Barclays analyst Brian Johnson maintained a Hold rating on Magna International (MGA) on January 4 and set a price target of $50. The company’s shares closed on Friday at $45.54, close to its 52-week low of $42.88.
According to TipRanks.com, Johnson is a 3-star analyst with an average return of 1.7% and a 47.8% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as American Axle, Visteon Corp, and Meritor Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Magna International with a $66 average price target.
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The company has a one-year high of $67.47 and a one-year low of $42.88. Currently, Magna International has an average volume of 1.44M.
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Magna International, Inc. designs, develops and manufactures automotive systems, assemblies, modules and components. It assembles complete vehicle, primarily for sale to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America and Africa.
