Magna International (NYSE:MGA) Given New $41.00 Price Target at UBS Group

Magna International (NYSE:MGA - Get Free Report) TSE: MG had its price target dropped by equities researchers at UBS Group from $44.00 to $41.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's target price would indicate a potential upside of 7.75% from the stock's current price.

Several other brokerages have also commented on MGA. The Goldman Sachs Group lowered shares of Magna International from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $42.00 to $41.00 in a research report on Wednesday, December 11th. Barclays decreased their price target on shares of Magna International from $50.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday. Royal Bank of Canada raised shares of Magna International from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $41.00 to $52.00 in a report on Friday, January 24th. StockNews.com upgraded Magna International from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Finally, Scotiabank dropped their price target on Magna International from $52.00 to $49.00 and set a "sector perform" rating on the stock in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Magna International presently has a consensus rating of "Hold" and a consensus price target of $48.88.

Magna International Stock Down 1.8 %

NYSE MGA traded down $0.71 on Tuesday, hitting $38.05. The stock had a trading volume of 837,459 shares, compared to its average volume of 2,073,175. The business's fifty day moving average price is $40.45 and its 200 day moving average price is $41.54. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 0.63 and a beta of 1.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.08 and a quick ratio of 0.77. Magna International has a 52-week low of $35.05 and a 52-week high of $56.12.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last announced its earnings results on Friday, February 14th. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.23. Magna International had a return on equity of 12.78% and a net margin of 2.36%. The firm had revenue of $10.63 billion for the quarter, compared to the consensus estimate of $10.32 billion. During the same period in the previous year, the business earned $1.33 EPS. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. Equities research analysts anticipate that Magna International will post 5.87 earnings per share for the current year.

Institutional Investors Weigh In On Magna International

Several hedge funds have recently modified their holdings of MGA. 1620 Investment Advisors Inc. increased its stake in shares of Magna International by 3.6% in the 4th quarter. 1620 Investment Advisors Inc. now owns 7,856 shares of the company's stock valued at $328,000 after purchasing an additional 276 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Magna International by 37.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,111 shares of the company's stock valued at $46,000 after buying an additional 301 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Magna International by 43.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,036 shares of the company's stock worth $43,000 after buying an additional 312 shares during the period. Avior Wealth Management LLC lifted its position in shares of Magna International by 2,400.0% during the 4th quarter. Avior Wealth Management LLC now owns 625 shares of the company's stock valued at $26,000 after buying an additional 600 shares in the last quarter. Finally, LRI Investments LLC grew its stake in Magna International by 2,126.5% in the 4th quarter. LRI Investments LLC now owns 757 shares of the company's stock valued at $32,000 after acquiring an additional 723 shares during the period. 67.49% of the stock is owned by hedge funds and other institutional investors.

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.