Magna International stock gets a lower BMO target
Published on 09/24/2026 at 15:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Magna International stock stood at CAD 90.01 on the TSX on September 23, 2026, 11.0 percent below its 52-week high of CAD 101.10. The latest analyst move points to a lower valuation framework, while Magna's second-quarter figures exceeded consensus.
BMO lowers its target
MarketBeat reported on September 19, 2026, that BMO Capital Markets lowered its Magna rating from Strong Buy to Hold and reduced its price target from USD 76 to USD 70. The broader consensus remained Hold with an average target of USD 69.07, placing the consensus USD 20.93 below the TSX quotation after currency conversion is excluded from the comparison.
The target revision matters because it arrived after a quarterly earnings beat. The same MarketBeat report said Magna delivered adjusted EPS of USD 1.86 in Q2 2026, compared with USD 1.53 expected, while revenue reached USD 10.84 billion, up 3.3 percent from the prior-year quarter.
Quarterly beat meets cautious targets
The earnings comparison is the clearest split in the current picture. Adjusted EPS improved from USD 1.44 in Q2 2025 to USD 1.86 in Q2 2026, while the target reductions show that analysts are applying a more cautious valuation despite the operating beat.
Magna's investor relations page lists the company on both the NYSE under MGA and the TSX under MG. It also scheduled a Magna presentation at the CIBC Eastern Institutional Investor Conference for September 24, 2026, giving investors a dated corporate event alongside the analyst reset.
TSX price stays below yearly high
Magna's TSX price of CAD 90.01 on September 23, 2026, was up 0.16 percent for the session. The company had a market capitalization of CAD 24.50 billion, and the 52-week range ran from CAD 60.67 to CAD 101.10.
Magna International stock facts
- Company: Magna International Inc.
- Ticker: MG
- Trading venue: TSX
- Price as of September 23, 2026: CAD 90.01
- Market capitalization: CAD 24.50 billion as of September 23, 2026
- 52-week range: CAD 60.67-101.10
- Sector / Industry: Automotive parts
