Scotiabank analyst Jonathan Goldman maintains $Magna International (MGA.US)$ with a hold rating, and adjusts the target price from $50 to $52.
According to TipRanks data, the analyst has a success rate of 52.8% and a total average return of 10.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Magna International (MGA.US)$'s main analysts recently are as follows:
Prior to the quarterly report, sentiment was negative, but the in-line results alongside the announcement of the buyback authorization mitigated some of the pessimistic views. While remaining cautious and seeking greater visibility, it's acknowledged that these initiatives represent a positive move.
Magna's shares experienced an approximate 6% increase following a third-quarter EBIT beat. The company has also announced significant share repurchases despite having a leverage ratio of 1.9, which is above the targeted range of 1 to 1.5 times. While the full-year EBIT guidance was reduced by roughly 4%, it still implies a sequential increase of 80 basis points. The move towards focusing on core operations is viewed positively, but achieving long-term targets is expected to 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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豐業銀行分析師Jonathan Goldman維持$曼格納國際 (MGA.US)$持有評級，並將目標價從50美元上調至52美元。
根據TipRanks數據顯示，該分析師近一年總勝率為52.8%，總平均回報率為10.6%。
此外，綜合報道，$曼格納國際 (MGA.US)$近期主要分析師觀點如下：
在季度報告之前，情緒是負面的，但與回購授權公告一起發佈的符合預期的結果，緩解了一些悲觀觀點。雖然保持謹慎並尋求更多的可見度，但承認這些舉措代表着積極的進展。
Magna的股價在第三季度EBIt超過預期後經歷了約6%的增長。儘管槓桿比率爲1.9，高於1至1.5倍的目標區間，但該公司也宣佈了重大股票回購計劃。雖然全年EBIt指導預期降低了約4%，但仍意味着80個點子的順序增長。轉向專注核心業務的舉措被視爲積極，但實現長期目標預計將具有挑戰性。
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分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
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