Shares of Magna International, Inc. (NYSE:MGA) (TSE:MG) have earned a consensus recommendation of “Buy” from the fourteen analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $51.75.

MGA has been the subject of a number of analyst reports. ValuEngine cut Magna International from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. TD Securities raised Magna International from a “hold” rating to a “buy” rating and upped their price target for the stock from $50.00 to $55.00 in a report on Friday, May 12th. BidaskClub raised Magna International from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research cut Magna International from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. Finally, Scotiabank upped their price target on Magna International from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Friday, May 12th.

Several large investors have recently bought and sold shares of the stock. Mckinley Capital Management LLC Delaware bought a new stake in Magna International during the first quarter worth about $173,000. SRS Capital Advisors Inc. raised its stake in Magna International by 16.4% in the first quarter. SRS Capital Advisors Inc. now owns 3,239 shares of the company’s stock worth $139,000 after buying an additional 456 shares during the period. IFP Advisors Inc raised its stake in Magna International by 3.8% in the first quarter. IFP Advisors Inc now owns 3,357 shares of the company’s stock worth $145,000 after buying an additional 124 shares during the period. Advisory Services Network LLC bought a new stake in Magna International during the first quarter worth about $157,000. Finally, Regent Investment Management LLC bought a new stake in Magna International during the second quarter worth about $204,000. Institutional investors and hedge funds own 61.27% of the company’s stock.

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Shares of Magna International (NYSE MGA) traded up 0.32% during mid-day trading on Monday, reaching $47.76. The company had a trading volume of 147,339 shares. Magna International has a 52 week low of $36.77 and a 52 week high of $48.90. The stock has a 50 day moving average of $46.12 and a 200-day moving average of $43.94. The company has a market capitalization of $18.16 billion, a price-to-earnings ratio of 8.73 and a beta of 1.44.

Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings results on Thursday, May 11th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.19. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.13 billion. Magna International had a return on equity of 20.58% and a net margin of 5.76%. Magna International’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 EPS. On average, analysts expect that Magna International will post $5.76 earnings per share for the current fiscal year.

Magna International Company Profile

Magna International Inc (Magna) is a global automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.

Analyst Recommendations for Magna International (NYSE:MGA)

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