Magna International Inc [MGA] stock prices are up 1.18% to $37.65 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MGA shares have gain 3.72% over the last week, with a monthly amount drifted -1.47%, 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 March 04, 2025, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $48 from $52. Previously, RBC Capital Mkts upgraded its rating to Outperform on January 24, 2025, and elevated its price target to $52. On December 11, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $41 on the stock. Wolfe Research upgraded its rating to a Peer Perform. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $43 on September 25, 2024. Wolfe Research downgraded its rating to Underperform for this stock on September 05, 2024. In a note dated July 01, 2024, Exane BNP Paribas upgraded an Outperform rating on this stock.
The stock price of Magna International Inc [MGA] has been fluctuating between $33.30 and $54.82 over the past year. Currently, Wall Street analysts expect the stock to reach $45 within the next 12 months. Magna International Inc [NYSE: MGA] shares were valued at $37.65 at the most recent close of the market. An investor can expect a potential return of 19.52% based on the average MGA price forecast.
Analyzing the MGA fundamentals
The Magna International Inc [NYSE:MGA] reported sales of 42.84B for trailing twelve months, representing a surge of 1.66%. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.61.
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 37.12 points at the first support level, and at 36.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.94, and for the 2nd resistance point, it is at 38.22.
Ratios To Look Out For
It’s worth pointing out that Magna International Inc [NYSE:MGA]’s Current Ratio is 1.08. Further, the Quick Ratio stands at 0.74, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 0.92 and price to earnings (TTM) ratio is 10.71.
