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Magna (NYSE:MGA) Given a Hold Rating at TD Securities. Lost Its Buy Rating

TD Securities Analyst Rating Change Magna NYSE:MGA

Magna (NYSE:MGA) Rating Downgrade

Magna (NYSE:MGA)’s Rating was lowered by analysts at TD Securities from a Buy rating to a Hold rating in a note shared with investors on 19 January.

The firm’s rating downgrade is noticed by investors, as NYSE:MGA is currently trading -0.22% lower at $54.08 as of 4:06 AM New York time. Magna’s stock is 0% in the past 200 days. It has underperformed the S&P 500 Index, which has gained 6.00% in the same time.

Out of 15 analysts covering Magna, 12 rate it a Buy, 6 indicate a Hold while 0 suggest a Sell. The highest target is $76 and the lowest is $42.5 according to Thomson/First Call. The 12-month mean target is $53.83, which means downside potential of 0.46% over the current price.

MGA Stock Chart

Magna (NYSE:MGA) Profile

Magna International Inc. (Magna) is a global automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.

Magna (NYSE:MGA) traded down -0.22% on 19 January, hitting $54.08. A total of 546,445 shares of the company’s stock traded hands. This is down from average of 1.07M shares. Magna has a 52 week low of $39.50 and a 52 week high of $55.76. The company has a market cap of $19.49B and a P/E ratio of 9.65.

Get the latest Magna (NYSE:MGA) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Magna (NYSE:MGA) Given a Hold Rating at TD Securities. Lost Its Buy Rating appeared first on Octafinance.

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Magna (NYSE:MGA) Given a Hold Rating at TD Securities. Lost Its Buy Rating


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