Magna International Inc (MGA) Stock AnalysisMGAMagna International Inc

Magna International Inc. is a Canada-based mobility technology company. The Company is a supplier of automotive space, specializing in body and chassis, all-wheel drive/front-wheel-drive, transmissions, latches, mirrors and contract vehicle assembly. Its segments include Body Exteriors & Structures, Power & Vision, Seating Systems and Complete Vehicles. Its products include Complete Vehicles, Body & Chassis, Electrical/Electronic, Exterior/Interior and Powertrain. Its Body & Chassis includes battery enclosures and body-in-white solutions. Its Electrical/Electronic includes advanced driver assistance systems and automated driving. Its Electrical/Electronic includes seating, mirrors, lighting, mechatronics. Its Powertrain includes hybrid powertrain, modules and components. Its Complete Vehicles include complete vehicle engineering. Its global network includes approximately 341 manufacturing operations and 106 product development, engineering and sales centers spanning 28 countries. It operates in the Consumer Cyclicals sector (MOTOR VEHICLE PARTS AND ACCESSORIES industry).

Magna International Inc is currently at a price of $63.99, which is below the average analyst price target of $75. However, the RSI is at 43.304, indicating a neutral momentum, and the stock has seen a 5-day change of -0.90%. The forward P/E ratio is 8.05, suggesting it is undervalued compared to its earnings potential. The main risk is the recent downgrade from BMO Capital, which lowered its target from $76 to $70 due to concerns over trade tensions and production volume forecasts.

19 analysts cover MGA: 11 rate it Buy, 6 Hold and 2 Sell. The average price target is 52.80.