ValuEngine upgraded shares of Magna International (NYSE:MGA) (TSE:MG) from a buy rating to a strong-buy rating in a research report report published on Friday morning.

MGA has been the subject of several other reports. Zacks Investment Research lowered Magna International from a buy rating to a hold rating in a research note on Thursday, October 26th. KeyCorp upped their price target on Magna International from $55.00 to $59.00 and gave the stock a buy rating in a research note on Friday, October 13th. Goldman Sachs Group lowered Magna International from a neutral rating to a sell rating and dropped their price target for the stock from $45.00 to $41.00 in a research note on Monday, October 16th. BMO Capital Markets restated a hold rating on shares of Magna International in a research note on Monday, November 6th. Finally, Macquarie restated an outperform rating and set a $72.00 price target (up from $59.00) on shares of Magna International in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $61.54.

Shares of Magna International (MGA) opened at $54.42 on Friday. The company has a market capitalization of $19,637.99, a PE ratio of 9.70, a price-to-earnings-growth ratio of 0.86 and a beta of 1.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.89 and a current ratio of 1.26. Magna International has a 12 month low of $39.50 and a 12 month high of $59.99.

Magna International (NYSE:MGA) (TSE:MG) last announced its quarterly earnings results on Thursday, November 9th. The company reported $1.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.05. The company had revenue of $9.50 billion during the quarter, compared to analyst estimates of $9.26 billion. Magna International had a return on equity of 19.46% and a net margin of 5.63%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.29 earnings per share. sell-side analysts anticipate that Magna International will post 5.96 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Aperio Group LLC grew its stake in shares of Magna International by 2.9% in the fourth quarter. Aperio Group LLC now owns 365,310 shares of the company’s stock valued at $20,702,000 after buying an additional 10,461 shares in the last quarter. Regent Investment Management LLC grew its stake in shares of Magna International by 79.3% in the fourth quarter. Regent Investment Management LLC now owns 7,350 shares of the company’s stock valued at $416,000 after buying an additional 3,250 shares in the last quarter. Pillar Pacific Capital Management LLC grew its stake in shares of Magna International by 13.8% in the fourth quarter. Pillar Pacific Capital Management LLC now owns 45,385 shares of the company’s stock valued at $2,572,000 after buying an additional 5,505 shares in the last quarter. Boston Advisors LLC grew its stake in shares of Magna International by 59.0% in the fourth quarter. Boston Advisors LLC now owns 25,345 shares of the company’s stock valued at $1,436,000 after buying an additional 9,405 shares in the last quarter. Finally, Cornerstone Investment Partners LLC grew its stake in shares of Magna International by 87.6% in the fourth quarter. Cornerstone Investment Partners LLC now owns 3,223,162 shares of the company’s stock valued at $182,657,000 after buying an additional 1,505,458 shares in the last quarter. Institutional investors and hedge funds own 59.54% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2018/02/05/magna-international-mga-raised-to-strong-buy-at-valuengine.html.

About Magna International

Magna International Inc (Magna) is a global automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Magna International (NYSE:MGA)

Receive News & Ratings for Magna International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magna International and related companies with MarketBeat.com's FREE daily email newsletter.