Mark Delaney analyst at Goldman Sachs reiterates coverage on Magna International (MGA) in the Industrials sector with a Buy rating. TipRanks.com has Delaney rated as a 4.8 star analyst with a 60% return on investment and a 13.9% success rate. Delaney has set a price target of $68.
TipRanks.com reports that Magna International currently has 5 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $69.80. The target pricing ranges from a high forecast of $80 down to a low forecast of $61. Magna International (MGA)’s last closing price was $58.15 which would put the average price target at 16.42% upside.
In addition, TradingView issued a buy rating for MGA over the next month, Barchart.com has a buy rating and Yahoo! Finance has a Bearish short-term outlook. Remember, securities are volatile, so please do your own research on MGA.
Other analysts covering MGA include:
- Jonathan Goldman of Scotiabank issued a Hold rating with the price target of $61 on 1 day ago
- John Murphy of Bank of America Securities issued a Buy rating with the price target of $80 on 4 days ago
- Colin Langan of Wells Fargo issued a Hold rating with the price target of $66 on 3 weeks ago
- Brian Morrison of TD Securities issued a Buy rating with the price target of $74 on 1 month ago
One resource you need to consider using Tipranks.com where as a premium member you get access to all buy ratings, price targets and insider trading signals. Click here for more on Tipranks.com. Another great tool for charting is TradingView.com, so you might want to check that out too.
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