Exane BNP Paribas upgraded Magna from Neutral to Outperform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/11/2025 | Outperform → Sector Perform | RBC Capital Mkts | |
| 3/4/2025 | $52.00 → $48.00 | Buy → Neutral | BofA Securities |
| 1/24/2025 | $41.00 → $52.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 12/11/2024 | $42.00 → $41.00 | Neutral → Sell | Goldman |
| 12/5/2024 | Underperform → Peer Perform | Wolfe Research | |
| 9/25/2024 | $55.00 → $43.00 | Overweight → Equal-Weight | Morgan Stanley |
| 9/5/2024 | Peer Perform → Underperform | Wolfe Research | |
| 7/1/2024 | Neutral → Outperform | Exane BNP Paribas |
RBC Capital Mkts downgraded Magna from Outperform to Sector Perform
BofA Securities downgraded Magna from Buy to Neutral and set a new price target of $48.00 from $52.00 previously
RBC Capital Mkts upgraded Magna from Sector Perform to Outperform and set a new price target of $52.00 from $41.00 previously
NCIB authorizes the discretionary repurchase of up to 25,300,000 Magna Common Shares, representing approximately 10% of Magna's public float.NCIB takes effect on November 7, 2025, and terminates no later than November 6, 2026. AURORA, Ontario, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) announces today the Toronto Stock Exchange's (the "TSX") acceptance of its notice of intention to renew its normal course issuer bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 25,300,000 Magna Common Shares (the "NCIB"), representing approximately 10% of its public float. As at October 31, 2025, Magna had 281,814,257 issued and outstanding Common Shar
Strong execution and operational excellence drove improved performanceYear-over-year comparison (third quarter of 2025 versus third quarter of 2024): Sales increased 2% to $10.5 billion, supported by a 3% rise in global light vehicle productionIncome from operations before income taxes was $473 million, down 32%, as the prior year included recognition of Fisker deferred revenue as Other incomeAdjusted EBIT increased 3% to $613 million, with a 10 basis-point improvement in Adjusted EBIT marginDiluted earnings per share were $1.08; Adjusted diluted earnings per share rose 4% to $1.33 Increase 2025 outlook for Sales, Adjusted EBIT Margin, and Adjusted Net Income attributable to Magna, reflectin
Magna expands global partnership with growing DMS volumes in China and EuropeFollowing initial SOP in 2024, Magna's DMS is now entering its first full year of scaled global productionFirst-to-market, scalable DMS supports China's automotive innovation and safety regulations AURORA, Ontario, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Magna, one of the world's largest automotive suppliers, is marking its first full year of scaled global production of its innovative Driver Monitoring System (DMS), launched with a Germany-based OEM in China. This milestone began with initial launch volumes in China and reflects Magna's accelerating growth in the world's largest automotive market. Magna's DMS technolo
6-K - MAGNA INTERNATIONAL INC (0000749098) (Filer)
6-K - MAGNA INTERNATIONAL INC (0000749098) (Filer)
6-K - MAGNA INTERNATIONAL INC (0000749098) (Filer)
Strong execution and operational excellence drove improved performanceYear-over-year comparison (third quarter of 2025 versus third quarter of 2024): Sales increased 2% to $10.5 billion, supported by a 3% rise in global light vehicle productionIncome from operations before income taxes was $473 million, down 32%, as the prior year included recognition of Fisker deferred revenue as Other incomeAdjusted EBIT increased 3% to $613 million, with a 10 basis-point improvement in Adjusted EBIT marginDiluted earnings per share were $1.08; Adjusted diluted earnings per share rose 4% to $1.33 Increase 2025 outlook for Sales, Adjusted EBIT Margin, and Adjusted Net Income attributable to Magna, reflectin
AURORA, Ontario, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. ANNOUNCES DATE FOR THIRD QUARTER 2025 RESULTS FRIDAY, OCTOBER 31st, 2025 @ 8:00 AM ET LIVE AUDIO WEBCASTWebcast Registration: https://events.q4inc.com/attendee/726766546 DIAL-IN DETAILSParticipant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call and will expire November 7th, 2025 @ 11:59 PM EDTToll-Free Dial-In: 1-800-770-2030Toll Dial-In: 1-609-800-9909Conference ID: 9829
Strong second quarter performance reflected disciplined execution and operational excellenceComparing the second quarter of 2025 to the second quarter of 2024: Sales decreased 3% to $10.6 billion, as light vehicle production declined 6% and 2% in North America and Europe, respectivelyIncome from operations before income taxes increased 16% to $496 millionAdjusted EBIT increased 1% to $583 million and Adjusted EBIT margin improved 20 basis points to 5.5%Diluted earnings per share of $1.35 and Adjusted diluted earnings per share of $1.44 increased 24% and 7%, respectively Returned $324 million to shareholders in dividends and share repurchases in the first half of 2025, including $137 million
Patrick McCann to step down after more than 26 years with Magna, including as CFO since 2022Philip Fracassa joins Magna as CFO effective immediately after 20 years at The Timken Company (NYSE:TKR), where he held the CFO role for over a decadeMagna looks forward to continuing to execute on its long-term strategy, including by building on its strong first-half performance and delivering on its full-year outlook disclosed in August AURORA, Ontario, Sept. 11, 2025 (GLOBE NEWSWIRE) -- Magna today announced the appointment of Philip D. Fracassa as Executive Vice-President and Chief Financial Officer (CFO), effective immediately. He succeeds Patrick McCann, who will step down following a disting
AURORA, Ontario, May 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today announced voting results from its 2025 annual and special meeting of shareholders held on May 8, 2025. A total of 221,621,186 Common Shares or 78.66% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows: a. Election of Directors NomineeVotes FORNomineeVotes FORMary S. Chan98.05%William A. Ruh88.30%Hon. V. Peter Harder98.56%Dr. Indira V. Samarasekera85.59%Jan R. Hauser99.48%Peter Sklar99.87%Seetarama S. Kotagiri (CEO)99.53%Matthew Tsien88.33%Jay K. Kunkel99.
AURORA, Ontario, May 09, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today announced voting results from its 2024 annual meeting of shareholders held on May 9, 2024. A total of 230,328,916 Common Shares or 80.18% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows: a. Election of Directors NomineeVotes FORNomineeVotes FORMary S. Chan95.27%Mary Lou Maher98.16%Hon. V. Peter Harder98.97%William A. Ruh96.46%Jan R. Hauser99.73%Dr. Indira V. Samarasekera89.07%Seetarama S. Kotagiri (CEO)99.54%Matthew Tsien96.22%Jay K. Kunkel99.83%Dr. Thomas Weber95.08%Rober
SC 13G/A - MAGNA INTERNATIONAL INC (0000749098) (Subject)
SC 13G - MAGNA INTERNATIONAL INC (0000749098) (Filed by)
SC 13G/A - MAGNA INTERNATIONAL INC (0000749098) (Subject)