Magna International (NYSE:MGA) Price Target Raised to $68.00 at Barclays

Magna International (NYSE:MGA) (TSE:MG) had its target price increased by Barclays from $66.00 to $68.00 in a report issued on Friday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research analysts also recently weighed in on MGA. Royal Bank Of Canada lifted their target price on Magna International from $66.00 to $69.00 and gave the company a “sector perform” rating in a research note on Monday, August 3rd. Citigroup upped their price target on Magna International from $58.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. decreased their price target on Magna International from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. TD lifted their price objective on shares of Magna International from $75.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Weiss Ratings raised shares of Magna International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $67.47.

Magna International Price Performance

Shares of NYSE:MGA opened at $70.35 on Friday. The company has a 50-day simple moving average of $66.24 and a 200-day simple moving average of $61.49. Magna International has a one year low of $42.00 and a one year high of $71.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.88 and a current ratio of 1.22. The stock has a market capitalization of $18.81 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 0.74 and a beta of 1.44.

Magna International (NYSE:MGA) (TSE:MG) last announced its earnings results on Friday, July 31st. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.33. The business had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.63 billion. Magna International had a net margin of 1.80% and a return on equity of 15.04%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.44 earnings per share. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. On average, analysts predict that Magna International will post 7.02 EPS for the current year.

Magna International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.495 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.8%. Magna International’s payout ratio is 71.74%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MGA. EverSource Wealth Advisors LLC boosted 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 worth $42,000 after purchasing an additional 205 shares in the last quarter. Oslo Pensjonsforsikring AS purchased a new position in shares of Magna International in the 1st quarter valued at about $45,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Magna International in the 4th quarter valued at about $49,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Magna International in the fourth quarter valued at about $67,000. Finally, Danske Bank A S acquired a new stake in shares of Magna International in the third quarter valued at about $112,000. Institutional investors and hedge funds own 67.49% of the company’s stock.

Magna International News Summary

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

• Positive Sentiment: Profitability and guidance support the rally: Q2 earnings benefited from margin expansion in Magna’s Power & Vision unit and productivity gains. The company also raised its 2026 EPS guidance to a range of $6.70-$7.30, reinforcing expectations for improved earnings. MGA Q2 Earnings Beat on Power & Vision Unit’s Margin Expansion
• Positive Sentiment: Scotiabank raised earnings estimates and maintained an outperform view: The bank lifted its FY2026 EPS forecast to $6.93 from $6.63 and its FY2027 estimate to $7.91 from $7.46. Its $78 price target suggests further potential upside relative to recent trading levels. Scotiabank Raises Magna Earnings Estimates
• Positive Sentiment: Momentum and analyst support remain favorable: Zacks highlighted MGA as a strong momentum stock, while Bank of America maintained its Buy rating. The shares also reached a new one-year high following recent analyst optimism. Why Magna Is a Strong Momentum Stock
• Neutral Sentiment: Valuation signals are mixed: GuruFocus reported an elevated GF Score of 80, indicating favorable quality and momentum characteristics, although the stock’s recent advance and volatility may increase near-term trading risk. Magna Shares and GF Score
• Negative Sentiment: Barclays remains cautious: Although it raised its price target to $68 from $66, it kept an Equal Weight rating. The revised target was below the stock’s recent trading level, signaling limited upside in Barclays’ view. Barclays Raises Magna Price Target

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.