Analysts Set Magna International Inc. (NYSE:MGA) PT at $50.24

Shares of Magna International Inc. (NYSE:MGA - Get Free Report) TSE: MG have been given a consensus rating of "Hold" by the nineteen analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $50.24.

MGA has been the subject of several recent research reports. Scotiabank cut their target price on shares of Magna International from $52.00 to $49.00 and set a "sector perform" rating for the company in a research report on Monday, January 27th. TD Securities cut their price objective on shares of Magna International from $52.00 to $50.00 and set a "buy" rating for the company in a research report on Monday, January 27th. StockNews.com raised Magna International from a "hold" rating to a "buy" rating in a report on Monday, November 4th. The Goldman Sachs Group lowered Magna International from a "neutral" rating to a "sell" rating and cut their price target for the company from $42.00 to $41.00 in a report on Wednesday, December 11th. Finally, Wolfe Research raised Magna International from an "underperform" rating to a "peer perform" rating in a research note on Thursday, December 5th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MGA. Toronto Dominion Bank raised its position in Magna International by 1.2% during the third quarter. Toronto Dominion Bank now owns 1,627,927 shares of the company's stock valued at $66,810,000 after purchasing an additional 18,704 shares during the period. Quantbot Technologies LP increased its position in shares of Magna International by 12.5% during the 3rd quarter. Quantbot Technologies LP now owns 149,327 shares of the company's stock valued at $6,128,000 after purchasing an additional 16,639 shares during the last quarter. DGS Capital Management LLC raised its holdings in Magna International by 111.0% during the 4th quarter. DGS Capital Management LLC now owns 21,048 shares of the company's stock valued at $880,000 after buying an additional 11,072 shares during the period. Geode Capital Management LLC lifted its position in Magna International by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,151,759 shares of the company's stock worth $46,799,000 after buying an additional 32,000 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Magna International by 37.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,111 shares of the company's stock worth $46,000 after buying an additional 301 shares during the period. Institutional investors own 67.49% of the company's stock.

Magna International Stock Performance

Shares of Magna International stock traded down $0.13 during trading hours on Friday, reaching $39.06. 989,348 shares of the stock traded hands, compared to its average volume of 1,638,580. Magna International has a one year low of $35.05 and a one year high of $56.12. The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 0.60 and a beta of 1.61. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average price of $41.42 and a 200 day moving average price of $41.74.

About Magna International

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.