Barclays Maintains Their Hold Rating on Magna International (MGA)

By Ryan Adsit

In a report released yesterday, Brian Johnson from Barclays maintained a Hold rating on Magna International (MGAResearch Report), with a price target of $51. The company’s shares closed yesterday at $47.83.

According to TipRanks.com, Johnson is a 1-star analyst with an average return of -0.9% and a 48.6% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as American Axle, Visteon Corp, and Meritor Inc.

Magna International has an analyst consensus of Hold, with a price target consensus of $53.83.

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Magna International’s market cap is currently $15.4B and has a P/E ratio of 5.85. The company has a Price to Book ratio of 1.34.

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