Magna International (NYSE:MGA) Earns Neutral Rating from Canadian Imperial Bank of Commerce

Posted by Francis Steltz on Oct 21st, 2026

Magna International (NYSE:MGA – Get Free Report) (TSE:MG)‘s stock had its “neutral” rating reiterated by investment analysts at Canadian Imperial Bank of Commerce in a research report issued on Wednesday, Benzinga reports. They presently have a $70.00 price objective on the stock, down from their prior price objective of $78.00. Canadian Imperial Bank of Commerce’s target price indicates a potential upside of 8.87% from the company’s previous close.

Several other brokerages have also recently issued reports on MGA. Wall Street Zen cut shares of Magna International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. Morgan Stanley reduced their price objective on Magna International from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 15th. Barclays boosted their target price on Magna International from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, October 9th. UBS Group increased their target price on shares of Magna International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $70.00 price target (down from $76.00) on shares of Magna International in a report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $68.87.

Read Our Latest Stock Report on Magna International

Magna International Trading Down 3.2%

Shares of MGA traded down $2.10 during mid-day trading on Wednesday, hitting $64.29. The company had a trading volume of 411,103 shares, compared to its average volume of 1,498,049. Magna International has a 1-year low of $44.64 and a 1-year high of $73.22. The business’s 50-day simple moving average is $66.03 and its 200-day simple moving average is $64.71. The stock has a market cap of $17.03 billion, a PE ratio of 23.29, a P/E/G ratio of 0.70 and a beta of 1.46. The company has a quick ratio of 0.88, a current ratio of 1.22 and a debt-to-equity ratio of 0.38.

Magna International (NYSE:MGA – Get Free Report) (TSE:MG) last issued its quarterly earnings results on Friday, July 31st. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.53 by $0.33. Magna International had a net margin of 1.80% and a return on equity of 15.04%. The firm had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.63 billion. During the same quarter in the prior year, the business posted $1.44 earnings per share. Magna International’s revenue for the quarter 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. Sell-side analysts forecast that Magna International will post 7.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MGA. QV Investors Inc. grew its stake in shares of Magna International by 33.3% in the third quarter. QV Investors Inc. now owns 739,472 shares of the company’s stock valued at $47,220,000 after buying an additional 184,631 shares in the last quarter. Louisbourg Investments Inc. purchased a new stake in shares of Magna International during the 3rd quarter valued at about $186,000. Net Worth Advisory Group lifted its position in Magna International by 3.7% during the 3rd quarter. Net Worth Advisory Group now owns 9,171 shares of the company’s stock worth $591,000 after acquiring an additional 328 shares in the last quarter. CWA Asset Management Group LLC lifted its position in Magna International by 5.4% during the 3rd quarter. CWA Asset Management Group LLC now owns 150,470 shares of the company’s stock worth $9,580,000 after acquiring an additional 7,729 shares in the last quarter. Finally, Cordatus Wealth Management LLC lifted its position in Magna International by 2.8% during the 3rd quarter. Cordatus Wealth Management LLC now owns 6,181 shares of the company’s stock worth $394,000 after acquiring an additional 168 shares in the last quarter. Institutional investors and hedge funds own 67.49% of the company’s stock.

Magna International Company Profile

(Get Free Report)

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.