Magna International Inc. [MGA] stock is trading at $43.23, up 1.24%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MGA shares have lost -4.57% over the last week, with a monthly amount glided 3.69%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Magna International Inc. [NYSE: MGA] stock has seen the most recent analyst activity on July 01, 2024, when Exane BNP Paribas upgraded its rating to a Outperform. Previously, Goldman downgraded its rating to Neutral on January 03, 2024, and dropped its price target to $58. On September 13, 2023, UBS initiated with a Neutral rating and assigned a price target of $63 on the stock. BofA Securities upgraded its rating to a Buy and raised its price target to $85 on July 06, 2023. Exane BNP Paribas upgraded its rating to Neutral for this stock on May 08, 2023. In a note dated April 19, 2023, RBC Capital Mkts downgraded an Sector Perform rating on this stock and revised its target price from $58 to $52.
Magna International Inc. [MGA] stock has fluctuated between $40.83 and $65.27 over the past year. Currently, Wall Street analysts expect the stock to reach $70.77 within the next 12 months. Magna International Inc. [NYSE: MGA] shares were valued at $43.23 at the most recent close of the market. An investor can expect a potential return of 63.71% based on the average MGA price forecast.
Analyzing the MGA fundamentals
Magna International Inc. [NYSE:MGA] reported sales of 43.09B for the trailing twelve months, which represents a growth of 2.78%. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.57.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 42.56 points at the first support level, and at 41.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.94, and for the 2nd resistance point, it is at 44.65.
Ratios To Look Out For
For context, Magna International Inc.’s Current Ratio is 1.09. As well, the Quick Ratio is 0.76, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.29, the price to book ratio is 1.08 and price to earnings (TTM) ratio is 12.23.
