Magna International (NYSE:MGA – Get Free Report) (TSE:MG) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.
A number of other analysts have also recently commented on the stock. BMO Capital Markets cut shares of Magna International from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $76.00 to $70.00 in a research note on Friday, September 18th. Morgan Stanley reduced their price objective on shares of Magna International from $69.00 to $68.00 and set an “equal weight” rating for the company in a research note on Thursday, October 15th. TD dropped their target price on Magna International from $80.00 to $77.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. UBS Group raised their price target on Magna International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Finally, Scotiabank lifted their price target on Magna International from $74.00 to $78.00 and gave the company a “sector outperform” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Magna International currently has a consensus rating of “Hold” and a consensus target price of $68.87.
Check Out Our Latest Analysis on MGA
Magna International Trading Down 1.5%
Shares of Magna International stock opened at $63.71 on Friday. Magna International has a 52-week low of $45.33 and a 52-week high of $73.22. The stock’s 50-day simple moving average is $65.04 and its 200 day simple moving average is $62.66. The stock has a market capitalization of $16.54 billion, a P/E ratio of 23.08, a P/E/G ratio of 0.69 and a beta of 1.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.88 and a current ratio of 1.22.
Magna International (NYSE:MGA – Get Free Report) (TSE:MG) last issued its earnings results on Friday, October 30th. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.25. The firm had revenue of $9.86 billion during the quarter, compared to analyst estimates of $10.01 billion. Magna International had a net margin of 1.80% and a return on equity of 15.04%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business earned $1.33 earnings per share. As a group, research analysts anticipate that Magna International will post 7.03 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of MGA. Hillsdale Investment Management Inc. increased its holdings in shares of Magna International by 14.8% in the first quarter. Hillsdale Investment Management Inc. now owns 832,575 shares of the company’s stock worth $46,486,000 after purchasing an additional 107,150 shares during the period. Tidal Investments LLC boosted its stake in Magna International by 57.4% during the second quarter. Tidal Investments LLC now owns 55,783 shares of the company’s stock valued at $3,663,000 after buying an additional 20,347 shares during the period. Nykredit A S purchased a new position in Magna International during the second quarter worth about $4,695,000. Plato Investment Management Ltd purchased a new position in Magna International during the second quarter worth about $7,473,000. Finally, Public Employees Retirement System of Ohio increased its stake in Magna International by 43.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 199,358 shares of the company’s stock worth $11,095,000 after acquiring an additional 60,432 shares during the last quarter. 67.49% of the stock is owned by institutional investors.
Key Magna International News
Here are the key news stories impacting Magna International this week:
- Positive Sentiment: Earnings materially exceeded estimates. Adjusted EPS rose 38% year over year to $1.83, above the $1.58 consensus estimate, while reported diluted EPS increased 33% to $1.44. Magna tops Q3 earnings and revenue estimates
- Positive Sentiment: Margins and operating performance improved. Adjusted EBIT increased 11% to $683 million, and the adjusted EBIT margin expanded 90 basis points to 6.8%, driven by productivity initiatives, restructuring benefits, favorable commercial items, and lower tariff costs. Magna Q3 2026 margins rise as revenue softens
- Positive Sentiment: Cash returns and capital allocation support the shares. Magna returned $658 million to shareholders during the quarter and authorized a new buyback program covering up to 10% of its public float over the next 12 months. The company also raised its 2026 free-cash-flow outlook to $1.85 billion-$1.90 billion. Magna announces strong third-quarter results
- Neutral Sentiment: Management reaffirmed the midpoint of its 2026 adjusted EPS outlook at $6.85-$7.15 and narrowed the adjusted EBIT margin range to 6.3%-6.5%, suggesting confidence in profitability but less certainty around the operating range.
- Negative Sentiment: Revenue declined and the sales outlook was reduced. Third-quarter sales fell 4% to $10.1 billion as North American and Chinese vehicle production declined, programs ended, and recent divestitures reduced revenue. Full-year sales guidance was lowered to $41.2 billion-$42.0 billion, partly reflecting weaker expected production in China and unfavorable program mix. Magna Q3 adjusted earnings rise while sales fall
Magna International Company Profile
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.
Read More
- Five stocks we like better than Magna International
- MarketBeat Week in Review – 10/26 – 10/30
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
Receive News & Ratings for Magna International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magna International and related companies with MarketBeat.com's FREE daily email newsletter.
