Magna International (MGA) Gets a Buy Rating from J.P. Morgan

J.P. Morgan analyst Ryan Brinkman maintained a Buy rating on Magna International (MGAResearch Report) on July 22 and set a price target of $80.00. The company’s shares closed last Friday at $61.05.

According to, Brinkman is a 1-star analyst with an average return of -0.8% and a 57.4% success rate. Brinkman covers the Industrial Goods sector, focusing on stocks such as Tenneco Automotive, Dana Holding, and BorgWarner.

Magna International has an analyst consensus of Moderate Buy, with a price target consensus of $71.51, which is a 15.4% upside from current levels. In a report issued on July 7, RBC Capital also maintained a Buy rating on the stock with a $76.00 price target.

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Magna International’s market cap is currently $17.82B and has a P/E ratio of 14.47.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MGA in relation to earlier this year.

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Magna International, Inc. is a mobility technology company, which supplies to the automotive industry. It operates through the following segments: Body Exteriors and Structures; Power and Vision; Seating Systems; and Complete Vehicles. The Body Exteriors and Structures segment includes body and chassis systems, exterior systems and roof systems operations. The Power and Vision segment comprises of global powertrain systems, electronics systems, mirrors and lighting and mechatronics operations. The Seating Systems segment deals with global seating systems operations. The Complete Vehicles segment focuses on vehicle engineering and manufacturing operations. The company was founded by Frank Stronach in 1957 and is headquartered in Aurora, Canada.

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