Short Term Rating on Magna International (MGA)

Magna International (MGA) has an average broker rating of 1.58, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Magna International (MGA) : Average target price received by Magna International (MGA) is $56.46 with an expected standard deviation of $6.22. The most aggressive target on the stock is $63, whereas the most downbeat target is $44. 8 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy.


Magna International (NYSE:MGA): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.20 and $36.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.52, notching a gain of 2.53% for the day. The total traded volume was 2,031,000 . The stock had closed at $35.62 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.

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