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

Magna International (NYSE:MGA) (TSE:MG) had its target price reduced by UBS Group from $70.00 to $62.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 9.85% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. TD Securities lifted their price target on shares of Magna International from $58.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Wall Street Zen upgraded shares of Magna International from a “buy” rating to a “strong-buy” rating in a report on Monday, January 19th. Barclays cut their price target on shares of Magna International from $67.00 to $66.00 and set an “equal weight” rating on the stock in a report on Monday, March 30th. Scotiabank lifted their price target on shares of Magna International from $57.00 to $69.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Finally, Morgan Stanley lifted their price target on shares of Magna International from $54.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.33.

Magna International Stock Performance

NYSE MGA opened at $56.44 on Tuesday. The firm’s fifty day moving average price is $58.44 and its two-hundred day moving average price is $53.18. The stock has a market cap of $15.48 billion, a PE ratio of 19.13 and a beta of 1.44. Magna International has a fifty-two week low of $31.52 and a fifty-two week high of $69.94. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.87 and a current ratio of 1.25.

Magna International (NYSE:MGA) (TSE:MG) last posted its earnings results on Friday, February 13th. The company reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.37. The firm had revenue of $10.74 billion for the quarter, compared to analysts’ expectations of $10.54 billion. Magna International had a net margin of 1.99% and a return on equity of 12.73%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.69 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. On average, equities analysts expect that Magna International will post 5.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Magna International

Several institutional investors have recently made changes to their positions in MGA. ARGA Investment Management LP raised its holdings in shares of Magna International by 33.2% during the third quarter. ARGA Investment Management LP now owns 4,148,133 shares of the company’s stock valued at $196,557,000 after purchasing an additional 1,033,747 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Magna International during the third quarter valued at about $33,593,000. AGF Management Ltd. acquired a new position in shares of Magna International during the third quarter valued at about $14,191,000. Achmea Investment Management B.V. acquired a new position in shares of Magna International during the third quarter valued at about $8,606,000. Finally, Geode Capital Management LLC raised its holdings in shares of Magna International by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 2,426,843 shares of the company’s stock valued at $128,774,000 after purchasing an additional 154,710 shares during the period. 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.