Magna International (MGA) : Zacks Investment Research ranks Magna International (MGA) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 1.58, which indicates as a Buy.
Magna International (MGA) : 8 investment research analysts covering Magna International (MGA) have an average price target of $56.08 for the near short term. The highest target price given by the Brokerage Firm to the stock is $63 and the lowest target is $47 for the short term. Analysts expect the variance to be within $4.92 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Magna International (NYSE:MGA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.80 and $40.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.06, notching a gain of 1.23% for the day. The total traded volume was 1,104,593 . The stock had closed at $40.56 on the previous day.
Magna International Inc. (Magna) is an automotive supplier with approximately 313 manufacturing operations and over 84 product development, engineering and sales centers in approximately 28 countries. Its product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as vehicle engineering and contract manufacturing. Its customers include General Motors, Fiat-Chrysler, Ford, BMW, Daimler and Volkswagen. Its offers programs, which include Ford Transit; MINI Countryman; Ford F-Series and F-Series Super Duty; QOROS 3; Ford Mustang; BMW X6; Mercedes-Benz M-Class; BMW X4 and Porsche Panamera. The Company operates in North America, Europe and Asia.