Magna International (NYSE:MGA) Given New $75.00 Price Target at TD Securities

Magna International (NYSE:MGA) (TSE:MG) had its price target raised by investment analysts at TD Securities from $58.00 to $75.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 11.96% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Royal Bank Of Canada raised their target price on shares of Magna International from $48.00 to $59.00 and gave the company a “sector perform” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce raised their price objective on shares of Magna International from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Morgan Stanley boosted their target price on Magna International from $38.00 to $54.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Barclays increased their price target on Magna International from $58.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Scotiabank lifted their price target on Magna International from $52.00 to $57.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $57.20.

Magna International Stock Performance

NYSE MGA traded down $1.74 on Tuesday, hitting $66.99. The stock had a trading volume of 3,242,600 shares, compared to its average volume of 1,970,848. Magna International has a one year low of $30.39 and a one year high of $69.94. The company has a quick ratio of 0.83, a current ratio of 1.18 and a debt-to-equity ratio of 0.38. The stock has a market cap of $18.68 billion, a price-to-earnings ratio of 22.70 and a beta of 1.50. The company’s 50-day moving average is $54.60 and its two-hundred day moving average is $49.32.

Magna International (NYSE:MGA) (TSE:MG) last announced its earnings results on Friday, February 13th. The company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.37. Magna International had a return on equity of 12.77% and a net margin of 1.99%.The firm had revenue of $10.74 billion for the quarter, compared to the consensus estimate of $10.54 billion. During the same quarter in the previous year, the business earned $1.69 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. On average, analysts expect that Magna International will post 5.87 earnings per share for the current year.

Institutional Investors Weigh In On Magna International

A number of large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its holdings in shares of Magna International by 19.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,808 shares of the company’s stock valued at $231,000 after acquiring an additional 1,123 shares in the last quarter. ARGA Investment Management LP grew its stake in Magna International by 3.9% in the second quarter. ARGA Investment Management LP now owns 3,114,386 shares of the company’s stock valued at $120,366,000 after purchasing an additional 116,529 shares in the last quarter. QV Investors Inc. grew its stake in Magna International by 0.6% in the second quarter. QV Investors Inc. now owns 651,377 shares of the company’s stock valued at $25,129,000 after purchasing an additional 3,912 shares in the last quarter. Bank of New York Mellon Corp increased its position in Magna International by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 254,557 shares of the company’s stock worth $9,828,000 after purchasing an additional 2,057 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Magna International by 20.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,015,407 shares of the company’s stock worth $77,332,000 after purchasing an additional 338,470 shares in the last quarter. Institutional investors and hedge funds own 67.49% of the company’s stock.

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.