Magna upgraded by RBC Capital Mkts with a new price target
$MGA
Auto Parts:O.E.M.
Consumer Discretionary
RBC Capital Mkts upgraded Magna from Sector Perform to Outperform and set a new price target of $52.00 from $41.00 previously
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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
AURORA, Ontario, May 14, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) has announced that it has entered into underwriting agreements in respect of the offering of one series of Euro denominated senior notes ("Euro senior notes") and one series of U.S. dollar denominated senior notes ("U.S. dollar senior notes"), as follows: Principal AmountMaturityAnnual Interest RateEuro Senior Notes€575,000,000May 21, 20313.625%U.S. Dollar Senior Notes$400,000,000June 1, 20355.875% Magna intends to use the net proceeds from the offerings of the Euro senior notes and the U.S. dollar senior notes for general corporate purposes, which may include the repayment of its existing in
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.
Comparing the first quarter of 2025 to the first quarter of 2024: - Sales decreased 8% to $10.1 billion, as global light vehicle production decreased 3%, which included 8% and 5% declines in Europe and North America, respectively - Diluted earnings per share of $0.52 and Adjusted diluted earnings per share of $0.78, compared to $0.03 and $1.08, respectivelyFirst quarter performance was broadly ahead of our expectations driven by strong incremental margins on better than anticipated vehicle productionReturned $187 million to shareholders through dividends and share repurchasesUpdated 2025 Outlook excludes potential impacts of tariffs including on light vehicle production, full year 2025 ra
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SC 13G/A - MAGNA INTERNATIONAL INC (0000749098) (Subject)