Magna International (NYSE:MGA) Given New $59.00 Price Target at Royal Bank Of Canada

Magna International (NYSE:MGA) (TSE:MG) had its price objective upped by Royal Bank Of Canada from $48.00 to $59.00 in a research note published on Tuesday, MarketBeat Ratings reports. They currently have a sector perform rating on the stock.

Several other equities analysts have also recently issued reports on the company. Citigroup upped their price objective on Magna International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. Evercore upped their price target on Magna International from $47.00 to $52.00 and gave the company an “in-line” rating in a report on Monday, November 24th. Wall Street Zen raised Magna International from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 19th. BMO Capital Markets lifted their price objective on Magna International from $49.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Finally, Wells Fargo & Company upped their target price on shares of Magna International from $50.00 to $58.00 and gave the company an “equal weight” rating in a research note on Monday, January 12th. Three research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Magna International currently has a consensus rating of “Hold” and an average target price of $59.67.

Magna International Price Performance

MGA stock opened at $66.75 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 1.18. The firm has a 50 day moving average price of $54.95 and a 200-day moving average price of $49.49. Magna International has a 52-week low of $30.39 and a 52-week high of $69.94. The firm has a market capitalization of $18.61 billion, a price-to-earnings ratio of 22.63 and a beta of 1.50.

Magna International (NYSE:MGA) (TSE:MG) last issued its quarterly 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. The firm had revenue of $10.74 billion during the quarter, compared to the consensus estimate of $10.54 billion. Magna International had a return on equity of 12.77% and a net margin of 1.99%.The company’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.69 earnings per share. 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 fiscal year.

Magna International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $0.495 dividend. The ex-dividend date is Friday, February 27th. This is a boost from Magna International’s previous quarterly dividend of $0.49. This represents a $1.98 annualized dividend and a yield of 3.0%. Magna International’s payout ratio is 65.76%.

Institutional Investors Weigh In On Magna International

A number of hedge funds have recently modified their holdings of MGA. Community Bank N.A. bought a new stake in Magna International during the third quarter valued at about $29,000. EverSource Wealth Advisors LLC lifted 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 valued at $42,000 after buying 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 valued at approximately $49,000. Atlas Capital Advisors Inc. purchased a new stake in Magna International in the 4th quarter worth approximately $67,000. Finally, Danske Bank A S bought a new stake in Magna International during the 3rd quarter worth approximately $112,000. Institutional investors own 67.49% of the company’s stock.

Key Stories Impacting Magna International

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

• Positive Sentiment: Q4 results beat expectations (reported $2.18 EPS on ~ $10.8B revenue), management raised the dividend and issued an upbeat FY2026 revenue/EPS outlook — the primary catalyst for the move. Zacks: Q4 Earnings & Dividend
• Positive Sentiment: Stock surged on massive volume after the results and received at least one prominent rating upgrade, which magnified buying pressure during the session. MSN: Surge on Earnings & Upgrade
• Positive Sentiment: TD Securities raised its target to $75 and put a “buy” on MGA — a bullish institutional endorsement that supports further upside. BayStreet: TD Raise
• Positive Sentiment: Raymond James lifted its target to $75 (now “market perform”), increasing institutional estimate ranges and signaling improved analyst confidence. BayStreet: Raymond James Raise
• Positive Sentiment: Scotiabank raised its target to $69 (sector perform), another upward revision that reduces downside risk in some sell-side models. TickerReport: Scotiabank Raise
• Neutral Sentiment: Barclays bumped its target to $67 and kept an “equal weight” rating — a modest upgrade that signals limited incremental conviction. Benzinga: Barclays Note
• Neutral Sentiment: Zacks and other outlets highlight MGA as a momentum stock based on style scores and the recent catalyst-driven move — useful context for longer-term momentum/quant investors but not an immediate driver of fundamentals. Zacks: Momentum Thesis
• Negative Sentiment: Goldman Sachs raised its target but retained a “sell” rating, implying they see valuation risk despite the beat — a reminder some institutions remain cautious and could cap gains. Benzinga: Goldman Note
• Negative Sentiment: RBC raised its target to $59 but kept a “sector perform,” which still implies downside vs. current levels and contributes to mixed sell-side signals. TickerReport: RBC Note

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.