Magna International (NYSE:MGA) Price Target Raised to $69.00

Magna International (NYSE:MGA) (TSE:MG) had its price target hoisted by Scotiabank from $57.00 to $69.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group boosted their price objective on shares of Magna International from $49.00 to $60.00 and gave the company a “sell” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on Magna International from $53.00 to $57.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Morgan Stanley upped their price target on Magna International from $38.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Barclays raised their price objective 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 boosted 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. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $60.40.

Magna International Trading Down 0.2%

Magna International stock opened at $66.72 on Tuesday. Magna International has a 52-week low of $30.39 and a 52-week high of $69.94. The company has a market cap of $18.61 billion, a P/E ratio of 22.62 and a beta of 1.50. The company has a quick ratio of 0.83, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $55.56 and a two-hundred day simple moving average of $49.73.

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

Magna International Increases Dividend

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

Institutional Investors Weigh In On Magna International

Several large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in Magna International by 35.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock worth $42,000 after acquiring an additional 205 shares during the last quarter. 1620 Investment Advisors Inc. grew its holdings in shares of Magna International by 2.7% in the fourth quarter. 1620 Investment Advisors Inc. now owns 8,232 shares of the company’s stock valued at $439,000 after purchasing an additional 215 shares in the last quarter. Van ECK Associates Corp increased its position in Magna International by 2.6% in the fourth quarter. Van ECK Associates Corp now owns 9,114 shares of the company’s stock worth $486,000 after purchasing an additional 235 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Magna International by 1.8% during the third quarter. Integrated Wealth Concepts LLC now owns 14,241 shares of the company’s stock valued at $675,000 after purchasing an additional 246 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its position in Magna International by 7.3% during the fourth quarter. Arkadios Wealth Advisors now owns 4,767 shares of the company’s stock valued at $254,000 after purchasing an additional 324 shares during the last quarter. 67.49% of the stock is owned by institutional investors.

Magna International News Roundup

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)

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.