Monday, September 15, 2025

Magna: BMO Expects A Poor Quarter After Conducting Channel Checks

Magna International (TSX: MG) is expected to report its third-quarter financial results on November 5th before the market opens. Out of 11 analysts, revenue is expected to be US$7.98 million. Another 11 analysts have a consensus of US$0.60 in earnings per share.

There are 10 analysts covering Magna International with an average 12-month price target of US$106.59. Out of the 10 analysts, 1 has a strong buy rating, 8 have buys and 1 analyst has a hold rating. The street high price target sits at US$126.65 while the lowest comes in at US$82.

In BMO Capital Markets earnings preview they reiterated their Outperform rating but slightly lowered their 12-month price target from US$100 to US$98, saying that they have reduced their third quarter, 2021, and 2022 estimates.

According to BMO’s channel checks, they note that Detroit Three’s production has decreased by 30%, more than their prior 20% estimate. While Western European production decreased by 32% year over year, once again higher than their previous estimate.

They base their forecasts primarily on their North America data which shows that all but one platform has had a decrease in production units year over year. General Motors production has been getting hit the most, which is down between 17 and 93 percent.

The data for Europe does not look that good either, with every single one of Magna’s European platforms being negative on a year-over-year production basis.


Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Green Thumb: Stifel Cuts Price Target To $73

Green Thumb Industries (CSE: GTII) reported its fourth-quarter and full-year financial results earlier this month....

Monday, March 14, 2022, 04:32:00 PM

Analysts Anticipate United Airlines Q2 Revenues Of $5.4 Billion

United Airlines (NASDAQ: UAL) will be reporting their second quarter financial results on July 20th...

Tuesday, July 20, 2021, 03:36:00 PM

Tyson Foods Sees BMO Lower Price Target On Underlying Fundamental Market Issues

This week BMO Capital Markets’ elected to cut both their 12-month price target and as...

Saturday, March 19, 2022, 03:11:00 PM

Kinross Gold: BMO Lifts Price Target On Chirano Mine Sale

Yesterday, Kinross Gold (TSX: K) announced the sale of its Chirano mine in Ghana. The...

Tuesday, April 26, 2022, 03:46:00 PM

Argonaut Gold: Canaccord Slashes Target To $0.65 Following Dilutive Financing

On July 5, Argonaut Gold (TSX: AR) announced that they closed a C$195.3 million offering...

Thursday, July 7, 2022, 11:39:00 AM