{"id":41392,"date":"2023-10-11T20:28:03","date_gmt":"2023-10-11T20:28:03","guid":{"rendered":"https:\/?p=41392"},"modified":"2023-10-11T20:40:15","modified_gmt":"2023-10-11T20:40:15","slug":"magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/","title":{"rendered":"Magna International Inc: Citigroup (Rank#14) Cuts Target Forecast to $79"},"content":{"rendered":"<h2>Analyst Ratings Coverage<\/h2>\n<p><a href=\"https:\/\/www.stocktargetadvisor.com\/Analyst-Ranking\/Citigroup\">Citigroup (Rank#14)<\/a> cuts 12 month target on Magna to $79 from $83, and maintains the &#8220;Neutral&#8221; rating on the stock.<\/p>\n<p><!-- STA Widget BEGIN --><\/p>\n<div>\n<div class=\"sta-analyst-rating-widget-display\">\n<p><a style=\"text-decoration: none; color: #4b6db5 !important;\" href=\"https:\/\/www.stocktargetadvisor.com\/stock\/Canada\/TSX\/MG\" target=\"_blank\" rel=\"noopener\">MG:CA Ratings<\/a> by Stock Target Advisor<\/p>\n<\/div>\n<p><script class=\"analyst-rating\" type=\"text\/javascript\" src=\"https:\/\/www.stocktargetadvisor.com\/assets\/js\/analyst_rating_widget.js\" data-symbol=\"MG:CA\" data-theme=\"wt_bg_light\" data-uid=\"1951580306527055b14e616527055b14e62\" data-width=\"900\" >\n\t\t<\/script><\/p>\n<\/div>\n<h2><strong>Magna International Inc:\u00a0<\/strong><\/h2>\n<p><a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/Canada\/TSX\/MG\/analyst-rating\">Magna International Inc,<\/a> a prominent global automotive supplier, has been a subject of keen interest for investors, with insights from 13 analysts painting a diverse yet optimistic picture. As we delve into the analysis of the company&#8217;s stock forecast, ratings, and recent performance, we can discern a pattern of resilience and potential for growth.<\/p>\n<p><strong>Analyst Predictions and Ratings<\/strong><\/p>\n<p>The stock forecast for Magna International Inc, based on the insights of 13 analysts, indicates an average analyst target price of CAD 81.02 over the next 12 months. This forecast portrays a sense of optimism, suggesting room for the stock&#8217;s value to appreciate. It represents an enticing opportunity for investors aiming to capitalize on the company&#8217;s future prospects.<\/p>\n<p>Magna International Inc enjoys an average analyst rating of &#8220;Buy.&#8221; This rating suggests a favorable consensus among analysts regarding the stock&#8217;s potential for growth. A &#8220;Buy&#8221; recommendation is often reflective of a belief in the company&#8217;s ability to deliver returns for investors.<\/p>\n<p><strong>Stock Target Advisor&#8217;s Analysis<\/strong><\/p>\n<p><a href=\"https:\/\/www.stocktargetadvisor.com\/\">Stock Target Advisor<\/a> provides its own perspective on Magna International Inc&#8217;s stock. Their analysis categorizes the stock as &#8220;Neutral,&#8221; derived from an evaluation of six positive signals and seven negative signals. This implies a balanced stance, with both positive and negative factors contributing to the company&#8217;s outlook.<\/p>\n<p><strong>Recent Stock Performance<\/strong><\/p>\n<p>Magna International Inc&#8217;s recent stock performance reveals a company that has navigated market fluctuations adeptly. At the last closing, the stock was valued at CAD 73.44. In the past week, the stock price exhibited an increase of +2.93%. While there was a slight dip of -6.06% over the past month, the stock demonstrated a commendable rise of +10.44% over the last year.<\/p>\n<p><strong>Navigating Market Dynamics<\/strong><\/p>\n<p>The diverse signals surrounding Magna International Inc reflect the dynamic nature of the automotive industry and global economic conditions. As an automotive supplier, the company is influenced by factors such as consumer demand, industry trends, and global supply chain dynamics.<\/p>\n<p>Magna International Inc&#8217;s resilience can be attributed to its innovative approaches, strategic partnerships, and diversified product portfolio. It has made significant strides in areas like electric vehicle components, which are in high demand as the automotive industry undergoes a transformation toward sustainability.<\/p>\n<p><b>Final Stock Analysis<\/b><\/p>\n<p><a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/Canada\/TSX\/MG\">Magna International Inc&#8217;s<\/a> stock forecast, analyst ratings, and performance showcase a company that has successfully navigated diverse market signals. While the stock is rated as &#8220;Buy&#8221; by analysts and exhibits signs of both positivity and negativity in its analysis, it remains a compelling option for investors. However, it&#8217;s essential for investors to conduct thorough research and consider their investment objectives and risk tolerance before making decisions. In an ever-evolving market, Magna International Inc appears poised for a steady path forward, leveraging its strengths and global presence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analyst Ratings Coverage Citigroup (Rank#14) cuts 12 month target on Magna to $79 from $83, and maintains the &#8220;Neutral&#8221; rating on the stock. MG:CA Ratings&#8230;<\/p>\n","protected":false},"author":3,"featured_media":39497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-41392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Magna International Inc: Citigroup (Rank#14) Cuts Target Forecast to $79 | Stock Target Advisor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Magna International Inc: Citigroup (Rank#14) Cuts Target Forecast to $79\" \/>\n<meta property=\"og:description\" content=\"Analyst Ratings Coverage Citigroup (Rank#14) cuts 12 month target on Magna to $79 from $83, and maintains the &#8220;Neutral&#8221; rating on the stock. MG:CA Ratings...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/\" \/>\n<meta property=\"og:site_name\" content=\"Stock Target Advisor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/StockTargetAdvisor\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-11T20:28:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-11T20:40:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2023\/09\/magna-intl.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"STA Research\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AdvisorTarget\" \/>\n<meta name=\"twitter:site\" content=\"@AdvisorTarget\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"STA Research\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/\"},\"author\":{\"name\":\"STA Research\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/person\/e15ebb81d4f6861fcecbe1abc54e1cae\"},\"headline\":\"Magna International Inc: Citigroup (Rank#14) Cuts Target Forecast to $79\",\"datePublished\":\"2023-10-11T20:28:03+00:00\",\"dateModified\":\"2023-10-11T20:40:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/\"},\"wordCount\":480,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#organization\"},\"articleSection\":[\"Market News &amp; Insights\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/\",\"url\":\"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/\",\"name\":\"Magna International Inc: Citigroup (Rank#14) Cuts Target Forecast to $79 | Stock Target Advisor\",\"isPartOf\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#website\"},\"datePublished\":\"2023-10-11T20:28:03+00:00\",\"dateModified\":\"2023-10-11T20:40:15+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.stocktargetadvisor.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Magna International Inc: Citigroup (Rank#14) Cuts Target Forecast to $79\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#website\",\"url\":\"https:\/\/www.stocktargetadvisor.com\/blog\/\",\"name\":\"Stock Target Advisor\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.stocktargetadvisor.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#organization\",\"name\":\"Stock Target Advisor\",\"alternateName\":\"STA\",\"url\":\"https:\/\/www.stocktargetadvisor.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"http:\/\/stocktargetadvisor.com\/wp-content\/uploads\/2019\/10\/STAlogo.jpeg\",\"contentUrl\":\"http:\/\/stocktargetadvisor.com\/wp-content\/uploads\/2019\/10\/STAlogo.jpeg\",\"width\":\"225\",\"height\":\"225\",\"caption\":\"Stock Target Advisor\"},\"image\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/StockTargetAdvisor\/\",\"https:\/\/twitter.com\/AdvisorTarget\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/person\/e15ebb81d4f6861fcecbe1abc54e1cae\",\"name\":\"STA Research\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/13a95c75b44f95ead23f47f0bf10667e57b44ec5150180c8a39a39361cf56169?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/13a95c75b44f95ead23f47f0bf10667e57b44ec5150180c8a39a39361cf56169?s=96&d=mm&r=g\",\"caption\":\"STA Research\"},\"description\":\"STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.\",\"url\":\"https:\/\/www.stocktargetadvisor.com\/blog\/author\/sta-research\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Magna International Inc: Citigroup (Rank#14) Cuts Target Forecast to $79 | Stock Target Advisor","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/","og_locale":"en_US","og_type":"article","og_title":"Magna International Inc: Citigroup (Rank#14) Cuts Target Forecast to $79","og_description":"Analyst Ratings Coverage Citigroup (Rank#14) cuts 12 month target on Magna to $79 from $83, and maintains the &#8220;Neutral&#8221; rating on the stock. MG:CA Ratings...","og_url":"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/","og_site_name":"Stock Target Advisor","article_publisher":"https:\/\/www.facebook.com\/StockTargetAdvisor\/","article_published_time":"2023-10-11T20:28:03+00:00","article_modified_time":"2023-10-11T20:40:15+00:00","og_image":[{"width":900,"height":900,"url":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2023\/09\/magna-intl.jpg","type":"image\/jpeg"}],"author":"STA Research","twitter_card":"summary_large_image","twitter_creator":"@AdvisorTarget","twitter_site":"@AdvisorTarget","twitter_misc":{"Written by":"STA Research","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/#article","isPartOf":{"@id":"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/"},"author":{"name":"STA Research","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/person\/e15ebb81d4f6861fcecbe1abc54e1cae"},"headline":"Magna International Inc: Citigroup (Rank#14) Cuts Target Forecast to $79","datePublished":"2023-10-11T20:28:03+00:00","dateModified":"2023-10-11T20:40:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/"},"wordCount":480,"commentCount":0,"publisher":{"@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#organization"},"articleSection":["Market News &amp; Insights"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/","url":"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/","name":"Magna International Inc: Citigroup (Rank#14) Cuts Target Forecast to $79 | Stock Target Advisor","isPartOf":{"@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#website"},"datePublished":"2023-10-11T20:28:03+00:00","dateModified":"2023-10-11T20:40:15+00:00","breadcrumb":{"@id":"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/magna-international-inc-citigroup-rank14-cuts-target-forecast-to-79\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.stocktargetadvisor.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Magna International Inc: Citigroup (Rank#14) Cuts Target Forecast to $79"}]},{"@type":"WebSite","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#website","url":"https:\/\/www.stocktargetadvisor.com\/blog\/","name":"Stock Target Advisor","description":"","publisher":{"@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.stocktargetadvisor.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#organization","name":"Stock Target Advisor","alternateName":"STA","url":"https:\/\/www.stocktargetadvisor.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/logo\/image\/","url":"http:\/\/stocktargetadvisor.com\/wp-content\/uploads\/2019\/10\/STAlogo.jpeg","contentUrl":"http:\/\/stocktargetadvisor.com\/wp-content\/uploads\/2019\/10\/STAlogo.jpeg","width":"225","height":"225","caption":"Stock Target Advisor"},"image":{"@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/StockTargetAdvisor\/","https:\/\/twitter.com\/AdvisorTarget"]},{"@type":"Person","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/person\/e15ebb81d4f6861fcecbe1abc54e1cae","name":"STA Research","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/13a95c75b44f95ead23f47f0bf10667e57b44ec5150180c8a39a39361cf56169?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/13a95c75b44f95ead23f47f0bf10667e57b44ec5150180c8a39a39361cf56169?s=96&d=mm&r=g","caption":"STA Research"},"description":"STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.","url":"https:\/\/www.stocktargetadvisor.com\/blog\/author\/sta-research\/"}]}},"_links":{"self":[{"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/posts\/41392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/comments?post=41392"}],"version-history":[{"count":4,"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/posts\/41392\/revisions"}],"predecessor-version":[{"id":41402,"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/posts\/41392\/revisions\/41402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/media\/39497"}],"wp:attachment":[{"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/media?parent=41392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/categories?post=41392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/tags?post=41392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}