Magna International (TSE:MG) Given Hold Rating at Barclays

Magna International (TSE:MGGet Rating) (NYSE:MGA)‘s stock had its “hold” rating reiterated by stock analysts at Barclays in a research note issued on Tuesday, Stock Target Advisor reports. They currently have a C$82.00 price target on the stock. Barclays‘s price objective indicates a potential upside of 5.07% from the stock’s previous close.

A number of other brokerages have also commented on MG. BMO Capital Markets lowered Magna International to a “hold” rating and set a C$63.00 price target on the stock. in a report on Tuesday, March 8th. Citigroup lowered their price target on Magna International from C$117.00 to C$101.00 and set a “buy” rating on the stock in a report on Tuesday, April 5th. Benchmark reissued a “buy” rating and set a C$92.00 price target on shares of Magna International in a report on Monday, February 14th. Credit Suisse Group reissued an “overweight” rating and set a C$78.00 price target on shares of Magna International in a report on Monday. Finally, Raymond James raised Magna International to a “hold” rating and set a C$68.00 price target on the stock in a report on Wednesday, March 16th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from, Magna International currently has a consensus rating of “Buy” and an average price target of C$90.91.

MG stock traded down C$0.17 during mid-day trading on Tuesday, reaching C$78.04. The company had a trading volume of 228,062 shares, compared to its average volume of 1,046,408. The company has a quick ratio of 0.89, a current ratio of 1.30 and a debt-to-equity ratio of 46.41. The stock has a market capitalization of C$23.02 billion and a P/E ratio of 12.19. Magna International has a one year low of C$70.16 and a one year high of C$126.00. The stock’s 50-day simple moving average is C$79.94 and its two-hundred day simple moving average is C$94.99.

Magna International (TSE:MGGet Rating) (NYSE:MGA) last posted its earnings results on Friday, February 11th. The company reported C$1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.04 by C$0.59. The company had revenue of C$11.42 billion during the quarter, compared to the consensus estimate of C$11.19 billion. On average, research analysts forecast that Magna International will post 10.37 EPS for the current fiscal year.

In other news, Director Mary Lou Maher bought 1,000 shares of the stock in a transaction that occurred on Monday, February 14th. The shares were purchased at an average cost of C$97.40 per share, with a total value of C$97,400.00. Following the completion of the acquisition, the director now directly owns 1,950 shares in the company, valued at C$189,930.

Magna International Company Profile (Get Rating)

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.

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