Shares of Magna International Inc. (NYSE:MGA) traded at a new 52-week high today of $98.25. So far today approximately 639,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.
Based on a current price of $97.87, Magna International Inc. is currently 3.8% above its average consensus analyst price target of $94.12.
Over the past year, Magna International Inc. has traded in a range of $34.36 to $98.25 and is now at $97.87, 185% above that low.
Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier’s product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contracted vehicle assembly. Roughly half of Magna’s revenue comes from North America while Europe accounts for approximately 44%.
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