Credit Suisse (SIX:CSGN) analyst Dan Levy maintained a Buy rating on Magna International (NYSE:MGA) on Wednesday, setting a price target of $111, which is approximately 18.54% above the present share price of $93.64.
Levy expects Magna International to post earnings per share (EPS) of $2.46 for the second quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Magna International, with an average price target of $97.18.
The analysts price targets range from a high of $111 to a low of $86.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $10.57 billion and a net profit of $1.01 billion. The company's market cap is $28.22 billion.
According to TipRanks.com, Credit Suisse analyst Dan Levy is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 25.7% and a 58.62% success rate.
Magna International, Inc. is a mobility technology company, which supplies to the automotive industry. It operates through the following segments: Body Exteriors and Structures; Power and Vision; Seating Systems; and Complete Vehicles. The Body Exteriors and Structures segment includes body and chassis systems, exterior systems and roof systems operations. The Power and Vision segment comprises of global powertrain systems, electronics systems, mirrors and lighting and mechatronics operations. The Seating Systems segment deals with global seating systems operations. The Complete Vehicles segment focuses on vehicle engineering and manufacturing operations. The company was founded by Frank Stronach in 1957 and is headquartered in Aurora, Canada.