Scotiabank Issues Positive Forecast for Magna International (NYSE:MGA) Stock Price

Magna International (NYSE:MGA) (TSE:MG) had its target price upped by Scotiabank from $57.00 to $69.00 in a report issued on Tuesday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other equities analysts also recently issued research reports about the company. Evercore raised their target price on Magna International from $47.00 to $52.00 and gave the stock an “in-line” rating in a research report on Monday, November 24th. Wall Street Zen raised Magna International from a “buy” rating to a “strong-buy” rating in a report on Monday, January 19th. Citigroup upped their target price on shares of Magna International from $49.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 14th. JPMorgan Chase & Co. lifted their price target on shares of Magna International from $53.00 to $57.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Magna International from $50.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $59.67.

Magna International Trading Down 2.9%

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

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, beating analysts’ consensus estimates of $1.81 by $0.37. Magna International had a net margin of 1.99% and a return on equity of 12.77%. The business had revenue of $10.74 billion for the quarter, compared to analysts’ expectations of $10.54 billion. During the same quarter in the previous year, the firm posted $1.69 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. On average, equities research analysts forecast that Magna International will post 5.87 earnings per share for the current fiscal year.

Magna International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $0.495 dividend. This is a positive change from Magna International’s previous quarterly dividend of $0.49. This represents a $1.98 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, February 27th. Magna International’s dividend payout ratio (DPR) is 65.76%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Plato Investment Management Ltd acquired a new position in Magna International in the third quarter valued at about $1,880,000. ARGA Investment Management LP raised its position in shares of Magna International by 33.2% in the 3rd quarter. ARGA Investment Management LP now owns 4,148,133 shares of the company’s stock valued at $196,557,000 after acquiring an additional 1,033,747 shares during the period. AGF Management Ltd. bought a new position in Magna International during the 3rd quarter worth approximately $14,191,000. Meritage Portfolio Management acquired a new position in Magna International during the third quarter valued at approximately $3,551,000. Finally, Western Wealth Management LLC bought a new stake in Magna International in the second quarter valued at approximately $249,000. Institutional investors own 67.49% of the company’s stock.

Trending Headlines about 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

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.