On Nov 05, major Wall Street analysts update their ratings for $Magna International (MGA.US)$, with price targets ranging from $45 to $52.
Barclays analyst Dan Levy maintains with a hold rating, and maintains the target price at $50.
UBS analyst Joseph Spak maintains with a hold rating, and adjusts the target price from $44 to $45.
Wells Fargo analyst Colin Langan maintains with a hold rating, and adjusts the target price from $44 to $46.
Scotiabank analyst Jonathan Goldman maintains with a hold rating, and adjusts the target price from $50 to $52.
Furthermore, according to the comprehensive report, the opinions of $Magna International (MGA.US)$'s main analysts recently are as follows:
Sentiment was initially low leading into the quarter, but the reported results aligned with expectations and the declaration of a buyback authorization helped mitigate some of the negative sentiment. Analysts are adopting a wait-and-see approach until greater clarity emerges, however, they acknowledge these initiatives as a positive progression.
Following Magna's third-quarter earnings shortfall, observations have been made that the company has lowered its forward guidance for FY24 to a figure that remains above the consensus. Despite broader economic challenges, the company has initiated a share repurchase program, underpinned by an improved free cash flow position. This move comes at a time when other suppliers are adjusting their forecasts to below consensus and signaling concerns about future market fluctuations. Although there may be a shift towards positive investor sentiment, caution is advised due to potential macroeconomic difficulties expected in FY25, particularly with original equipment manufacturers (OEMs) scaling back production in the U.S. and Europe.
Magna experienced a 6% increase following a Q3 EBIT beat, and announced significant share buybacks despite a leverage ratio of 1.9-times, which is above the targeted 1-1.5-times range. Although the full year EBIT guidance was reduced by approximately 4%, it still suggests a substantial improvement quarter-over-quarter. The shift towards core operations is regarded positively, yet achieving long-term targets may present challenges.
Here are the latest investment ratings and price targets for $Magna International (MGA.US)$ from 4 analysts:
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美東時間11月5日，多家華爾街大行更新了$曼格納國際 (MGA.US)$的評級，目標價介於45美元至52美元。
巴克萊銀行分析師Dan Levy維持持有評級，維持目標價50美元。
瑞士銀行分析師Joseph Spak維持持有評級，並將目標價從44美元上調至45美元。
富國集團分析師Colin Langan維持持有評級，並將目標價從44美元上調至46美元。
豐業銀行分析師Jonathan Goldman維持持有評級，並將目標價從50美元上調至52美元。
此外，綜合報道，$曼格納國際 (MGA.US)$近期主要分析師觀點如下：
進入本季度初期，情緒低迷，但報告的結果符合預期，並且宣佈回購授權有助於緩解一些消極情緒。分析師採取觀望態度，直到更大的清晰度出現，然而，他們認可這些舉措爲積極進展。
在瑪格納第三季度盈利不佳之後，觀察人士發現公司已將FY24的前瞻指引降至高於共識的水平。儘管面臨更廣泛的經濟挑戰，公司已啓動了一項股份回購計劃，其基礎是改善的自由現金流狀況。這一舉措出現在其他供應商調整其預測至低於共識並表示對未來市場波動的擔憂之際。儘管可能會出現向積極投資者情緒的轉變，但由於預計FY25將面臨潛在的宏觀經濟困難，特別是原始設備製造商(OEMs)正在縮減在美國和歐洲的生產規模，因此建議謹慎。
在Q3 EBIt超出預期後，瑪格納股價上漲了6%，並宣佈進行大規模的股份回購，儘管槓桿比率爲1.9倍，高於目標的1-1.5倍 區間。儘管全年EBIt指引下調約4%，但仍表明季度間顯着改善。轉向核心業務被視爲積極，但實現長期目標可能會面臨挑戰。
以下爲今日4位分析師對$曼格納國際 (MGA.US)$的最新投資評級及目標價：
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