EPS for Magna International Inc. (MGA) Expected At $1.67 on May, 10

April 17, 2018 - By Mary Markley

Magna International Inc. (NYSE:MGA) Corporate Logo

Magna International Inc. (NYSE:MGA)’s earnings release is awaited by WallStreet on May, 10, according to Faxor. Analysts predict 9.15 % diference or $1.67 from the $1.53 EPS from 2017. If $1.67 is reported, MGA’s profit will hit $575.90M for 9.12 P/E. After $1.57 EPS report last quarter, Wall Street now predicts 6.37 % EPS growth of Magna International Inc.. MGA reached $60.94 on during the last trading session after $0.88 change.Currently Magna International Inc. is uptrending after 26.62% change in last April 17, 2017. MGA has 711,403 shares volume. The stock outperformed the S&P 500 by 15.07%.

Magna International Inc. (NYSE:MGA) Ratings Coverage

Total analysts of 9 have positions in Magna International (NYSE:MGA) as follows: 5 rated it a “Buy”, 1 with “Sell” and 3 with “Hold”. The positive are 56%. Since October 18, 2017 according to StockzIntelligence Inc Magna International has 17 analyst reports. On Wednesday, January 10 the stock of Magna International Inc. (NYSE:MGA) earned “Buy” rating by RBC Capital Markets. On Thursday, February 22 the company was maintained by RBC Capital Markets. On Wednesday, October 18 the stock of Magna International Inc. (NYSE:MGA) earned “Buy” rating by Bank of America. The stock rating was maintained by RBC Capital Markets with “Buy” on Wednesday, January 17. On Thursday, March 22 the firm earned “Sell” rating by Morgan Stanley. On Friday, January 12 Wells Fargo upgraded Magna International Inc. (NYSE:MGA) to “Buy” rating. On Wednesday, March 14 the stock of Magna International Inc. (NYSE:MGA) has “Hold” rating given by Susquehanna. On Monday, November 6 the firm earned “Hold” rating by BMO Capital Markets. On Friday, January 19 the stock of Magna International Inc. (NYSE:MGA) earned “Hold” rating by TD Securities. On Sunday, October 29 RBC Capital Markets maintained Magna International Inc. (NYSE:MGA) rating. RBC Capital Markets has “Buy” rating and $61.0 target.

Magna International Inc. designs, develops, and makes automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America.The firm is worth $21.02 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.10.33 is the 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) Analyst Ratings Chart

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