Magna International (NYSE:MGA) Raised to “Strong-Buy” at Canadian Imperial Bank of Commerce

Magna International (NYSE:MGA) (TSE:MG) was upgraded by investment 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.

Other equities analysts have also issued research reports about the stock. Raymond James Financial raised their price objective on shares of Magna International from $50.00 to $75.00 and gave the company a “market perform” rating in a research report on Tuesday. The Goldman Sachs Group raised their price objective on Magna International from $49.00 to $60.00 and gave the company a “sell” rating in a research note on Tuesday. Barclays boosted their target price on Magna International from $58.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday. Citigroup lifted 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. Finally, BMO Capital Markets lifted their price target on Magna International from $49.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Magna International presently has a consensus rating of “Hold” and an average price target of $60.40.

Magna International Trading Down 0.0%

Shares of NYSE:MGA opened at $66.80 on Wednesday. The firm has a market capitalization of $18.63 billion, a P/E ratio of 22.65 and a beta of 1.50. Magna International has a 12-month low of $30.39 and a 12-month high of $69.94. The company has a quick ratio of 0.83, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average of $55.26 and a two-hundred day moving average of $49.62.

Magna International (NYSE:MGA) (TSE:MG) last issued its earnings results on Friday, February 13th. The company reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.37. Magna International had a return on equity of 12.73% and a net margin of 1.99%.The firm had revenue of $10.74 billion for the quarter, compared to the consensus estimate of $10.54 billion. During the same quarter in the previous year, the company posted $1.69 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. 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

A number of hedge funds have recently modified their holdings of the stock. State of Tennessee Department of Treasury lifted its position in shares of Magna International by 0.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 157,482 shares of the company’s stock worth $8,095,000 after buying an additional 937 shares during the period. Russell Investments Group Ltd. raised its stake in Magna International by 7.8% during the fourth quarter. Russell Investments Group Ltd. now owns 2,090,887 shares of the company’s stock worth $111,549,000 after acquiring an additional 151,819 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Magna International during the fourth quarter valued at $67,000. Arkadios Wealth Advisors boosted its stake in shares of Magna International by 7.3% in the 4th quarter. Arkadios Wealth Advisors now owns 4,767 shares of the company’s stock valued at $254,000 after purchasing an additional 324 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Magna International by 2.6% in the 4th quarter. Van ECK Associates Corp now owns 9,114 shares of the company’s stock worth $486,000 after purchasing an additional 235 shares during the last quarter. 67.49% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Magna International

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

• Positive Sentiment: Post-earnings momentum and heavy trading: coverage notes Magna “revs nearly 20% in massive volume” after its quarter, indicating short-term buying and momentum flows that pushed the stock higher following results. Magna stock revs nearly 20% in massive volume on earnings; gets rating upgrade
• Positive Sentiment: Raymond James raised its target to $75 (market perform), implying ~12% upside — a material bullish signal from a long-standing automotive analyst. Raymond James raise to $75
• Positive Sentiment: TD Securities bumped its target to $75 and kept a “buy” stance, another clear upward catalyst supporting the stock’s rally potential. TD Securities raise to $75
• Positive Sentiment: Scotiabank raised its target to $69 (sector perform), offering modest upside and reinforcing the post-earnings re-rating. Scotiabank raise to $69
• Neutral Sentiment: Barclays nudged its target to $67 (equal weight) — a marginal upside that is unlikely to be a strong directional driver on its own. Barclays raise to $67
• Neutral Sentiment: Longer-term momentum write-up: a feature arguing Magna is a top momentum stock may support investor interest in the name but is thematic rather than a fresh catalyst. Why Magna is a top momentum stock
• Negative Sentiment: Goldman Sachs raised its target to $60 but kept a “sell” rating — the target sits materially below the current price, representing downside pressure from a major sell-side voice. Goldman Sachs raise to $60 (sell)
• Negative Sentiment: RBC lifted its target to $59 (sector perform), still signaling roughly double-digit downside versus the current share price and tempering upside momentum. RBC raise to $59
• Negative Sentiment: Morgan Stanley raised its target to $65 with an “equal weight” rating; the target is slightly below current levels, adding another cautious view amid the mix of upgrades. Morgan Stanley raise to $65

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.