Magna International (NYSE:MGA) Stock Price Expected to Rise, UBS Group Analyst Says

Magna International (NYSE:MGA - Get Free Report) TSE: MG had its price target upped by investment analysts at UBS Group from $44.00 to $45.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price objective indicates a potential upside of 6.79% from the stock's current price.

A number of other research analysts also recently weighed in on MGA. Evercore ISI lowered their price target on Magna International from $60.00 to $50.00 and set an "in-line" rating on the stock in a report on Monday, July 15th. Citigroup decreased their target price on Magna International from $52.00 to $47.00 and set a "neutral" rating for the company in a research note on Friday, July 12th. Barclays decreased their price target on shares of Magna International from $55.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 6th. BMO Capital Markets lowered their price objective on Magna International from $60.00 to $55.00 and set an "outperform" rating on the stock in a research report on Monday, July 22nd. Finally, The Goldman Sachs Group lowered their target price on shares of Magna International from $44.00 to $41.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $49.76.

Magna International Stock Performance

Shares of MGA traded up $0.17 during mid-day trading on Monday, hitting $42.14. The stock had a trading volume of 1,694,258 shares, compared to its average volume of 1,588,922. The company has a market cap of $12.11 billion, a PE ratio of 12.29, a PEG ratio of 0.63 and a beta of 1.59. The company's fifty day simple moving average is $41.34 and its two-hundred day simple moving average is $43.11. The company has a quick ratio of 0.77, a current ratio of 1.12 and a debt-to-equity ratio of 0.40. Magna International has a fifty-two week low of $38.01 and a fifty-two week high of $60.32.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last posted its earnings results on Friday, November 1st. The company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.20). The company had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.34 billion. Magna International had a net margin of 2.29% and a return on equity of 12.53%. The firm's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the company posted $1.46 earnings per share. On average, equities analysts expect that Magna International will post 5.4 earnings per share for the current year.

Institutional Investors Weigh In On Magna International

Several large investors have recently made changes to their positions in MGA. JARISLOWSKY FRASER Ltd lifted its stake in Magna International by 5.9% in the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 7,148,236 shares of the company's stock valued at $299,543,000 after purchasing an additional 395,745 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Magna International by 35.5% during the first quarter. Russell Investments Group Ltd. now owns 1,102,786 shares of the company's stock worth $60,118,000 after buying an additional 289,105 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Magna International by 616.1% in the 2nd quarter. Quantbot Technologies LP now owns 132,688 shares of the company's stock valued at $5,560,000 after buying an additional 114,160 shares in the last quarter. Millennium Management LLC boosted its position in shares of Magna International by 135.5% during the 2nd quarter. Millennium Management LLC now owns 162,739 shares of the company's stock worth $6,818,000 after acquiring an additional 93,637 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Magna International by 1.9% in the second quarter. Toronto Dominion Bank now owns 1,609,223 shares of the company's stock valued at $67,426,000 after acquiring an additional 30,361 shares during the last quarter. Institutional investors and hedge funds own 67.49% of the company's stock.

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.