Impact of Brokerage Rating on Magna International, Inc.(MGA)

Many Magna International, Inc.(MGA) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Magna International (USA) was Downgraded by TD Securities to Hold on Jan 13, 2017. Company shares were Reiterated by RBC Capital Mkts on Jan 6, 2017 to Outperform, Raises Price Target to $ 56 from a previous price target of $55 .

Magna International (USA) Last issued its quarterly earnings results on Nov 3, 2016. The company reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.09. Analyst had a consensus of $1.20. The company had revenue of $8849.00 million for the quarter, compared to analysts expectations of $8571.45 million. The companys revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS.

Magna International, Inc. (NYSE:MGA) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.83 by 12 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 3 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.

Magna International, Inc. (NYSE:MGA): The mean short term price target for Magna International, Inc. (NYSE:MGA) has been established at $54.52 per share. The higher price target estimate is at $63 and the lower price target estimate is expected at $41 according to 9 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $6.46

Magna International, Inc. (NYSE:MGA) rose 1.19% or 0.53 points on Tuesday and made its way into the gainers of the day. After trading began at $44.77 the stock was seen hitting $45.29 as a peak level and $44.68 as the lowest level. The stock ended up at $45.21. The daily volume was measured at 1,004,001 shares. The 52-week high of the share price is $47.21 and the 52-week low is $32.66. The company has a market cap of $17,379 million.

Magna International, Inc. is an independent supplier of original equipment components, assemblies, modules and systems and related tooling for cars and light trucks. The Company designs, develops and manufactures a diversified range of these products, primarily for North American and European original equipment manufacturers.

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