Scotiabank has raised its FY2026 earnings per share estimate for Magna International to $9.67 from $8.14, also projecting $11.94 EPS for FY2027. This positive revision comes despite Magna International’s stock trading down, with other analysts like BMO and CIBC also upgrading the stock to “Strong Buy,” leading to an overall “Moderate Buy” rating. The company recently reported C$2.99 EPS and C$14.89 billion in revenue for its most recent quarter.
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Scotiabank Lifts Earnings Estimates for Magna International
Scotiabank has raised its FY2026 earnings per share estimate for Magna International to $9.67 from $8.14, also projecting $11.94 EPS for FY2027. This positive revision comes despite Magna International’s stock trading down, with other analysts like BMO and CIBC also upgrading the stock to “Strong Buy,” leading to an overall “Moderate Buy” rating. The company recently reported C$2.99 EPS and C$14.89 billion in revenue for its most recent quarter.