Magna International’s (MGA) “Sector Perform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reiterated their sector perform rating on shares of Magna International (NYSE:MGA) (TSE:MG) in a report issued on Wednesday,MarketScreener reports. Royal Bank Of Canada currently has a $57.00 price objective on the stock.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company reduced their price objective on shares of Magna International from $69.00 to $59.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Scotiabank upgraded shares of Magna International from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $69.00 to $72.00 in a report on Friday, April 24th. Citigroup lifted their price objective on shares of Magna International from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, March 23rd. Raymond James Financial lifted their price objective on shares of Magna International from $50.00 to $75.00 and gave the company a “market perform” rating in a report on Tuesday, February 17th. Finally, Morgan Stanley lifted their price objective on shares of Magna International from $54.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Magna International presently has a consensus rating of “Hold” and an average price target of $62.40.

Magna International Stock Down 4.4%

Magna International stock opened at $60.84 on Wednesday. Magna International has a 1-year low of $32.54 and a 1-year high of $69.94. The firm has a market capitalization of $16.69 billion, a price-to-earnings ratio of 20.62 and a beta of 1.44. The firm’s fifty day moving average price is $58.59 and its two-hundred day moving average price is $54.25. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 0.36.

Magna International (NYSE:MGA) (TSE:MG) last issued its quarterly earnings data on Friday, May 1st. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.37. The firm had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Magna International had a net margin of 1.99% and a return on equity of 12.73%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. On average, equities research analysts predict that Magna International will post 6.81 earnings per share for the current fiscal year.

Magna International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, May 15th. Magna International’s payout ratio is 67.12%.

Hedge Funds Weigh In On Magna International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Community Bank N.A. purchased a new position in shares of Magna International in the 3rd quarter worth about $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Magna International by 35.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock worth $42,000 after buying an additional 205 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new position in shares of Magna International in the 4th quarter worth about $49,000. Atlas Capital Advisors Inc. purchased a new position in shares of Magna International in the 4th quarter worth about $67,000. Finally, Danske Bank A S purchased a new position in shares of Magna International in the 3rd quarter worth about $112,000. 67.49% of the stock is owned by hedge funds and other institutional investors.

Magna International News Summary

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

• Positive Sentiment: Adjusted performance beat expectations — Adjusted EPS of $1.38 topped consensus, Adjusted EBIT rose 58% and adjusted margin expanded materially, signaling underlying operational improvement. GlobeNewswire Q1 Release
• Positive Sentiment: Revenue and cash flow resilience — Sales grew ~3% to $10.4B despite a 7% global light-vehicle production decline, and free cash flow turned positive, supporting buybacks and the dividend. GlobeNewswire Q1 Release
• Neutral Sentiment: Full?year outlook maintained but mixed vs. Street — Magna kept FY 2026 adjusted EPS guidance at $6.25–$7.25 and unchanged margin/free-cash flow ranges; the EPS band’s midpoint is close to consensus but the low end is below Street expectations, leaving interpretation mixed. GlobeNewswire Q1 Release
• Negative Sentiment: GAAP headline loss and one?time charge weighed on sentiment — Magna reported a net loss attributable to the company (~$12M) driven by a $485M pre?tax loss on assets held for sale tied to planned disposals in Power & Vision, which flagged near?term GAAP volatility. GlobeNewswire Q1 Release
• Negative Sentiment: Softer production assumptions — Management nudged down North American and European light?vehicle production assumptions versus prior guidance, implying potential near?term volume pressure for auto suppliers like Magna. QuiverQuant Coverage
• Negative Sentiment: Analyst / price?target pressure — At least one broker note reaffirmed a sector?perform view with a sub?current price target, which can add selling pressure after the report. MarketScreener: RBC Note

About Magna International

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.