Magna International (NYSE:MGA) Sets New 12-Month High Following Analyst Upgrade

Posted by George Bondi on Aug 19th, 2026

Magna International Inc. (NYSE:MGA – Get Free Report) (TSE:MG)’s share price reached a new 52-week high during mid-day trading on Wednesday after Morgan Stanley raised their price target on the stock from $65.00 to $69.00. Morgan Stanley currently has an equal weight rating on the stock. Magna International traded as high as $71.99 and last traded at $71.4160, with a volume of 199288 shares traded. The stock had previously closed at $70.27.

Several other equities research analysts have also recently weighed in on MGA. Zacks Research cut shares of Magna International from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Wells Fargo & Company boosted their target price on shares of Magna International from $62.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. increased their price target on Magna International from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce lowered their price objective on Magna International to $74.00 in a research report on Monday, May 4th. Finally, Barclays boosted their price objective on Magna International from $66.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Magna International currently has an average rating of “Hold” and a consensus price target of $68.20.

Read Our Latest Analysis on MGA

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in Magna International by 35.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock worth $42,000 after buying an additional 205 shares during the last quarter. 1620 Investment Advisors Inc. boosted its stake in 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 acquiring an additional 215 shares during the last quarter. Van ECK Associates Corp boosted its stake in Magna International by 2.6% in the fourth quarter. Van ECK Associates Corp now owns 9,114 shares of the company’s stock valued at $486,000 after acquiring an additional 235 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Magna International by 1.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,241 shares of the company’s stock valued at $675,000 after acquiring an additional 246 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of Magna International by 9.1% during the 1st quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock worth $184,000 after purchasing an additional 275 shares during the last quarter. Institutional investors and hedge funds own 67.49% of the company’s stock.

Magna International Price Performance

The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.38. The business’s fifty day moving average is $66.71 and its 200 day moving average is $62.37. The company has a market cap of $19.12 billion, a P/E ratio of 25.90, a PEG ratio of 0.76 and a beta of 1.44.

Magna International (NYSE:MGA – Get Free Report) (TSE:MG) last announced its quarterly earnings data on Friday, July 31st. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.33. Magna International had a return on equity of 15.04% and a net margin of 1.80%.The business had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.63 billion. During the same period in the prior year, the company earned $1.44 earnings per share. Magna International’s revenue was up 3.3% compared to the same quarter last year. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. As a group, sell-side analysts anticipate that Magna International Inc. will post 7.05 EPS for the current year.

Magna International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.495 per share. The ex-dividend date is Friday, August 14th. This represents a $1.98 annualized dividend and a dividend yield of 2.8%. Magna International’s dividend payout ratio is presently 71.74%.

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.