Wells Fargo analyst Colin Langan maintained a Hold rating on Magna International (MGA – Research Report) today and set a price target of $52.00. The company’s shares closed last Thursday at $54.48.
According to TipRanks, Langan is an analyst with an average return of -6.3% and a 45.28% success rate. Langan covers the Consumer Cyclical sector, focusing on stocks such as Autoliv, BorgWarner, and Dana Holding.
Magna International has an analyst consensus of Hold, with a price target consensus of $60.22.
MGA market cap is currently $15.65B and has a P/E ratio of 12.87.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Magna International (MGA) Company Description:
Magna International, Inc. is a mobility technology company, which supplies to the automotive industry. It operates through the following segments: Body Exteriors and Structures; Power and Vision; Seating Systems; and Complete Vehicles. The Body Exteriors and Structures segment includes body and chassis systems, exterior systems and roof systems operations. The Power and Vision segment comprises of global powertrain systems, electronics systems, mirrors and lighting and mechatronics operations. The Seating Systems segment deals with global seating systems operations. The Complete Vehicles segment focuses on vehicle engineering and manufacturing operations. The company was founded by Frank Stronach in 1957 and is headquartered in Aurora, Canada.
