Magna International (NYSE:MGA) Stock Rating Upgraded by Canadian Imperial Bank of Commerce

Magna International (NYSE:MGA) (TSE:MG) was upgraded by research analysts at Canadian Imperial Bank of Commerce from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other brokerages have also commented on MGA. Evercore upped their price objective on Magna International from $47.00 to $52.00 and gave the company an “in-line” rating in a report on Monday, November 24th. Morgan Stanley boosted their target price on shares of Magna International from $54.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday. BMO Capital Markets raised their price target on shares of Magna International from $49.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Citigroup increased their price target on Magna International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Finally, JPMorgan Chase & Co. lifted their price objective on Magna International from $53.00 to $57.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $60.40.

Magna International Stock Performance

MGA opened at $66.72 on Wednesday. The firm has a market capitalization of $18.61 billion, a PE ratio of 22.62 and a beta of 1.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 1.25. Magna International has a 52-week low of $30.39 and a 52-week high of $69.94. The business’s 50-day simple moving average is $55.56 and its 200 day simple moving average is $49.73.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings results on Friday, February 13th. The company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.37. Magna International had a net margin of 1.99% and a return on equity of 12.73%. The firm had revenue of $10.74 billion for the quarter, compared to analyst estimates of $10.54 billion. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.69 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. As a group, sell-side analysts expect that Magna International will post 5.87 earnings per share 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 position 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 worth $196,557,000 after purchasing an additional 1,033,747 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of Magna International during the third quarter worth about $33,593,000. Geode Capital Management LLC raised its holdings in shares of Magna International by 20.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,015,407 shares of the company’s stock worth $77,332,000 after acquiring an additional 338,470 shares during the last quarter. AGF Management Ltd. bought a new position in Magna International in the 3rd quarter valued at about $14,191,000. Finally, Achmea Investment Management B.V. acquired a new position in Magna International during the 3rd quarter valued at about $8,606,000. Institutional investors and hedge funds own 67.49% of the company’s stock.

More Magna International News

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

• Positive Sentiment: CIBC upgraded MGA from Hold to Strong-Buy, signaling increased conviction after recent results and guidance. CIBC Upgrade
• Positive Sentiment: Raymond James raised its price target to $75, the highest among recent broker moves and a clear bullish vote that could support upside momentum. Raymond James PT Raise
• Positive Sentiment: Barclays increased its price target to $67, a modest boost that reflects more constructive analyst sentiment around near‑term outlook. Barclays PT Raise
• Positive Sentiment: A Goldman Sachs analyst publicly expects Magna’s stock to rise, reinforcing the bullish camp among institutional analysts. Goldman Sachs Note
• Neutral Sentiment: Brokerage consensus remains around a “Hold” average recommendation, indicating mixed or wait‑and‑see positioning despite some upgrades. Average Recommendation
• Neutral Sentiment: Morgan Stanley raised its target to $65 but kept an Equal Weight rating, implying a neutral stance (their $65 target is slightly below the current market level). Morgan Stanley Note
• Negative Sentiment: Royal Bank of Canada lifted its target to $59, which sits notably below the current share price and could cap upside or pressure the stock if investors follow RBC’s view. RBC PT Raise (Lower)

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.