Magna International (NYSE:MGA) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.55 by 11 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Major Brokerage house, Morgan Stanley maintains its ratings on Magna International (NYSE:MGA). In the latest research report, Morgan Stanley lowers the target price from $71 per share to $60 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on March 17, 2016.
Magna International (NYSE:MGA): The mean estimate for the short term price target for Magna International (NYSE:MGA) stands at $59.95 according to 7 Analysts. The higher price target estimate for the stock has been calculated at $63 while the lower price target estimate is at $55.
Magna International (NYSE:MGA) witnessed a decline in the market cap on Tuesday as its shares dropped 1.46% or 0.58 points. After the session commenced at $39.54, the stock reached the higher end at $39.56 while it hit a low of $38.91. With the volume soaring to 1,266,058 shares, the last trade was called at $39.04. The company has a 52-week high of $58.34. The company has a market cap of $15,487 million and there are 396,696,160 shares in outstanding. The 52-week low of the share price is $30.41.
Shares of Magna International Inc. appreciated by 0.31% during the last five trading days but lost 0.77% on a 4-week basis. Magna International Inc. has dropped 7.43% during the last 3-month period . Year-to-Date the stock performance stands at -2.53%.
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.