Fintel reports that on April 24, 2026, Scotiabank upgraded their outlook for Magna International (NYSE:MGA) from Sector Perform to Sector Outperform.
Analyst Price Forecast Suggests 15.78% Downside
As of April 16, 2026, the average one-year price target for Magna International is $53.00/share. The forecasts range from a low of $43.22 to a high of $71.59. The average price target represents a decrease of 15.78% from its latest reported closing price of $62.93 / share.
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The projected annual revenue for Magna International is 43,850MM, an increase of 4.38%. The projected annual non-GAAP EPS is 15.05.
What is the Fund Sentiment?
There are 443 funds or institutions reporting positions in Magna International. This is an decrease of 175 owner(s) or 28.32% in the last quarter. Average portfolio weight of all funds dedicated to MGA is 0.18%, an increase of 28.10%. Total shares owned by institutions decreased in the last three months by 7.48% to 185,604K shares. 
The put/call ratio of MGA is 0.57, indicating a bullish outlook.
What are Other Shareholders Doing?
Pzena Investment Management holds 25,329K shares representing 9.16% ownership of the company. In its prior filing, the firm reported owning 29,114K shares , representing a decrease of 14.94%. The firm decreased its portfolio allocation in MGA by 1.05% over the last quarter.
Royal Bank Of Canada holds 11,929K shares representing 4.32% ownership of the company. In its prior filing, the firm reported owning 12,826K shares , representing a decrease of 7.52%. The firm decreased its portfolio allocation in MGA by 87.24% over the last quarter.
Hotchkis & Wiley Capital Management holds 9,854K shares representing 3.56% ownership of the company. In its prior filing, the firm reported owning 10,829K shares , representing a decrease of 9.89%. The firm decreased its portfolio allocation in MGA by 1.04% over the last quarter.
FIL holds 7,755K shares representing 2.81% ownership of the company. In its prior filing, the firm reported owning 3,219K shares , representing an increase of 58.49%. The firm increased its portfolio allocation in MGA by 41.34% over the last quarter.
CIBC World Markets holds 6,062K shares representing 2.19% ownership of the company. In its prior filing, the firm reported owning 5,125K shares , representing an increase of 15.46%. The firm increased its portfolio allocation in MGA by 19.77% over the last quarter.
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