Research Analysts at Citigroup Kept their “Buy” rating for Magna International (MGA). The Price Target is Set to $77; IGas Energy plc (LON:IGAS) Had 3 Bullish Analysts

May 22, 2018 - By Marguerite Chambers

Magna International Inc. (NYSE:MGA) Logo

In analysts report sent to clients and investors on today, Citigroup reiterated their “Buy” rating on Magna International (NYSE:MGA)‘s stock. The target price suggests a potential upside of 15.48% from firm’s last price.

Among 3 analysts covering Igas Energy PLC (LON:IGAS), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Igas Energy PLC had 20 analyst reports since September 11, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, April 5 by Canaccord Genuity. The stock of IGas Energy plc (LON:IGAS) has “Buy” rating given on Tuesday, January 12 by Jefferies. The firm earned “Buy” rating on Thursday, August 24 by Canaccord Genuity. The firm has “Buy” rating given on Wednesday, May 25 by Cantor Fitzgerald. Jefferies maintained IGas Energy plc (LON:IGAS) rating on Friday, September 11. Jefferies has “Buy” rating and GBX 31 target. The company was maintained on Thursday, September 21 by Canaccord Genuity. The rating was maintained by Canaccord Genuity with “Speculative Buy” on Tuesday, October 25. Canaccord Genuity maintained the stock with “Speculative Buy” rating in Thursday, November 26 report. The stock of IGas Energy plc (LON:IGAS) has “Speculative Buy” rating given on Tuesday, January 19 by Canaccord Genuity. Canaccord Genuity maintained the shares of IGAS in report on Wednesday, May 25 with “Speculative Buy” rating. See IGas Energy plc (LON:IGAS) latest ratings:

23/03/2018 Broker: Canaccord Genuity Rating: Buy Old Target: GBX 200.00 New Target: GBX 200.00 Maintain
02/02/2018 Broker: Canaccord Genuity Rating: Buy Old Target: GBX 200.00 New Target: GBX 200.00 Maintain

The stock increased 0.41% or GBX 0.38 during the last trading session, reaching GBX 93.38. About 85,263 shares traded. IGas Energy plc (LON:IGAS) has 0.00% since May 22, 2017 and is . It has underperformed by 11.55% the S&P500.

IGas Energy plc engages in exploring, appraising, developing, and producing gas and oil in Britain. The company has market cap of 113.70 million GBP. It develops and produces gas and oil reserves at onshore locations in the Bowland Basin in the North West of England; the Gainsborough Trough in the East Midlands; the Weald Basin in the southern England; and the northern coastal area of the Inner Moray Firth in Scotland. It has a 7.47 P/E ratio.

The stock increased 0.79% or $0.52 during the last trading session, reaching $66.68. About 416,498 shares traded. Magna International Inc. (NYSE:MGA) has risen 26.62% since May 22, 2017 and is uptrending. It has outperformed by 15.07% the S&P500.

Magna International Inc. designs, develops, and makes automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company has market cap of $23.53 billion. The firm offers engineering and contract manufacturing services, and fuel systems; electric/electronic components and systems; roof systems comprising softtops, retractable hardtops, modular tops, and hardtops; and closures, including latching systems, hinges and wire forming, power closures, electronics, door modules, window systems engineered glass, sealing, trim and roof racks, roof systems, testing centers, and running boards. It has a 11.3 P/E ratio. It also provides interior and exterior mirrors, actuators, electronic vision systems, door handle and overhead console technologies, and front and signal lightings; complete seating systems, mechanism solutions, seat structure solutions, foam and trim products, and design and development solutions; and fascia and exterior trims, liftgate and exterior modules, front end modules, ACTERO active aerodynamics, and lightweight composites.

Among 16 analysts covering Magna International (NYSE:MGA), 11 have Buy rating, 2 Sell and 3 Hold. Therefore 69% are positive. Magna International has $8000 highest and $41.0 lowest target. $63.41’s average target is -4.90% below currents $66.68 stock price. Magna International had 59 analyst reports since August 6, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained Magna International Inc. (NYSE:MGA) on Tuesday, January 16 with “Buy” rating. Evercore initiated Magna International Inc. (NYSE:MGA) on Monday, May 14 with “Buy” rating. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, June 22. The firm has “Buy” rating given on Wednesday, January 10 by RBC Capital Markets. On Monday, August 28 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, January 6. The rating was downgraded by Bank of America on Wednesday, November 9 to “Underperform”. Macquarie Research downgraded Magna International Inc. (NYSE:MGA) on Wednesday, November 9 to “Neutral” rating. The stock of Magna International Inc. (NYSE:MGA) earned “Sell” rating by Goldman Sachs on Monday, October 16. The rating was maintained by RBC Capital Markets on Sunday, October 29 with “Buy”.

More notable recent Magna International Inc. (NYSE:MGA) news were published by: Seekingalpha.com which released: “Magna International: Full Speed Ahead” on May 13, 2018, also Globenewswire.com with their article: “Magna Announces 2018 Annual Meeting Results” published on May 10, 2018, Globenewswire.com published: “Magna Announces Record First Quarter Results” on May 10, 2018. More interesting news about Magna International Inc. (NYSE:MGA) were released by: Globenewswire.com and their article: “Magna Posts Updated Financial Review for 2017” published on May 04, 2018 as well as Globenewswire.com‘s news article titled: “Magna Wins LiDAR Business With BMW Group” with publication date: April 26, 2018.

Analysts await Magna International Inc. (NYSE:MGA) to report earnings on August, 10. They expect $1.73 earnings per share, up 16.89% or $0.25 from last year’s $1.48 per share. MGA’s profit will be $610.56 million for 9.64 P/E if the $1.73 EPS becomes a reality. After $1.84 actual earnings per share reported by Magna International Inc. for the previous quarter, Wall Street now forecasts -5.98% negative EPS growth.

Magna International Inc. (NYSE:MGA) Ratings Chart

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