Wells Fargo (NYSE:WFC) analyst Colin Langan maintained a Hold rating on Magna International (NYSE:MGA) on Wednesday, setting a price target of $100, which is approximately 7.14% above the present share price of $93.34.
Langan expects Magna International to post earnings per share (EPS) of $2.04 for the third quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Magna International, with an average price target of $112.55.
The analysts price targets range from a high of $128 to a low of $96.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $10.18 billion and a net profit of $723 million. The company's market cap is $27.42 billion.
According to TipRanks.com, Wells Fargo analyst Colin Langan is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 2.5% and a 60.20% 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.