Scotiabank Lifts Earnings Estimates for Magna International

Magna International Inc. (TSE:MG) (NYSE:MGA) – Stock analysts at Scotiabank boosted their FY2026 earnings per share estimates for shares of Magna International in a research note issued to investors on Thursday, February 19th. Scotiabank analyst J. Goldman now expects that the company will post earnings per share of $9.67 for the year, up from their prior forecast of $8.14. The consensus estimate for Magna International’s current full-year earnings is $8.89 per share. Scotiabank also issued estimates for Magna International’s FY2027 earnings at $11.94 EPS.

MG has been the topic of a number of other research reports. BMO Capital Markets raised shares of Magna International to a “strong-buy” rating in a research note on Monday, November 3rd. Canadian Imperial Bank of Commerce upgraded Magna International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$61.00.

Magna International Trading Down 2.8%

Shares of MG stock opened at C$88.86 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.14 and a debt-to-equity ratio of 61.81. Magna International has a fifty-two week low of C$43.25 and a fifty-two week high of C$95.18. The firm’s 50 day moving average price is C$76.61 and its two-hundred day moving average price is C$69.23. The stock has a market cap of C$25.04 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 0.45 and a beta of 1.80.

Magna International (TSE:MG) (NYSE:MGA) last issued its earnings results on Friday, February 13th. The company reported C$2.99 earnings per share (EPS) for the quarter. Magna International had a return on equity of 9.11% and a net margin of 2.52%.The business had revenue of C$14.89 billion during the quarter.

Magna International Company Profile

Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets-North America, Europe, and China. With a global team and footprint spanning 28 countries, we bring unmatched scale, trusted reliability, and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative vehicle systems to deliver performance, safety and quality.