RBC Capital cut Magna target to USD 68: Magna stock sits 6.30 percent below target

Published on 10/24/2026 at 20:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Magna's Q3 results are due October 30, 2026. Magna stock was USD 63.97 on October 23, 2026 at 4:00 p.m. EDT, down 1.16 percent versus prior close.

Analyst target and reporting date

RBC Capital cut its Magna target from USD 69.00 to USD 68.00 on October 12, 2026.
Magna is scheduled to report third-quarter 2026 results on October 30, 2026.
Magna stock stood at USD 63.97 on October 23, 2026, down 1.16 percent from USD 64.72.

MGA, CA5592224011, Illustration mit AI erstellt.

RBC Capital cut its Magna International target from USD 69.00 to USD 68.00 on October 12, 2026, while keeping a Sector Perform rating, according to Benzinga. The USD 68.00 target is 6.30 percent above Magna's USD 63.97 NYSE price from October 23, 2026. Magna stock was down 1.16 percent from the USD 64.72 prior close.

October 30 results carry estimates

Magna is scheduled to report third-quarter 2026 results before the market opens on October 30, 2026. MarketBeat cited consensus estimates of USD 1.58 for earnings per share and USD 9.98 billion in revenue for the quarter.

Stock position after October 23

Magna closed at USD 63.97 on the NYSE on October 23, 2026 at 4:00 p.m. EDT, with 1,002,526 shares traded in the latest structured quote. The USD 44.64 to USD 73.22 52-week range places the stock 12.63 percent below its high and 43.30 percent above its low.

The company had a USD 17.1 billion market capitalization and a 9.46 price-to-earnings ratio as of October 23, 2026, according to the figures carried in the results preview. Magna's investor-relations page identifies the NYSE under ticker MGA and describes the company as an automotive supplier serving North America, Europe and China.

Comparison with peers

Magna International: down 1.16 percent, price-to-earnings ratio 9.46, market capitalization USD 17.1 billion.
General Motors (NYSE, USD): down 1.67 percent, price-to-earnings ratio 17.40, market capitalization USD 66.6 billion.
Ford Motor (NYSE, USD): down 2.85 percent, market capitalization USD 46.3 billion.

What comes next for Magna

The October 30 report will put the USD 9.98 billion revenue estimate and USD 1.58 earnings-per-share consensus against the company's operating performance. The analyst target changes also leave a clear split between the USD 68.00 RBC Capital view and the USD 63.97 NYSE closing level.

Magna International Inc. is headquartered in Aurora, Canada, and develops body structures, powertrain systems, seating, electronics and complete vehicles for automakers, as described on Magna's investor-relations page.