HomeAnalyst RatingsKeyBanc reiterates Magna International rating to Overweight and sets new price...

KeyBanc reiterates Magna International [MGA] rating to Overweight and sets new price target at $86

KeyBanc maintained its Magna International [MGA] rating to the equivalent of Overweight but changed the price target to $86.0 from $72, in a research note dated 2021-01-25. That figure represents around a 13.1% premium from where the company’s shares closed on Friday. Other analysts also revised their coverage, with Morgan Stanley’s analysts downgrading the shares from “an Equal-weight” rating to “an Underweight” rating in a research note to investors issued in early November. Meanwhile, Credit Suisse had raised its rating on MGA to “an Outperform” from the earlier “Neutral”, in a research note produced for clients April 27, 2020. In addition, Goldman launched coverage on April 15, 2020. The research firm rated MGA “a Neutral”.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Is Magna International Inc. [NYSE: MGA] a Good Buy Right Now?

It should be noted that MGA technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Magna International Inc.’s Trend Spotter indicated that the signals were Weakening. The stock current average is 1.85 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 1.31 million shares while the medium-term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.13 million shares.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free


MGA Price Performance

On Wall Street, Magna International Inc. [NYSE:MGA] finished Friday’s session down -1.36% at $76.00. The stock went up to $76.91 at the same session while its lowest single-day price was $75.63. In the last five days, it saw a rise of about 2.12%, Magna International Inc. shares gained by almost 7.34% since the beginning of the year. However, the share price has dropped to as low as -2.05% below its one-year high. On 01/21/21, the company shares recorded $77.59, the highest single-day price it has got to in the last 52-weeks, and a 52-week low was seen on 01/04/21, the same year at $68.30. The company’s shares have inclined by 41.24% in the past year. The 50-day SMA achieved is $66.74 while the 200-day SMA is $51.12. Volume dropped to 0.72 million from 1.36 million in the previous session.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Videos

Must Read

Related News


Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free



Download Free eBook For


100% free. stop anytime no spam