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Magna International (MGA) Receives a Buy from RBC Capital


RBC Capital analyst Steve Arthur reiterated a Buy rating on Magna International (MGA) yesterday and set a price target of $72. The company’s shares opened today at $50.77.

Arthur has an average return of 19.8% when recommending Magna International.

According to TipRanks.com, Arthur is ranked #503 out of 4912 analysts.

Magna International has an analyst consensus of Moderate Buy, with a price target consensus of $62.60, representing a 23.3% upside. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock.

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The company has a one-year high of $67.47 and a one-year low of $45.73. Currently, Magna International has an average volume of 1.55M.

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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.