$1.68 EPS Expected for Magna International Inc. (MGA)

April 23, 2018 - By Darrin Black

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. As per Thursday, March 22, the company rating was downgraded by Morgan Stanley. RBC Capital Markets maintained Magna International Inc. (NYSE:MGA) on Wednesday, January 10 with “Buy” rating. BMO Capital Markets maintained Magna International Inc. (NYSE:MGA) on Monday, November 6 with “Hold” rating. The firm has “Buy” rating given on Friday, March 16 by Bank of America. The stock of Magna International Inc. (NYSE:MGA) earned “Buy” rating by RBC Capital Markets on Thursday, February 22. KeyBanc Capital Markets maintained it with “Buy” rating and $65.0 target in Tuesday, January 16 report. The stock has “Hold” rating by Susquehanna on Wednesday, March 14. As per Friday, January 19, the company rating was downgraded by TD Securities. The firm has “Buy” rating given on Friday, January 12 by Wells Fargo. RBC Capital Markets maintained it with “Buy” rating and $70.0 target in Wednesday, January 17 report.

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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