Magna International Receives Average Rating of “Hold” from Analysts (TSE:MG)
Shares of Magna International (TSE:MG) have earned a consensus rating of “Hold” from the ten analysts that are currently covering the company, American Banking News reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$102.40.
Shares of Magna International (TSE:MG) opened at 124.01 on Monday. Magna International has a 52 week low of $79.09 and a 52 week high of $125.34. The stock has a 50-day moving average of $119.5 and a 200-day moving average of $110.4. The company has a P/E ratio of 15.31.
Magna International (TSE:MG) last issued its quarterly earnings data on Monday, August 11th. The company reported $2.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.41 by $0.18.
A number of research firms have recently commented on MG. Analysts at TD Securities raised their price target on shares of Magna International from C$125.00 to C$130.00 in a research note on Monday, August 11th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Magna International from C$113.00 to C$118.00 in a research note on Tuesday, June 17th.
Magna International Inc (TSE:MG) is a diversified global automotive supplier.
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