A share price of Magna International Inc [MGA] is currently trading at $41.01, down -0.19%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MGA shares have gain 2.45% over the last week, with a monthly amount drifted -3.32%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Magna International Inc [NYSE: MGA] stock has seen the most recent analyst activity on January 24, 2025, when RBC Capital Mkts upgraded its rating to a Outperform and also boosted its price target to $52 from $41. Previously, Goldman downgraded its rating to Sell on December 11, 2024, and dropped its price target to $41. On December 05, 2024, upgrade upgraded it’s rating to Peer Perform. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $43 on September 25, 2024. Wolfe Research downgraded its rating to a Underperform. Exane BNP Paribas upgraded its rating to Outperform for this stock on July 01, 2024. In a note dated January 03, 2024, Goldman downgraded an Neutral rating on this stock and revised its target price from $73 to $58.
Magna International Inc experienced fluctuations in its stock price throughout the past year between $38.01 and $59.37. Currently, Wall Street analysts expect the stock to reach $45 within the next 12 months. Magna International Inc [NYSE: MGA] shares were valued at $41.01 at the most recent close of the market. An investor can expect a potential return of 9.73% based on the average MGA price forecast.
Analyzing the MGA fundamentals
Trailing Twelve Months sales for Magna International Inc [NYSE:MGA] were 42.66B which represents -3.82% decline. 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 0.03%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.62.
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 40.80 points at the first support level, and at 40.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.20, and for the 2nd resistance point, it is at 41.40.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Magna International Inc [NYSE:MGA] is 1.14. As well, the Quick Ratio is 0.77, while 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 0.96 and price to earnings (TTM) ratio is 10.93.
