Magna International (NYSE:MGA) Shares Pass Above 200-Day Moving Average – What’s Next?

Posted by Brian Himes on Jun 24th, 2026

Shares of Magna International Inc. (NYSE:MGA – Get Free Report) (TSE:MG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $58.51 and traded as high as $67.28. Magna International shares last traded at $65.9970, with a volume of 1,187,216 shares.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MGA. Citigroup boosted their price objective on Magna International from $58.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. decreased their price target on shares of Magna International from $71.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. TD raised their price objective on Magna International from $75.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Barclays lowered their target price on shares of Magna International from $67.00 to $66.00 and set an “equal weight” rating for the company in a report on Monday, March 30th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $57.00 price target on shares of Magna International in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $65.47.

View Our Latest Stock Report on MGA

Magna International Price Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.22 and a quick ratio of 0.88. The company has a market capitalization of $17.44 billion, a PE ratio of 26.80, a PEG ratio of 0.90 and a beta of 1.43. The firm has a 50-day moving average of $63.33 and a 200 day moving average of $58.62.

Magna International (NYSE:MGA – Get Free Report) (TSE:MG) last released its quarterly earnings data on Friday, May 1st. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.01 by $0.37. The company had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.14 billion. Magna International had a return on equity of 14.01% and a net margin of 1.60%.Magna International’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.78 EPS. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. As a group, research analysts anticipate that Magna International Inc. will post 6.87 earnings per share for the current fiscal year.

Magna International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a $0.495 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.1%. Magna International’s payout ratio is currently 82.85%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Community Bank N.A. bought a new stake in Magna International in the 3rd quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its stake in 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 last quarter. Oslo Pensjonsforsikring AS bought a new position in shares of Magna International during the 1st quarter valued at $45,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Magna International in the 4th quarter worth $49,000. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of Magna International in the 4th quarter worth $67,000. Institutional investors own 67.49% of the company’s stock.

About Magna International

(Get Free Report)

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.