Published On: Wed, Oct 19th, 2016

Analyst Coverage: Magna International, Inc. (NYSE:MGA)


Recently stock market analysts have updated their consensus ratings on shares of Magna International, Inc. (NYSE:MGA).

Most recent broker ratings

10/06/2016 – Magna International, Inc. had its “neutral” rating reiterated by analysts at Goldman Sachs. They now have a USD 43 price target on the stock.

09/28/2016 – Magna International, Inc. had its “outperform” rating reiterated by analysts at Macquarie.

08/09/2016 – Magna International, Inc. had its “buy” rating reiterated by analysts at TD Securities. They now have a USD 47 price target on the stock.

08/08/2016 – Magna International, Inc. had its “outperform” rating reiterated by analysts at RBC Capital. They now have a USD 55 price target on the stock.

06/28/2016 – Magna International, Inc. was downgraded to “market perform” by analysts at BMO Capital Markets. They now have a USD 36 price target on the stock.

03/29/2016 – Magna International, Inc. had its “buy” rating reiterated by analysts at Citigroup.

03/17/2016 – Magna International, Inc. had its “overweight” rating reiterated by analysts at Morgan Stanley. They now have a USD 60 price target on the stock.

01/26/2016 – Magna International, Inc. had its “buy” rating reiterated by analysts at Deutsche Bank. They now have a USD 59 price target on the stock.

01/14/2016 – Magna International, Inc. had its “buy” rating reiterated by analysts at Canaccord Genuity. They now have a USD 56 price target on the stock.

12/23/2015 – Susquehanna began new coverage on Magna International, Inc. giving the company a “neutral” rating.

11/06/2015 – Magna International, Inc. was upgraded to “overweight” by analysts at JP Morgan. They now have a USD 61 price target on the stock.

10/01/2015 – Magna International, Inc. had its “sector outperform” rating reiterated by analysts at Scotiabank. They now have a USD 70 price target on the stock.

09/23/2015 – Magna International, Inc. was downgraded to “sector perform” by analysts at CIBC. They now have a USD 52 price target on the stock.

02/27/2015 – Magna International, Inc. had its “outperform” rating reiterated by analysts at Credit Suisse. They now have a USD 127 price target on the stock.

02/26/2015 – Magna International, Inc. had its “neutral” rating reiterated by analysts at Zacks. They now have a USD 116 price target on the stock.

Magna International, Inc. has a 50 day moving average of 41.32 and a 200 day moving average of 40.04. The stock’s market capitalization is 15.61B, it has a 52-week low of 30.41 and a 52-week high of 53.89.

The share price of the company (NYSE:MGA) was down -3.49%, with a high of 41.99during the day and the volume of Magna International, Inc. shares traded was 3079701.

Magna International Inc. (Magna) is an automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. Its product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing. The Company has over 290 manufacturing operations and over 80 product development, engineering and sales centers in approximately 30 countries. The Company’s operating unit, Cosma International, is an automotive supplier that provides a range of body, chassis and engineering solutions. The Company produces a range of body-in-white solutions