In a report released yesterday, Brian Morrison from TD Securities reiterated a Hold rating on Magna International (NYSE: MGA), with a price target of $63. The company’s shares closed yesterday at $54.39.
Morrison has an average return of 22.9% when recommending Magna International.
According to TipRanks.com, Morrison is ranked #1143 out of 4850 analysts.
Magna International has an analyst consensus of Moderate Buy, with a price target consensus of $74.57.
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The company has a one-year high of $67.47 and a one-year low of $45.37. Currently, Magna International has an average volume of 1.17M.
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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.
