In a report released today, Steve Arthur from RBC Capital reiterated a Buy rating on Magna International (NYSE: MGA), with a price target of $74. The company’s shares closed yesterday at $54.39.
Arthur has an average return of 23.8% when recommending Magna International.
According to TipRanks.com, Arthur is ranked #424 out of 4850 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Magna International with a $74 average price target, a 36.1% upside from current levels. In a report released yesterday, Scotiabank also reiterated a Buy rating on the stock with a $80 price target.
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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.
