Magna International Inc has experienced notable price fluctuations this week amidst key developments.
This week, Magna International Inc (MG.TO) saw its stock price decline by 6.16%, closing at C$91.48, marking a 0.50% drop on the last trading day alone. Despite this downturn, the year-to-date performance remains positive, with a 21.35% increase. Investors are closely monitoring the company's recent announcements and market movements as they evaluate the stock's potential.
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Magna International Inc
MG.TO
MG.TO
Magna International Inc
WealthAwesomeMarket cap
$24.47B
P/E
24.3x
Div. yield
2.16%
Div. / share
$1.97
52W high
$100.87
52W low
$58.73
1W change
-6.16%
Beta
1.85
Analyst Price Targets
Based on analyst covering MG
Wall Street analysts forecast MG stock price to rise 3.4% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$94.15
+3.4% Upside
Current Price
C$91.04
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on MG's historical volatility
30-Day Vol
37.6%
Annualized
90-Day Vol
34.8%
Annualized
Trend (90d)
-14.4%
Annualized drift
90d Mean
C$86.48
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$89.50 | C$78.60 โ C$101.90 |
| 60 trading days | C$87.98 | C$73.22 โ C$105.71 |
| 90 trading days | C$86.48 | C$69.07 โ C$108.29 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: While Magna's recent sales reports and divestitures signal ongoing strategic adjustments, the stock's technical indicators suggest a cautious approach may be warranted in the current market environment.
Magna Reports Q1 Sales of $10.4 Billion
Despite a decline in global light vehicle production, Magna achieved a 3% sales increase in Q1 2026, showcasing resilience in its operations.
Bull case
Magna's ability to grow sales in challenging conditions, along with its strategic focus on divesting underperforming segments, could boost its long-term profitability and operational efficiency.
Bear case
The recent decline in stock price and lower trading volume compared to the average may signal investor caution, especially given the volatility in the automotive sector.
Recent Price Action
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Magna International Inc's stock closed at C$91.48, reflecting a 0.50% decline on the last trading day and a significant 6.16% decrease over the past week. The stock has shown resilience earlier in the year, with a year-to-date increase of 21.35%, despite the recent downturn.
Company News and Developments
Recent headlines indicate that Magna announced a 3% increase in sales to $10.4 billion in Q1 2026, despite a 7% decline in global light vehicle production. The adjusted EBIT rose significantly by 58% to $558 million, and the adjusted EPS reached $1.38. Additionally, Magna has entered into agreements to divest its Lighting and Rooftop Systems businesses, which generated approximately $1.1 billion in combined sales in 2025. These transactions are expected to close in the second half of 2026.
Technical Picture
From a technical standpoint, Magna's stock is currently trading below its 50-day moving average of C$94.22, indicating a potential resistance level. The 200-day moving average stands at C$82.83, suggesting a solid long-term support level. The stock has a beta of 1.85, indicating higher volatility compared to the market. The latest trading volume of 1,008,674 shares is notably lower than the 20-day average volume of 1,562,133 shares, suggesting decreased trading activity.
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