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Wells Fargo Sticks to Its Buy Rating for Magna International (MGA)


In a report released yesterday, Rich Kwas from Wells Fargo maintained a Buy rating on Magna International (MGA). The company’s shares closed yesterday at $51.92.

According to TipRanks.com, Kwas is a 4-star analyst with an average return of 7.6% and a 62.4% success rate. Kwas covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Tower International, and Tenneco Automotive.

Magna International has an analyst consensus of Moderate Buy, with a price target consensus of $62.33.

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Magna International’s market cap is currently $17.96B and has a P/E ratio of 7.94. The company has a Price to Book ratio of 1.61.

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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.