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Magna International (MGA) Gets a Hold from RBC Capital

Tipranks - Thu Jan 15, 8:16PM CST

RBC Capital analyst Tom Narayan maintained a Hold rating on Magna International on January 13 and set a price target of $48.00. The company’s shares closed yesterday at C$79.10.

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Narayan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Aptiv, and Stellantis. According to TipRanks, Narayan has an average return of 8.2% and a 50.60% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Magna International with a $54.27 average price target, a -31.39% downside from current levels. In a report released yesterday, UBS also maintained a Hold rating on the stock with a $61.00 price target.

The company has a one-year high of C$79.41 and a one-year low of C$43.25. Currently, Magna International has an average volume of 1.08M.

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