Wells Fargo analyst Colin Langan maintains $Magna International (MGA.US)$ with a hold rating, and adjusts the target price from $44 to $46.
According to TipRanks data, the analyst has a success rate of 47.8% and a total average return of -6.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Magna International (MGA.US)$'s main analysts recently are as follows:
Sentiment was initially negative prior to the quarterly announcement, but the company's performance in line with expectations and the declaration of a buyback authorization helped to mitigate some of the pessimistic sentiment. Analysts remain watchful, preferring to wait for greater clarity, however, they acknowledge that these measures are moving in a positive direction.
Magna experienced a rise of approximately 6% following the company's Q3 EBIT surpassing expectations. Despite a leverage ratio of 1.9, higher than the targeted range of 1 to 1.5 times, the company disclosed significant share repurchases. The full-year EBIT forecast saw an approximate 4% reduction, yet it still suggests a sequential improvement of around 80 basis points. The company's pivot towards its core operations is seen positively, although achieving the long-term objectives may be challenging.
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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富国集团分析师Colin Langan维持$曼格纳国际 (MGA.US)$持有评级，并将目标价从44美元上调至46美元。
根据TipRanks数据显示，该分析师近一年总胜率为47.8%，总平均回报率为-6.4%。
此外，综合报道，$曼格纳国际 (MGA.US)$近期主要分析师观点如下：
季度公告前情绪起初是负面的，但公司表现符合预期，宣布回购授权有助于缓解部分悲观情绪。分析师仍然谨慎观望，倾向等待更明确的信息，然而，他们承认这些举措是朝着积极方向发展的。
Magna公司Q3 EBIt超出预期，股价上涨约6%。尽管杠杆率为1.9，高于目标区间1至1.5倍，公司披露了大量股票回购。全年EBIt预测略有下降约4%，但仍表明基点约80的顺序改善。公司转向其核心业务被视为积极的，尽管实现长期目标可能具有挑战性。
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