Scotiabank Cuts Price Target for Magna International to $38

Toronto, Canada – Scotiabank has lowered its price target for Magna International Inc. from $45 to $38, maintaining a Sector Perform rating for the company. The revision reflects ongoing concerns in the Autos and Components sector, which analysts believe are becoming increasingly pessimistic.

The analyst noted that the timeline and impact of tariff developments do not inspire confidence in the sector’s outlook. Despite this downgrade, the average price target from 17 analysts stands at $42.68, with estimates ranging from a low of $31.00 to a high of $54.00. This average target suggests a potential upside of 23.46% from Magna’s current trading price of $34.57.

Moreover, consensus from 20 brokerage firms indicates that Magna has an average recommendation of 2.9, which denotes a ‘Hold’ status. The rating scale varies from 1, indicating a Strong Buy, to 5, signifying Sell.

Looking ahead, GuruFocus estimates a one-year price target for Magna at $55.22, implying an upside potential of 59.73% from the current stock price. The GF Value by GuruFocus reflects the stock’s fair value based on historical multiples and expected business performance.

For further analysis and the complete transcript of the earnings call, additional data can be found on various financial platforms.