Magna International Inc is experiencing a notable surge in its stock price as it gains traction in the automotive supply sector.
Magna International Inc (TSX:MG) is rising today, reflecting positive market sentiment around the company and its strategic focus on electric vehicles (EVs) and advanced driver-assistance systems (ADAS). The stock has increased by 2.20%, closing at CA$93.25, signaling investor confidence in its future growth prospects.
Investor takeaway: Investors may find Magna's focus on operational excellence and its pivot towards EV technology appealing, especially in a market increasingly concerned with sustainability.
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Magna International Inc
MG.TO
MG.TO
Magna International Inc
WealthAwesomeMarket cap
$24.41B
P/E
24.3x
Div. yield
2.17%
Div. / share
$1.97
52W high
$100.87
52W low
$60.33
1W change
-1.49%
Beta
1.81
Analyst Price Targets
Based on analyst covering MG · as of Oct 13, 2026
Wall Street analysts forecast MG stock price to rise 3.9% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$94.82
+3.9% Upside
Previously C$94.71 on Oct 12, 2026
Current Price
C$91.24
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on MG's historical volatility
30-Day Vol
29.8%
Annualized
90-Day Vol
32.6%
Annualized
Trend (90d)
-5.5%
Annualized drift
90d Mean
C$89.45
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$90.64 | C$81.79 – C$100.44 |
| 60 trading days | C$90.04 | C$77.87 – C$104.12 |
| 90 trading days | C$89.45 | C$74.88 – C$106.87 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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CA$93.25
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Magna's stock is currently trading at CA$93.25, reflecting a 2.20% increase in today's session, indicating strong investor interest.
Bull case
With a market cap of CA$24.2 billion and a P/E ratio of 24.27, Magna's investments in EV battery enclosures and ADAS systems position it well for future growth. The company's emphasis on operational efficiency is expected to boost profit margins, making it a strong player in the automotive supply chain.
Bear case
Despite the positive momentum, investors should stay cautious. The automotive sector is very competitive, and any delays in the transition to EVs or challenges in maintaining profit margins could impact Magna's performance. Additionally, global inflation concerns may affect consumer spending in the automotive market.
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