575 shares of the company’s stock valued at $46,486,000 after purchasing an additional 107,150 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Magna International during the 2nd quarter valued at approximately $28,495,000. 67.49% of the stock is currently owned by institutional investors and hedge funds.

Magna International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.4950 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, August 14th.

About Magna International

Magna International Inc is a global automotive supplier headquartered in Aurora, Ontario, Canada. The company designs, engineers and manufactures components and systems for automakers, serving vehicle manufacturers across North America, Europe and Asia.

Its products and services span several automotive categories, including body and chassis structures, exterior systems, powertrain and driveline components, seating, vehicle electronics, lighting, mirrors, and advanced driver assistance technologies.