Magna International Inc. (MGA) Analysts See $1.68 EPS

April 23, 2018 - By Nellie Frank

Magna International Inc. (NYSE:MGA) Logo

Analysts expect Magna International Inc. (NYSE:MGA) to report $1.68 EPS on May, 10.They anticipate $0.15 EPS change or 9.80 % from last quarter’s $1.53 EPS. MGA’s profit would be $579.35 million giving it 8.78 P/E if the $1.68 EPS is correct. After having $1.57 EPS previously, Magna International Inc.’s analysts see 7.01 % EPS growth. The stock increased 0.86% or $0.5 during the last trading session, reaching $58.97. About 949,483 shares traded. Magna International Inc. (NYSE:MGA) has risen 26.62% since April 23, 2017 and is uptrending. It has outperformed by 15.07% the S&P500.

Magna International Inc. (NYSE:MGA) Ratings Coverage

Among 9 analysts covering Magna International (NYSE:MGA), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Magna International had 16 analyst reports since October 29, 2017 according to SRatingsIntel. The stock of Magna International Inc. (NYSE:MGA) earned “Buy” rating by Bank of America on Friday, March 16. The stock has “Hold” rating by BMO Capital Markets on Monday, November 6. The company was maintained on Tuesday, January 16 by KeyBanc Capital Markets. On Thursday, March 22 the stock rating was downgraded by Morgan Stanley to “Sell”. Susquehanna maintained the stock with “Hold” rating in Wednesday, March 14 report. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, January 17. On Friday, January 12 the stock rating was upgraded by Wells Fargo to “Buy”. As per Thursday, February 22, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating given on Sunday, October 29 by RBC Capital Markets. The company was maintained on Wednesday, January 10 by RBC Capital Markets.

Magna International Inc. designs, develops, and makes automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company has market cap of $20.34 billion. The firm offers engineering and contract manufacturing services, and fuel systems; electric/electronic components and systems; roof systems comprising softtops, retractable hardtops, modular tops, and hardtops; and closures, including latching systems, hinges and wire forming, power closures, electronics, door modules, window systems engineered glass, sealing, trim and roof racks, roof systems, testing centers, and running boards. It has a 9.99 P/E ratio. It also provides interior and exterior mirrors, actuators, electronic vision systems, door handle and overhead console technologies, and front and signal lightings; complete seating systems, mechanism solutions, seat structure solutions, foam and trim products, and design and development solutions; and fascia and exterior trims, liftgate and exterior modules, front end modules, ACTERO active aerodynamics, and lightweight composites.

Magna International Inc. (NYSE:MGA) Ratings Chart

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