$MG.TO

Magna International Awarded Driver And Occupant Monitoring System Program With European OEM

Magna International (MG.TO, MGA) was awarded a Driver and Occupant Monitoring System (DMS/OMS) program with a European OEM, it said Tuesday.Magna's mirror-integrated DMS/OMS is designed to add "advanced" driver and occupant awareness capability without increasing interior complexity or visible hardware, it said."The system combines a behind-the-glass camera architecture with software-enabled functionality, with Magna providing the DMS software and system integration support aligned with centralized vehicle compute platforms," said Magna in a statement.Shares of the company closed down 4.5% to $83.05 on Friday on the Toronto Stock Exchange.

Magna Says Awarded Driver and Occupant Monitoring System Program With European OEM

Magna International Price Target Trimmed to US$74.00 at CIBC

CIBC trimmed its price target on Magna International (MG.TO, MGA) by US$2.00 to US$74.00, and maintained its outperformer rating.Magna reported strong first-quarter results, providing further evidence of the company's s solid execution and disciplined approach, writes analyst Ty Collins. He links the negative share price reaction to market factors and some noise within the outlook, which was essentially unchanged, except for a $400 million (1%) reduction to FY sales.While macro risks remain (USMCA, Iran War) Collins believe Magna is well positioned to navigate potential impacts."We continue to see a clear pathway for margin improvement and strong cash flow generation, and view significant share buybacks as supportive."Price: $80.50, Change: $-2.18, Percent Change: -2.64%

Update: Magna Up Near 2% In US Premarket On Q1 Beat, Even With Pared Back FY Sales Forecast

(Adds RBC Capital Markets commentary in paragraphs 5 to 7 inclusive, and updates share price in headline)Magna International (MGA), a global automotive supplier, reported Q1 adjusted earnings Friday of US$1.38 per share, up from $0.78 a year earlier. Analysts polled by FactSet expected $1.02.Sales for the quarter ended March 31 were $10.38 billion, compared with $10.07 billion a year earlier.Analysts polled by FactSet expected $10.36 billion.For 2026, the company continues to expect adjusted EPS of $6.25 to $7.25. Analysts are looking for $6.76.Magna said it now expects full-year sales between $41.5 billion and $43.1 billion, compared with its prior outlook range of $41.9 billion to $43.5 billion. Analysts are looking for $42.65 billion.RBC Capital Markets noted Magna reported Q1 Adjusted EBIT of $558 million, well above consensus of $422M. RBC said the beat was largely driven by P&V, though EBIT came in ahead of consensus across all segments.RBC also noted management cut its 2026 P&V revenue guidance by $300M at the midpoint (withno change to EBIT margins), potentially driven by S&P Global's recent production forecast cuts. The bank said this lowers the 2026 implied EBIT guidance by $25M to $2.665B (midpoint). But RBC added despite the modest guidance cut, its math implies that consensus EBIT for the remainder of 2026 could move higher. "As a result, we would expect a positive, albeit muted reaction to shares given the company did not raise guidance."According to RBC, questions on the earnings call could include: Reasoning behind lowering P&V but not other segments; Factors that drove the Q1 margin performance; Updates to commodity inflation (e.g., DRAM) or freight costs in second half 2026; and any further updates or business wins with Chinese OEMs.

Magna Up Near 0.2% In US Premarket On Q1 Beat, Even With Pared Back FY Sales Forecast

Magna International (MGA), a global automotive supplier, reported Q1 adjusted earnings Friday of US$1.38 per share, up from $0.78 a year earlier. Analysts polled by FactSet expected $1.02.Sales for the quarter ended March 31 were $10.38 billion, compared with $10.07 billion a year earlier.Analysts polled by FactSet expected $10.36 billion.For 2026, the company continues to expect adjusted EPS of $6.25 to $7.25. Analysts are looking for $6.76.Magna said it now expects full-year sales between $41.5 billion and $43.1 billion, compared with its prior outlook range of $41.9 billion to $43.5 billion. Analysts are looking for $42.65 billion.

RBC Confirms Sector-Perform Rating and US$57 Price Target on Magna International Following China Facility Tour

RBC Capital Markets maintained its sector-perform rating and US$57.00 price target on the shares of Magna International (MG.TO, MGA) after a visit to the company's Mechatronics facility in Kinshan, China.The tour was led by Mechatronics Global Senior Vice President Phil Chen, and Head of Testing Yewen Wu, it said.The bank observed a highly automated line serving a long-standing European OEM alongside a less automated line for a newer Chinese domestic OEM, which it believes is a reflection of the uncertainty in recent years around which Chinese brands would ultimately survive and scale."The visit reinforced our conviction that Magna will continue to deepen its penetration with domestic Chinese OEMs," said analyst Tom Narayan. "Rising automation at Magna's China facilities should drive meaningful cost improvements over time."(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $84.70, Change: $+0.05, Percent Change: +0.06%

CIBC Provides its Q1/26 Auto Preview

CIBC Capital Markets released its "Q1/26 Auto Preview".Auto names have been volatile since the start of the Iran War, which has understandably turned the market's focus back to macro risks," noted CIBC."Shares have begun to price in more optimistic outcomes for the conflict, though we worry this could prove premature," said CIBC.CIBC does not believe the risk lies with Q1 results, which it said, do not appear to have been impacted by the war, and which should reflect industry sales and production that fell largely in line with expectations, it noted.CIBC does not expect the suppliers to change guidance with Q1 reporting, but noted "the longer the war endures, the greater the risks become"."We continue to view valuations as undemanding, but macro events will likely continue to create near-term volatility, and we acknowledge elevated risks that lower visibility," said CIBC.Resolutions to the Iran War and USMCA negotiations are "key catalysts for the sector", and would help return attention to positive fundamental developments, added CIBC.CIBC's estimates, ratings and price targets are unchanged, and it said that Linamar (LNR.TO) remains its "top autos pick".Price: $23.28, Change: $+0.25, Percent Change: +1.09%