Magna International Inc. (MGA) Is At $56.71 Formed Wedge; Last Week Ryder System, Inc. (R) Analysts

Magna International Inc. (MGA) formed wedge up with $59.55 target or 5.00% above today’s $56.71 share price. Magna International Inc. (MGA) has $19.74 billion valuation. The stock decreased 0.77% or $0.44 during the last trading session, reaching $56.71. About 885,755 shares traded. Magna International Inc. (NYSE:MGA) has risen 15.97% since February 1, 2017 and is uptrending. It has underperformed by 0.73% the S&P500.

Among 11 analysts covering Ryder System Inc. (NYSE:R), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Ryder System Inc. had 26 analyst reports since August 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by KeyBanc Capital Markets given on Tuesday, October 24. RBC Capital Markets maintained Ryder System, Inc. (NYSE:R) on Friday, October 23 with “Top Pick” rating. RBC Capital Markets downgraded it to “Sector Perform” rating and $58.0 target in Thursday, January 7 report. The firm has “Buy” rating given on Wednesday, October 25 by Buckingham Research. Raymond James upgraded it to “Strong Buy” rating and $105 target in Friday, August 28 report. KeyBanc Capital Markets upgraded Ryder System, Inc. (NYSE:R) on Thursday, September 14 to “Overweight” rating. On Friday, April 21 the stock rating was initiated by Seaport Global with “Neutral”. The stock of Ryder System, Inc. (NYSE:R) has “Hold” rating given on Monday, September 4 by Stifel Nicolaus. The stock has “Neutral” rating by Seaport Global on Monday, April 24. Stifel Nicolaus maintained the shares of R in report on Tuesday, October 13 with “Buy” rating. See Ryder System, Inc. (NYSE:R) latest ratings:

18/01/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $86.0 Maintain
03/11/2017 Broker: Robert W. Baird Rating: Buy New Target: $98.0 Maintain
25/10/2017 Broker: Buckingham Research Rating: Buy Old Target: $92 New Target: $93 Maintain
24/10/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $100.0 Maintain
12/10/2017 Broker: JP Morgan Rating: Neutral Old Target: $69 New Target: $82 Maintain
02/10/2017 Broker: Robert W. Baird Rating: Buy New Target: $98.0 Maintain
14/09/2017 Broker: KeyBanc Capital Markets Old Rating: Sector Weight New Rating: Overweight Upgrade
04/09/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $68.0 Maintain
21/08/2017 Broker: Buckingham Research Rating: Buy New Target: $85 Initiates Coverage On

Among 14 analysts covering Magna International (NYSE:MGA), 9 have Buy rating, 1 Sell and 4 Hold. Therefore 64% are positive. Magna International has $75 highest and $41.0 lowest target. $60.29’s average target is 6.31% above currents $56.71 stock price. Magna International had 48 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained Magna International Inc. (NYSE:MGA) on Friday, January 6 with “Outperform” rating. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, October 29. The company was upgraded on Friday, January 12 by Wells Fargo. The company was downgraded on Tuesday, June 28 by BMO Capital Markets. The company was downgraded on Wednesday, November 9 by Macquarie Research. The stock has “Buy” rating by RBC Capital Markets on Friday, June 16. On Thursday, August 6 the stock rating was downgraded by Zacks to “Hold”. On Sunday, September 17 the stock rating was maintained by RBC Capital Markets with “Buy”. On Monday, November 6 the stock rating was maintained by BMO Capital Markets with “Hold”. On Friday, November 6 the stock rating was maintained by RBC Capital Markets with “Outperform”.

Analysts await Magna International Inc. (NYSE:MGA) to report earnings on February, 23. They expect $1.58 earnings per share, up 27.42% or $0.34 from last year’s $1.24 per share. MGA’s profit will be $550.03M for 8.97 P/E if the $1.58 EPS becomes a reality. After $1.36 actual earnings per share reported by Magna International Inc. for the previous quarter, Wall Street now forecasts 16.18% EPS growth.

The stock increased 0.31% or $0.27 during the last trading session, reaching $87.3. About 218,556 shares traded. Ryder System, Inc. (NYSE:R) has declined 4.77% since February 1, 2017 and is downtrending. It has underperformed by 21.47% the S&P500.

Ryder System, Inc. provides transportation and supply chain management solutions to small businesses and large enterprises worldwide. The company has market cap of $4.62 billion. The firm operates through three divisions: Fleet Management Solutions, Dedicated Transportation Solutions, and Supply Chain Solutions. It has a 23.78 P/E ratio. It offers fleet management solutions, including vehicles, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; contract maintenance services; and contract-related maintenance services for trucks, tractors, and trailers.

Since August 4, 2017, it had 0 insider buys, and 1 insider sale for $328,695 activity. $1.90M worth of Ryder System, Inc. (NYSE:R) was sold by SANCHEZ ROBERT E on Friday, August 4. Sensing John S. sold $328,695 worth of stock or 4,502 shares.