Magna International Inc Stock News

Major automakers and industry suppliers on Wednesday urged Congress to move quickly to pass $52 billion in subsidies for U.S. semiconductor production, according to a letter seen by Reuters.

Magna received a buy rating and a $75 price target when we last covered the stock. We look at the recently released results and the changed guidance.

Magna (MGA) delivered earnings and revenue surprises of 21.90% and 8.57%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

The Zacks Consensus Estimate for Magna's (MGA) Q1 earnings and revenues is pegged at $1.05 per share and $8.88 billion, respectively.

Could these automotive stocks be revving higher anytime soon?

Magna (MGA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Magna (MGA) and LG Electronics announce a JV to launch a new Powertrain facility in Mexico. This is the JV's first foothold in North America.

Let's see if Magna International (MGA) stock is a good choice for value-oriented investors right now from multiple angles.

The market slammed on the brakes last month due to a variety of factors.

AURORA, Ontario, April 08, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)

Magna (MGA) plans to scale up its operations in Ontario by investing in a battery enclosure facility. The investment promises to fuel growth and create around 150 jobs in the area.

Upgrades Bernstein upgraded the previous rating for Stryker Corp (NYSE: SYK ) from Market Perform to Outperform. For the fourth quarter, Stryker had an EPS of $2.71, compared to year-ago quarter EPS of $2.81. At the moment, the stock has a 52-week-high of $281.16 and a 52-week-low of $227.84. Stryker closed at $254.34 at the end of the last trading period. For Edwards Lifesciences Corp (NYSE: EW ), Bernstein upgraded the previous rating of Market Perform to Outperform. Edwards Lifesciences earned $0.51 in the fourth quarter, compared to $0.50 in the year-ago quarter. At the moment, the stock has a 52-week-high of $131.73 and a 52-week-low of $78.44. Edwards Lifesciences closed at $106.15 at the end of the last trading period. According to Morgan Stanley, the prior rating for KE Holdings Inc (NYSE: BEKE ) was changed from Equal-Weight to Overweight. KE Holdings earned $0.01 in the fourth quarter, compared to $0.26 in the year-ago quarter. At the moment, the stock has a 52-week-high of $72.49 and a 52-week-low of $7.31.

Wednesday afternoon''s top analyst upgrades and downgrades included Acadia Pharmaceuticals, Constellation Energy, Edwards Lifesciences, Host Hotels & Resorts, Johnson & Johnson and Magna International.

Frank Klein will come to Rivian from Magna Steyr, a division of Magna International that assembles cars for the global auto industry.

BMO Capital analyst Peter Sklar downgraded Magna International Inc (NYSE: MGA ) t o Market Perform from Outperform with a price target of $63, down from $89, implying an 11% upside. The analyst stated that he had previously seen a possibility of a timely resolution of the Ukraine/Russia conflict, … Full story available on Benzinga.com