Magna International Inc. [MGA] stock prices are up 0.12% to $41.90 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MGA shares have gain 2.12% over the last week, with a monthly amount drifted -0.64%, and not 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 September 25, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $43 from $55. Previously, Wolfe Research downgraded its rating to Underperform on September 05, 2024. On July 01, 2024, upgrade upgraded it’s rating to Outperform. Goldman downgraded its rating to a Neutral and decreased its price target to $58 on January 03, 2024. UBS initiated its recommendation with a Neutral and recommended $63 as its price target on September 13, 2023. In a note dated July 06, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $65 to $85.
The stock price of Magna International Inc. [MGA] has been fluctuating between $38.01 and $60.32 over the past year. Currently, Wall Street analysts expect the stock to reach $65.63 within the next 12 months. Magna International Inc. [NYSE: MGA] shares were valued at $41.90 at the most recent close of the market. An investor can expect a potential return of 56.63% based on the average MGA price forecast.
Analyzing the MGA fundamentals
The Magna International Inc. [NYSE:MGA] reported sales of 43.07B for trailing twelve months, representing a drop of -0.22%. Gross Profit Margin for this corporation currently stands at 0.1% 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 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.52.
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 41.55 points at the first support level, and at 41.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.16, and for the 2nd resistance point, it is at 42.43.
Ratios To Look Out For
It’s worth pointing out that Magna International Inc. [NYSE:MGA]’s Current Ratio is 1.12. On the other hand, the Quick Ratio is 0.77, and the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 0.28, the price to book ratio is 1.04 and price to earnings (TTM) ratio is 12.18.
