In a report released yesterday, Peter Sklar from BMO Capital reiterated a Buy rating on Magna International (MGA), with a price target of $64. The company’s shares closed yesterday at $54.44.
According to TipRanks.com, Sklar is a 4-star analyst with an average return of 5.8% and a 56.8% success rate. Sklar covers the Services sector, focusing on stocks such as Restaurant Brands International, Loblaw Companies Limited, and Canadian Tire Corp Ltd.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Magna International with a $60.33 average price target, representing a 10.8% upside. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock.
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Magna International’s market cap is currently $18.34B and has a P/E ratio of 8.01. The company has a Price to Book ratio of 1.66.
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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.
