Magna International Inc. (NYSE: MGA) closed the day trading at $52.05 down -3.45% from the previous closing price of $53.91. In other words, the price has decreased by -$1.86 from its previous closing price. On the day, 1187028 shares were traded.
Ratios:
For a better understanding of MGA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.07. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 1.06. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.46.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on January 03, 2024, Downgraded its rating to Neutral and sets its target price to $58 from $73 previously.
On September 13, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $63.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MGA now has a Market Capitalization of 14.93B and an Enterprise Value of 20.96B. As of this moment, Magna’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.30, and their Forward P/E ratio for the next fiscal year is 6.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 1.26. Its current Enterprise Value per Revenue stands at 0.49 whereas that against EBITDA is 5.83.
Stock Price History:
Over the past 52 weeks, MGA has reached a high of $65.27, while it has fallen to a 52-week low of $46.71. The 50-Day Moving Average of the stock is 55.34, while the 200-Day Moving Average is calculated to be 55.64.
Shares Statistics:
Over the past 3-months, MGA traded about 1.21M shares per day on average, while over the past 10 days, MGA traded about 1.11M shares per day. A total of 286.55M shares are outstanding, with a floating share count of 268.14M. Insiders hold about 6.53% of the company’s shares, while institutions hold 70.01% stake in the company. Shares short for MGA as of Feb 29, 2024 were 9.66M with a Short Ratio of 7.95, compared to 6.09M on Jan 31, 2024.
Dividends & Splits
MGA’s forward annual dividend rate is 1.85, up from 1.86 a year ago. Against a Trailing Annual Dividend Yield of 3.44%, it implies a Forward Annual Dividend Yield of 3.65%. The stock’s 5-year Average Dividend Yield is 2.87. The current Payout Ratio is 43.72% for MGA, which recently paid a dividend on Mar 08, 2024 with an ex-dividend date of Feb 22, 2024. Stock splits for the company last occurred on Mar 26, 2015 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 16 analysts. On average, analysts expect EPS of $1.28 for the current quarter, with a high estimate of $1.42 and a low estimate of $1.11, while EPS last year was $1.11. The consensus estimate for the next quarter is $1.57, with high estimates of $1.84 and low estimates of $1.34.
Analysts are recommending an EPS of between $6.37 and $5.66 for the fiscal current year, implying an average EPS of $6.1. EPS for the following year is $7.44, with 18 analysts recommending between $8.1 and $6.78.
Revenue Estimates
13 analysts predict $11.06B in revenue for the current quarter. It ranges from a high estimate of $11.83B to a low estimate of $10.76B. As of the current estimate, Magna International Inc.’s year-ago sales were $9.91B, an estimated increase of 11.60% from the year-ago figure.
A total of 19 analysts have provided revenue estimates for MGA’s current fiscal year. The highest revenue estimate was $46.09B, while the lowest revenue estimate was $44.19B, resulting in an average revenue estimate of $44.62B. In the same quarter a year ago, actual revenue was $42.8B, up 4.30% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $46.61B in the next fiscal year. The high estimate is $48.05B and the low estimate is $45.65B. The average revenue growth estimate for next year is up 4.50% from the average revenue estimate for this year.
