TD Securities Maintains Buy Rating on Magna International (MGA)

Magna International Inc. (NYSE:MGA) is one of the 10 Best Electric Vehicle Supply Chain Stocks to Invest In.

On May 4, 2026, TD Securities analyst Brian Morrison raised the firm’s price target on Magna International Inc. (NYSE:MGA) to $76 from $75 while maintaining a Buy rating on the shares. The firm described the company’s Q1 results as solid and said Magna appears positioned to achieve the mid-to-high end of its guidance range. TD Securities also viewed the post-earnings share price weakness as a buying opportunity.

On May 1, 2026, Magna International Inc. (NYSE:MGA) reported Q1 adjusted EPS of $1.38, versus the consensus estimate of $1.01. Revenue totaled $10.38B, versus the consensus estimate of $10.27B. The company said it delivered a strong start to 2026 through disciplined execution, margin expansion, and strong free cash flow generation. Magna International Inc. (NYSE:MGA) also said recent portfolio refinement actions, including announced dispositions within its Power & Vision segment, support its focus on long-term value creation. The company added that its priorities remain centered on margin expansion, free cash flow generation, and shareholder returns while operating in a dynamic global environment.

TD Securities Maintains Buy Rating on Magna International (MGA)

The company reaffirmed its FY26 adjusted EPS outlook of $6.25-$7.25, versus the consensus estimate of $6.70, and raised its FY26 revenue outlook to $41.9B-$43.5B from $41.5B-$43.1B. Consensus estimate stands at $42.42B. Magna International Inc. (NYSE:MGA) also maintained its FY26 adjusted EBIT margin outlook of 6%-6.6% and capital expenditure outlook of $1.5B-$1.6B.

Magna International Inc. (NYSE:MGA) operates as an automotive supplier across North America, Europe, the Asia Pacific, and other international markets.

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