Magna International (NYSE:MGA) Downgraded to “Buy” Rating by Wall Street Zen

Posted by Brian Himes on Sep 13th, 2026

Wall Street Zen downgraded shares of Magna International (NYSE:MGA – Free Report) (TSE:MG) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other research firms have also recently commented on MGA. Scotiabank increased their price target on Magna International from $74.00 to $78.00 and gave the company a “sector outperform” rating in a research note on Monday, August 3rd. Morgan Stanley boosted their price target on Magna International from $65.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. upped their price objective on shares of Magna International from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Barclays increased their price objective on shares of Magna International from $66.00 to $68.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Magna International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $68.20.

View Our Latest Report on MGA

Magna International Stock Performance

Shares of MGA stock opened at $66.06 on Friday. The business’s fifty day simple moving average is $67.52 and its 200-day simple moving average is $63.43. The company has a market cap of $17.49 billion, a PE ratio of 23.93, a PEG ratio of 0.70 and a beta of 1.45. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.38. Magna International has a 12-month low of $43.11 and a 12-month high of $73.22.

Magna International (NYSE:MGA – Get Free Report) (TSE:MG) last issued its quarterly earnings data on Friday, July 31st. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.53 by $0.33. The firm had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.63 billion. Magna International had a return on equity of 15.04% and a net margin of 1.80%.The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.44 EPS. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. Analysts expect that Magna International will post 7.06 earnings per share for the current fiscal year.

Magna International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.495 dividend. This represents a $1.98 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, August 14th. Magna International’s dividend payout ratio is 71.74%.

Hedge Funds Weigh In On Magna International

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 205 shares in the last quarter. 1620 Investment Advisors Inc. raised its stake in Magna International by 2.7% in the 4th 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 during the last quarter. Van ECK Associates Corp lifted its holdings in Magna International by 2.6% in the 4th quarter. Van ECK Associates Corp now owns 9,114 shares of the company’s stock valued at $486,000 after purchasing an additional 235 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Magna International by 1.8% in the 3rd 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, Parallel Advisors LLC boosted its stake in 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. 67.49% of the stock is owned by hedge funds and other institutional investors.

About Magna International

(Get Free Report)

Magna International Inc is a Canadian global automotive supplier headquartered in Aurora, Ontario. The company develops and manufactures components, systems and technologies for automakers, serving both traditional internal-combustion vehicle programs and electric-vehicle platforms.

Its principal business areas include body and exterior systems, structures and exteriors, powertrain and driveline systems, seating, electronic systems, advanced driver-assistance technologies and vehicle access systems.