KeyBanc Thinks Magna International’s Stock is Going to Recover

By Ryan Adsit

KeyBanc analyst Brett Hoselton maintained a Buy rating on Magna International (NYSE: MGA) today and set a price target of $59. The company’s shares closed yesterday at $54.40, close to its 52-week low of $36.77.

According to TipRanks.com, Hoselton is a 5-star analyst with an average return of 20.2% and a 74.8% success rate. Hoselton covers the Industrial Goods sector, focusing on stocks such as Superior Industries International, Metaldyne Performance Group, and Cooper-Standard Holdings.

Magna International has an analyst consensus of Strong Buy, with a price target consensus of $55.75.

The company has a one-year high of $842.96 and a one-year low of $36.77. Currently, Magna International has an average volume of 1.35M.

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Magna International, Inc. designs, develops and manufactures automotive systems, assemblies, modules and components. It assembles complete vehicle, primarily for sale to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America and Africa.