Morgan Stanley cuts target to USD 68 for Magna International stock
Published on 10/20/2026 at 21:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and quarterly earnings
- Morgan Stanley cut its Magna target from USD 69.00 to USD 68.00 on October 15, 2026.
- Second-quarter revenue reached USD 10.84 billion against USD 10.63 billion expected.
- Magna International stock costs EUR 59.25 at Lang & Schwarz on October 20, 2026 at 9:06 p.m. CEST, 0.79 percent below the Tradegate close of October 16, 2026.
- Market capitalization stood at USD 17.8 billion on October 20, 2026.
Magna International (CA5592224011) is trading at EUR 59.25 at Lang & Schwarz on October 20, 2026 at 9:06 p.m. CEST, down 0.79 percent versus the Tradegate close of October 16, 2026 at EUR 59.72. MarketBeat reported on October 15, 2026 that Morgan Stanley lowered its target from USD 69.00 to USD 68.00 and kept an Equal Weight rating.
Quarterly earnings beat expectations
Magna's second-quarter 2026 revenue was USD 10.84 billion, compared with the USD 10.63 billion consensus cited by MarketBeat. Adjusted earnings per share reached USD 1.86, exceeding the USD 1.53 consensus by USD 0.33, according to MarketBeat.
Stock sits below the target
The NYSE-listed stock was at USD 66.59 at 3:09 p.m. ET on October 20, 2026. Its USD 17.8 billion market capitalization and P/E ratio of 24.63 place the current valuation near the middle of the recent analyst debate.
At USD 66.59, Morgan Stanley's USD 68.00 target stood 2.12 percent above the price. The wider consensus target reported by MarketBeat was USD 69.13, which was 3.81 percent above the same price.
Revenue growth meets a cautious rating
The second-quarter revenue figure represented a 3.3 percent year-over-year increase, while adjusted earnings per share rose from USD 1.44 in the comparable quarter, as reported by MarketBeat. The contrast is clear: operating results improved, but the latest target move reduced the upside assigned by Morgan Stanley.
Magna stock after hours
Magna's euro quotation was EUR 59.25 at Lang & Schwarz on October 20, 2026 at 9:06 p.m. CEST, 0.79 percent below the Tradegate close of October 16, 2026 at EUR 59.72. The primary-market price was USD 66.59 on the NYSE at 3:09 p.m. ET on October 20, 2026. The further course of trading is shown by the continuously updated real-time quote of Magna International stock.
Magna International market data
- Company: Magna International Inc.
- ISIN: CA5592224011
- Ticker: MGA
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 20, 2026, 9:06 p.m. CEST): EUR 59.25
- Change versus Tradegate close: minus 0.79 percent
- Tradegate close (October 16, 2026): EUR 59.72
- Market capitalization: USD 17.8 billion (as of October 20, 2026)
- Sector / Industry: Consumer Cyclical / Auto - Parts
Market context: Market report S&P 500.
