Magna stock: CIBC cuts target to USD 70 for Magna International stock
Published on 10/22/2026 at 18:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- CIBC cut its Magna target from USD 78.00 to USD 70.00 on October 21, 2026.
- Second-quarter 2026 revenue reached USD 10.84 billion, up 3.30 percent year over year.
- Magna stock costs EUR 57.58 at Lang & Schwarz on October 22, 2026 at 6:32 p.m. CEST.
- Magna is scheduled to report third-quarter results on October 30, 2026.
Canadian Imperial Bank of Commerce downgraded Magna International from Outperformer to Hold and cut its price target from USD 78.00 to USD 70.00 on October 21, 2026, according to MarketBeat. The new target sits 8.38 percent above Magna's NYSE price of USD 64.59 at 12:33 p.m. ET on October 22, 2026. At Lang & Schwarz, Magna stock was trading at EUR 57.58 on October 22, 2026 at 6:32 p.m. CEST.
Revenue reached USD 10.84 billion
Magna's second-quarter 2026 revenue was USD 10.84 billion, up 3.30 percent from USD 10.49 billion a year earlier. The company reported earnings per share of USD 1.86, beating the USD 1.53 consensus estimate by USD 0.33, according to MarketBeat. Fiscal 2026 earnings-per-share guidance stood at USD 6.70 to USD 7.30.
Stock sits below its yearly high
Magna's NYSE price of USD 64.59 was between its 52-week low of USD 34.54 and high of USD 73.22 on October 22, 2026. The quote was 11.79 percent below the yearly high and 86.97 percent above the yearly low. Market capitalization stood at USD 17.3 billion, with a price-to-earnings ratio of 23.88 and a dividend yield of 3.00 percent.
What does the target reset mean?
The CIBC move leaves a more cautious analyst signal beside Magna's latest quarterly improvement. The company has four operating areas spanning body structures, power and vision, seating systems and complete vehicles. Its next scheduled corporate event is the third-quarter results release on October 30, 2026, a date shown on Magna's investor-relations page.
Comparison with peers
Magna International: NYSE price USD 64.59, price-to-earnings ratio 23.88, market capitalization USD 17.3 billion.
Lear Corporation: NYSE price USD 118.52, daily change plus 0.53 percent, price-to-earnings ratio 11.03, market capitalization USD 5.8 billion.
Aptiv PLC: NYSE price USD 44.41, daily change plus 0.17 percent, price-to-earnings ratio 42.30, market capitalization USD 9.2 billion.
Magna stock after the target cut
The target reduction gives investors a concrete valuation counterpoint to Magna's second-quarter earnings beat. The stock's USD 64.59 NYSE price and EUR 57.58 Lang & Schwarz quote represent separate venue and currency readings.
The further course of trading is shown by the continuously updated real-time quote of Magna International stock.
Magna International stock facts
- Company: Magna International Inc.
- ISIN: CA5592224011
- Ticker: MGA on NYSE
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 22, 2026, 6:32 p.m. CEST): EUR 57.58
- Market capitalization: USD 17.3 billion (as of October 22, 2026)
- 52-week range: USD 34.54-73.22 (as of October 22, 2026)
- Sector / Industry: Consumer Cyclical / Auto Parts
Market context: Market report S&P/TSX Composite.
