Magna International (NYSE:MGA) Price Target Cut to $74.00 by Analysts at Canadian Imperial Bank of Commerce

Magna International (NYSE:MGA) (TSE:MG) had its price objective lowered by Canadian Imperial Bank of Commerce to $74.00 in a report released on Monday,MarketScreener reports.

Other analysts also recently issued reports about the company. Barclays decreased their price objective on Magna International from $67.00 to $66.00 and set an “equal weight” rating for the company in a report on Monday, March 30th. Raymond James Financial increased their price objective on Magna International from $50.00 to $75.00 and gave the company a “market perform” rating in a report on Tuesday, February 17th. Wall Street Zen raised shares of Magna International from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 19th. Zacks Research cut shares of Magna International from a “strong-buy” rating to a “hold” rating in a research report on Friday. Finally, Citigroup upped their price target on shares of Magna International from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Magna International has a consensus rating of “Hold” and an average price target of $63.13.

Magna International Trading Up 1.2%

NYSE MGA traded up $0.71 on Monday, reaching $60.25. The company had a trading volume of 311,349 shares, compared to its average volume of 1,907,178. The firm has a market cap of $16.53 billion, a price-to-earnings ratio of 25.27 and a beta of 1.44. Magna International has a fifty-two week low of $32.54 and a fifty-two week high of $69.94. The business has a 50 day moving average of $58.59 and a two-hundred day moving average of $54.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.87.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings data on Friday, May 1st. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.37. The business had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.14 billion. Magna International had a return on equity of 13.85% and a net margin of 1.60%.Magna International’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Analysts forecast that Magna International will post 6.81 EPS for the current year.

Magna International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.495 per share. 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 dividend payout ratio is 67.12%.

Hedge Funds Weigh In On Magna International

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

Magna International News Summary

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

• Positive Sentiment: Q1 beat — Magna reported stronger-than-expected Q1 earnings, improved margins and cash flow, which supports near-term sentiment and underpins today’s upside. Magna Beats Q1 Earnings
• Positive Sentiment: Analyst support — TD increased its price target to $76 and maintains a buy rating, adding bullish pressure. TD Raises Price Target
• Positive Sentiment: Upgrade — Veritas Corp upgraded Magna to “strong-buy,” which can attract buyers and help today’s uptick. Veritas Upgrade
• Neutral Sentiment: Shareholder meeting — Magna published the results of its 2026 annual meeting with routine approvals; corporate governance items passed as expected. Annual Meeting Results
• Neutral Sentiment: Sector coverage mix — Brokers’ consensus remains mixed (average “Hold”), which maintains balanced analyst influence on the stock. Average Broker Rating
• Negative Sentiment: Analyst cuts to EPS — Scotiabank reduced FY2026 and FY2027 EPS estimates (FY2026 to $6.83 and FY2027 to $8.03), signaling lower analyst expectations that can weigh on valuation. Scotiabank Lowers EPS Estimates
• Negative Sentiment: Price-target trim — CIBC trimmed its price target to $74 (still above current levels), a modest negative that reduces some upside conviction. CIBC Lowers PT
• Negative Sentiment: Market reaction to guidance — Coverage noted the stock sold off sharply after Q1 because management did not raise full-year guidance; that remains a risk if investors expect stronger forward guidance. Market Reaction to Guidance

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.