Magna International (NYSE:MGA) Rating Increased to Strong-Buy at Canadian Imperial Bank of Commerce

Magna International (NYSE:MGA) (TSE:MG) was upgraded by analysts at Canadian Imperial Bank of Commerce from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also commented on the stock. Barclays increased their price objective on shares of Magna International from $58.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday. BMO Capital Markets increased their price target on shares of Magna International from $49.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Morgan Stanley boosted their price objective on shares of Magna International from $54.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Wall Street Zen raised Magna International from a “buy” rating to a “strong-buy” rating in a report on Monday, January 19th. Finally, Raymond James Financial lifted their target price on Magna International from $50.00 to $75.00 and gave the company a “market perform” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.40.

Magna International Stock Down 0.0%

NYSE MGA opened at $66.80 on Wednesday. The stock’s 50 day simple moving average is $55.26 and its 200 day simple moving average is $49.62. Magna International has a one year low of $30.39 and a one year high of $69.94. The firm has a market cap of $18.63 billion, a PE ratio of 22.65 and a beta of 1.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.83.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings data on Friday, February 13th. The company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.37. The company had revenue of $10.74 billion for the quarter, compared to analyst estimates of $10.54 billion. Magna International had a return on equity of 12.73% and a net margin of 1.99%.The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.69 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. As a group, sell-side analysts forecast that Magna International will post 5.87 earnings per share for the current fiscal year.

Institutional Trading of Magna International

A number of institutional investors and hedge funds have recently modified their holdings of MGA. State of Tennessee Department of Treasury raised its position in shares of Magna International by 0.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 157,482 shares of the company’s stock valued at $8,095,000 after acquiring an additional 937 shares during the period. Russell Investments Group Ltd. raised its holdings in Magna International by 7.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,090,887 shares of the company’s stock worth $111,549,000 after purchasing an additional 151,819 shares during the period. Atlas Capital Advisors Inc. bought a new position in shares of Magna International during the fourth quarter worth $67,000. Arkadios Wealth Advisors grew its holdings in shares of Magna International by 7.3% in the 4th quarter. Arkadios Wealth Advisors now owns 4,767 shares of the company’s stock valued at $254,000 after buying an additional 324 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of 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 buying an additional 235 shares in the last quarter. 67.49% of the stock is owned by institutional investors.

Magna International News Summary

Here are the key news stories impacting Magna International this week:

• Positive Sentiment: Post-earnings momentum and heavy trading: coverage notes Magna “revs nearly 20% in massive volume” after its quarter, indicating short-term buying and momentum flows that pushed the stock higher following results. Magna stock revs nearly 20% in massive volume on earnings; gets rating upgrade
• Positive Sentiment: Raymond James raised its target to $75 (market perform), implying ~12% upside — a material bullish signal from a long-standing automotive analyst. Raymond James raise to $75
• Positive Sentiment: TD Securities bumped its target to $75 and kept a “buy” stance, another clear upward catalyst supporting the stock’s rally potential. TD Securities raise to $75
• Positive Sentiment: Scotiabank raised its target to $69 (sector perform), offering modest upside and reinforcing the post-earnings re-rating. Scotiabank raise to $69
• Neutral Sentiment: Barclays nudged its target to $67 (equal weight) — a marginal upside that is unlikely to be a strong directional driver on its own. Barclays raise to $67
• Neutral Sentiment: Longer-term momentum write-up: a feature arguing Magna is a top momentum stock may support investor interest in the name but is thematic rather than a fresh catalyst. Why Magna is a top momentum stock
• Negative Sentiment: Goldman Sachs raised its target to $60 but kept a “sell” rating — the target sits materially below the current price, representing downside pressure from a major sell-side voice. Goldman Sachs raise to $60 (sell)
• Negative Sentiment: RBC lifted its target to $59 (sector perform), still signaling roughly double-digit downside versus the current share price and tempering upside momentum. RBC raise to $59
• Negative Sentiment: Morgan Stanley raised its target to $65 with an “equal weight” rating; the target is slightly below current levels, adding another cautious view amid the mix of upgrades. Morgan Stanley raise to $65

Magna International Company Profile

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.