Magna International Receives Consensus Recommendation of “Hold” from Brokerages (TSE:MG)
Shares of Magna International (TSE:MG) have received a consensus recommendation of “Hold” from the ten brokerages that are currently covering the stock, AR Network reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$102.40.
Magna International (TSE:MG) opened at 122.68 on Monday. Magna International has a one year low of $80.52 and a one year high of $125.39. The stock has a 50-day moving average of $120.4 and a 200-day moving average of $111.. The company has a P/E ratio of 15.23.
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.
MG has been the subject of a number of recent research reports. 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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