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-0.71| Last Update: 05/23/13 - 10:19 AM EDT |
| Volume: 132,826 |
| YTD Performance: 31.83% |
| Open: $64.69 |
| Previous Close: $65.57 |
| 52 Week Range: $36.54 - $66.71 |
| Oustanding Shares: 232,897,480 |
| Market Cap: 15,357,259,831 |
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| Qtr (06/13) | Qtr (09/13) | FY (12/13) | FY (12/14) | |
|---|---|---|---|---|
| Average Estimate | $1.55 | $1.29 | $5.88 | $6.99 |
| Number of Analysts | 7 | 6 | 9 | 8 |
| High Estimate | $1.67 | $1.44 | $6.05 | $7.41 |
| Low Estimate | $1.40 | $1.21 | $5.59 | $6.70 |
| Prior Year | $1.48 | $1.13 | $5.79 | $5.88 |
| Growth Rate (Year over Year) | 4.54% | 14.16% | 1.61% | 18.83% |
Magna estimates, target boosted at KeybancShares of MGA now seen reaching $79, according to Keybanc. Estimates also upped, following a positive meeting with management. Buy rating.
Here are four auto stocks I recommend for playing the continuing demand for replacement parts, and pent-up demand for new cars.
Magna International upgraded at KeyBancMGA was upgraded to Buy from Hold, KeyBanc said. $61 price target. Strong European light vehicle sales.
The market loves the very companies it disdained just six months ago.
Magna downgraded at CitiMGA was downgraded to Sell, Citigroup said. Valuation call.
Magna estimates, target raised at Credit SuisseShares of MGA now seen reaching $54, according to Credit Suisse. Estimates also increased, given solid earnings momentum. Neutral rating.
A bit of back-and-fill action offers a lower-risk entry opportunity.
Magna downgraded at JP MorganMGA was downgraded to Neutral, JP Morgan said. Valuation call.