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Analysts Offer Insights on Consumer Cyclical Companies: Magna International (MGA) and Trip.com Group Sponsored ADR (TCOM)

Tipranks - Fri Jun 26, 7:16AM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Magna International (MGA) and Trip.com Group Sponsored ADR (TCOM).

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Magna International (MGA)

In a report released today, Colin Langan from Wells Fargo maintained a Hold rating on Magna International, with a price target of $62.00. The company’s shares closed last Wednesday at $64.07.

According to TipRanks.com, Langan has 0 stars on 0-5 stars ranking scale with an average return of -5.0% and a 47.3% success rate. Langan covers the NA sector, focusing on stocks such as Versigent Limited, Dana Incorporated, and General Motors. ;'>

Currently, the analyst consensus on Magna International is a Moderate Buy with an average price target of $62.32, implying a -3.1% downside from current levels. In a report issued on June 10, TipRanks – PerPlexity also downgraded the stock to Hold with a C$100.00 price target.

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Trip.com Group Sponsored ADR (TCOM)

Jefferies analyst Thomas Chong maintained a Buy rating on Trip.com Group Sponsored ADR today and set a price target of $88.00. The company’s shares closed last Wednesday at $46.30.

According to TipRanks.com, Chong is a 4-star analyst with an average return of 8.7% and a 48.1% success rate. Chong covers the NA sector, focusing on stocks such as Tencent Holdings, China Literature, and Meitu. ;'>

Trip.com Group Sponsored ADR has an analyst consensus of Strong Buy, with a price target consensus of $73.60, which is a 62.3% upside from current levels. In a report released today, Mizuho Securities also maintained a Buy rating on the stock with a $65.00 price target.

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