UBS Group Issues Pessimistic Forecast for Magna International (NYSE:MGA) Stock Price

Magna International (NYSE:MGA) (TSE:MG) had its price target lowered by equities researchers at UBS Group from $70.00 to $62.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 7.11% from the stock’s current price.

A number of other research firms have also recently commented on MGA. Scotiabank lifted their price objective on shares of Magna International from $57.00 to $69.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Morgan Stanley lifted 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, February 18th. TD Securities lifted their price objective on shares of Magna International from $58.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Raymond James Financial lifted their price objective on shares of Magna International from $50.00 to $75.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 17th. Finally, Zacks Research raised shares of Magna International from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $61.87.

Magna International Stock Performance

MGA stock traded down $0.38 during midday trading on Tuesday, reaching $57.88. 275,722 shares of the company were exchanged, compared to its average volume of 1,885,842. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.87. The business has a 50-day moving average price of $58.26 and a two-hundred day moving average price of $53.08. Magna International has a one year low of $31.52 and a one year high of $69.94. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 19.63 and a beta of 1.44.

Magna International (NYSE:MGA) (TSE:MG) last released 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. Magna International had a net margin of 1.99% and a return on equity of 12.73%. The firm had revenue of $10.74 billion during the quarter, compared to analysts’ expectations of $10.54 billion. During the same period in the previous year, the business posted $1.69 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Equities research analysts forecast that Magna International will post 5.87 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MGA. Integrated Wealth Concepts LLC raised its stake in Magna International by 19.8% in the first quarter. Integrated Wealth Concepts LLC now owns 6,808 shares of the company’s stock valued at $231,000 after purchasing an additional 1,123 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Magna International by 14.2% in the second quarter. Ameriprise Financial Inc. now owns 56,868 shares of the company’s stock valued at $2,196,000 after purchasing an additional 7,073 shares in the last quarter. Steph & Co. raised its stake in Magna International by 51.6% in the third quarter. Steph & Co. now owns 6,578 shares of the company’s stock valued at $312,000 after purchasing an additional 2,240 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Magna International by 98.4% in the third quarter. Farther Finance Advisors LLC now owns 2,839 shares of the company’s stock valued at $134,000 after purchasing an additional 1,408 shares in the last quarter. Finally, JARISLOWSKY FRASER Ltd raised its stake in Magna International by 21.0% in the third quarter. JARISLOWSKY FRASER Ltd now owns 20,686 shares of the company’s stock valued at $980,000 after purchasing an additional 3,596 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.