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Magna International (NYSE:MGA)‘s stock had its “neutral” rating restated by investment analysts at Citigroup Inc. in a note issued to investors on Tuesday. They currently have a $120.00 target price on the stock, up from their previous target price of $107.00. Citigroup Inc.’s price target points to a potential upside of 7.46% from the company’s current price.

Shares of Magna International (NYSE:MGA) traded down 0.29% on Tuesday, hitting $111.35. The stock had a trading volume of 201,188 shares. Magna International has a 52 week low of $75.45 and a 52 week high of $112.85. The stock’s 50-day moving average is $109.2 and its 200-day moving average is $99.52. The company has a market cap of $23.640 billion and a price-to-earnings ratio of 14.93.

Magna International (NYSE:MGA) last released its earnings data on Friday, August 8th. The company reported $2.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.22 by $0.10. The company had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $9.36 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts expect that Magna International will post $8.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, August 27th.

A number of other analysts have also recently weighed in on MGA. Analysts at KeyCorp reiterated a “buy” rating on shares of Magna International in a research note on Monday. They now have a $130.00 price target on the stock, up previously from $115.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Magna International in a research note on Monday. They now have a $102.00 price target on the stock, up previously from $98.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Magna International in a research note on Monday. They now have a $117.00 price target on the stock. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $112.15.

Magna International Inc (NYSE:MGA) is a diversified global automotive supplier.

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