What Will Happen to Magna International Inc. Next? The Stock Just Lifted A Lot

 What Will Happen to Magna International Inc. Next? The Stock Just Lifted A Lot

The stock of Magna International Inc. (TSE:MG) is a huge mover today! About 259,223 shares traded hands. Magna International Inc. (TSE:MG) has declined 0.82% since March 24, 2016 and is downtrending. It has underperformed by 4.29% the S&P500.
The move comes after 9 months positive chart setup for the $21.06 billion company. It was reported on Oct, 31 by Barchart.com. We have $75.21 PT which if reached, will make TSE:MG worth $7.79B more.

Another recent and important Magna International Inc. (TSE:MG) news was published by Prnewswire.com which published an article titled: “Magna International Inc. – Notice of Conference Call for Third Quarter 2016 …” on October 18, 2016.

Magna International Inc. is an automotive supplier. The company has a market cap of $21.06 billion. The Company’s divisions are North America, Europe, Asia, Rest of World, and Corporate and Other. It has a 8.27 P/E ratio. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.

MG.TO Company Profile

Magna International Inc. (Magna), incorporated on November 16, 1961, is an automotive supplier. The Company’s divisions are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing. The Firm has over 290 manufacturing activities and over 80 product development, engineering and sales centers in approximately 30 countries.

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