Magna International Sets New 1-Year High at $88.98 (MGA)
Magna International (NYSE:MGA) set a new 52-week high during trading on Wednesday, AmericanBankingNews.com reports. The stock traded as high as $88.98 and last traded at $88.68, with a volume of 473,504 shares. The stock had previously closed at $87.46.
A number of analysts have recently weighed in on MGA shares. Analysts at RBC Capital raised their price target on shares of Magna International from $93.00 to $101.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Magna International from $78.00 to $85.00 in a research note to investors on Friday, November 22nd. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “positive” rating on shares of Magna International in a research note to investors on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Magna International has an average rating of “Hold” and an average target price of $88.88.
Magna International has a one year low of $50.77 and a one year high of $88.98. The stock’s 50-day moving average is $81.5 and its 200-day moving average is $81.11. The company has a market cap of $19.823 billion and a price-to-earnings ratio of 14.04.
Magna International (NYSE:MGA) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.35 by $0.04. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the company posted $1.66 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts predict that Magna International will post $6.39 earnings per share for the current fiscal year.
Magna International Inc (NYSE:MGA) is a diversified global automotive supplier.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.