BMO Capital Markets Increases Magna International (NYSE:MGA) Price Target to $52.00

Magna International (NYSE:MGA) (TSE:MG) had its price objective lifted by analysts at BMO Capital Markets from $49.00 to $52.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 6.17% from the stock’s previous close.

MGA has been the subject of a number of other reports. TD Securities increased their price objective on shares of Magna International from $50.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Royal Bank Of Canada raised their target price on shares of Magna International from $47.00 to $48.00 and gave the company a “sector perform” rating in a report on Monday. Cfra Research upgraded shares of Magna International to a “hold” rating in a research report on Monday, August 4th. Evercore ISI boosted their price target on shares of Magna International from $40.00 to $47.00 and gave the stock an “in-line” rating in a research report on Monday, October 13th. Finally, Citigroup upgraded shares of Magna International to a “hold” rating in a research report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $48.57.

Magna International Trading Down 0.6%

Shares of MGA opened at $48.98 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.16 and a quick ratio of 0.82. Magna International has a 1 year low of $30.39 and a 1 year high of $49.79. The company has a 50 day simple moving average of $46.23 and a two-hundred day simple moving average of $41.55. The firm has a market cap of $13.80 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 1.00 and a beta of 1.53.

Magna International (NYSE:MGA) (TSE:MG) last announced its quarterly earnings data on Friday, October 31st. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.09. Magna International had a net margin of 2.91% and a return on equity of 11.89%. The business had revenue of $10.50 billion during the quarter, compared to analyst estimates of $10.03 billion. During the same period last year, the firm posted $1.28 EPS. The company’s revenue was up 1.8% on a year-over-year basis. Magna International has set its FY 2025 guidance at EPS. On average, equities analysts expect that Magna International will post 5.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MGA. LRI Investments LLC purchased a new position in Magna International during the second quarter worth $27,000. Cromwell Holdings LLC boosted its stake in Magna International by 131.6% during the first quarter. Cromwell Holdings LLC now owns 820 shares of the company’s stock worth $28,000 after buying an additional 466 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in Magna International by 507.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,500 shares of the company’s stock worth $51,000 after buying an additional 1,253 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Magna International by 385.1% during the second quarter. Farther Finance Advisors LLC now owns 1,431 shares of the company’s stock valued at $55,000 after purchasing an additional 1,136 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Magna International by 115.3% during the second quarter. Parallel Advisors LLC now owns 2,498 shares of the company’s stock valued at $96,000 after purchasing an additional 1,338 shares during the period. 67.49% of the stock is owned by hedge funds and other institutional investors.

Magna International Company Profile

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.