Magna International (MGA) has risen sharply, recording gains of 4.41% in the past 4 weeks. However, the stock has corrected -0.57% in the past 1 week, providing a good buying opportunity on dips. Magna International (MGA) : Traders are bullish on Magna International (MGA) as it has outperformed the S&P 500 by a wide margin of 4.63% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.09%, relative to the S&P 500.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.48% and the fifty day Moving Average is 5.98%. Magna International Inc. has dropped 0.49% during the last three month period . Year-to-Date the stock performance stands at 1.17%.
Magna International (MGA) : 8 investment research analysts covering Magna International (MGA) have an average price target of $56.08 for the near short term. The highest target price given by the Brokerage Firm to the stock is $63 and the lowest target is $47 for the short term. Analysts expect the variance to be within $4.92 of the average price.
Magna International (NYSE:MGA): stock turned positive on Friday. Though the stock opened at $40.25, the bulls momentum made the stock top out at $40.71 level for the day. The stock recorded a low of $40.09 and closed the trading day at $40.27, in the green by 0.25%. The total traded volume for the day was 804,954. The stock had closed at $40.17 in the previous days trading.
Magna International Inc. (Magna) is an automotive supplier with approximately 313 manufacturing operations and over 84 product development, engineering and sales centers in approximately 28 countries. Its product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as vehicle engineering and contract manufacturing. Its customers include General Motors, Fiat-Chrysler, Ford, BMW, Daimler and Volkswagen. Its offers programs, which include Ford Transit; MINI Countryman; Ford F-Series and F-Series Super Duty; QOROS 3; Ford Mustang; BMW X6; Mercedes-Benz M-Class; BMW X4 and Porsche Panamera. The Company operates in North America, Europe and Asia.