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.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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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富國集團分析師Colin Langan維持$曼格納國際 (MGA.US)$持有評級，並將目標價從44美元上調至46美元。
根據TipRanks數據顯示，該分析師近一年總勝率為47.8%，總平均回報率為-6.4%。
此外，綜合報道，$曼格納國際 (MGA.US)$近期主要分析師觀點如下：
季度公告之前，市場情緒一度爲負，但公司表現符合預期，並宣佈回購授權，有助於緩解部分悲觀情緒。分析師仍保持警惕，更傾向於等待更多明確信息，但他們承認這些舉措朝着積極方向發展。
Magna公司在公司第三季度EBIt超出預期後經歷了大約6%的上漲。儘管槓桿比率爲1.9，高於1至1.5倍的目標區間，但公司披露了大量股份回購。全年EBIt預測下降約4%，但仍顯示出大約80個點子的順序改善。公司向其核心業務轉變被認爲是積極的，儘管實現長期目標可能會具有挑戰性。
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