Scotiabank raises earnings forecast for Magna International stock to USD 7.00
Published on 10/27/2026 at 18:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst forecast and reporting date
- Scotiabank raised its fiscal 2026 earnings forecast to USD 7.00 from USD 6.93 on October 22, 2026.
- The firm maintained a Sector Outperform rating and a USD 78.00 price target.
- Magna International stock costs EUR 57.63 at Lang & Schwarz on October 27, 2026 at 6:33 p.m. CEST, 0.79 percent above the Frankfurt close of October 26, 2026.
- Magna plans to publish third-quarter 2026 results on October 30, 2026.
Magna International (CA5592224011) received a higher fiscal 2026 earnings forecast from Scotiabank on October 22, 2026. The firm lifted its estimate to USD 7.00 from USD 6.93, kept a Sector Outperform rating and retained a USD 78.00 price target, according to MarketBeat. The stock was trading at EUR 57.63 at Lang & Schwarz on October 27, 2026 at 6:33 p.m. CEST, up 0.79 percent versus the Frankfurt close of October 26, 2026 at EUR 57.18.
Forecast rises while target holds
The forecast change is modest in absolute terms but gives investors a fresh earnings benchmark ahead of Magna's next report. Scotiabank's USD 7.00 estimate is 0.99 percent above its previous USD 6.93 forecast. The USD 78.00 target stands 21.52 percent above the USD 64.18 NYSE price at 1:36 p.m. ET on October 27, 2026.
Stock stays below its yearly high
Magna's NYSE quote stood at USD 64.18, with a USD 44.64 52-week low and a USD 73.22 high as of October 27, 2026. The price was 12.35 percent below the high and 43.86 percent above the low. Market capitalization was USD 17.2 billion and the price-to-earnings ratio was 23.73 on the same date.
Results arrive October 30
Magna's next scheduled company event is its third-quarter 2026 results webcast on October 30, 2026 at 8:00 a.m. ET. The date was announced by Magna International on October 8, 2026. The company is an automotive supplier with operations in 28 countries and products spanning vehicle structures, powertrain systems, seating and driver-assistance technology.
Comparison with peers
On October 27, 2026, Magna's NYSE quote was USD 64.18, up 0.34 percent from USD 63.96, with a price-to-earnings ratio of 23.73 and market capitalization of USD 17.2 billion. Lear Corporation (NYSE, USD): up 0.30 percent, price-to-earnings ratio 10.90, market capitalization USD 5.8 billion. Aptiv PLC (NYSE, USD): up 0.55 percent, price-to-earnings ratio 41.77, market capitalization USD 9.1 billion.
Price and reporting date
For investors, the immediate test is whether the October 30 report supports the higher fiscal 2026 earnings estimate while the stock remains below its 52-week high. The next company date is concrete, and the analyst target provides a separate valuation reference in US dollars.
The further course of trading is shown by the continuously updated real-time quote of Magna International stock.
Magna International at a glance
- Company: Magna International Inc.
- ISIN: CA5592224011
- Ticker: MGA
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 27, 2026, 6:33 p.m. CEST): EUR 57.63
- Change versus Frankfurt close: plus 0.79 percent
- Frankfurt close (October 26, 2026): EUR 57.18
- Market capitalization: USD 17.2 billion (as of October 27, 2026)
- 52-week range: USD 44.64-USD 73.22 (as of October 27, 2026)
- Sector / Industry: Consumer Cyclical / Auto Parts
- Next earnings date: October 30, 2026
Market context: Market report S&P/TSX Composite.
