10:14:55 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 282,127,361
Close 2025-02-18 C$ 54.02
Market Cap C$ 15,240,520,041
Recent Sedar Documents

Globe says James's Glen keeps Magna at "market perform"

2025-02-19 07:21 ET - In the News

The Globe and Mail reports in its Wednesday, Feb. 19, edition that Raymond James analyst Michael Glen continues to rate Magna International "market perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Glen gave his share target a $3 trim to $50 (all figures U.S.). Analysts on average target the shares at $48.68. Mr. Glen says in a note: "While we would acknowledge that Magna's Q4 results tracked largely ahead of expectations, guidance for 2025 was underwhelming and is prompting some sizeable downward revisions with our forecast. Overall, we would regard Magna's 2025 guide as a conservative start to the year. That said, the biggest risk to the numbers remains trade and tariff related, which the company has yet to factor in given the unknowns that still exist on this particular item. During the conference call, management did acknowledge that the level of tariffs being proposed would be extremely disruptive to the auto industry as a whole, commenting that it would be unrealistic for a supplier to absorb such cost escalation. Until clarity on trade is established, this will remain the single biggest overhang for Magna stock and the auto parts sector as a whole."

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