Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Magna International Inc.’s stock clocked out at $47.85, up 0.02% from its previous closing price of $47.84. In other words, the price has increased by $0.02 from its previous closing price. On the day, 1.85 million shares were traded. MGA stock price reached its highest trading level at $48.26 during the session, while it also had its lowest trading level at $47.42.
Ratios:
To gain a deeper understanding of MGA’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.08. 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 13746348032 and an Enterprise Value of 20144556032. As of this moment, Magna’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.30, and their Forward P/E ratio for the next fiscal year is 6.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at 0.471 whereas that against EBITDA is 5.321.
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 -10.91%, while the 200-Day Moving Average is calculated to be -13.79%.
Shares Statistics:
It appears that MGA traded 1.36M shares on average per day over the past three months and 1237480 shares per day over the past ten days. A total of 286.55M shares are outstanding, with a floating share count of 268.53M. Insiders hold about 6.53% of the company’s shares, while institutions hold 69.89% stake in the company. Shares short for MGA as of 1711584000 were 9810578 with a Short Ratio of 7.23, compared to 1709164800 on 9762166.
Dividends & Splits
With its trailing 12-month dividend rate of 1.855, MGA has a forward annual dividend rate of 1.85. The stock’s 5-year Average Dividend Yield is 2.88.
Earnings Estimates
The dynamic stock of Magna International Inc. (MGA) is currently attracting attention from MGA/BRX analysts actively involved in rating its market status.The consensus estimate for the next quarter is $0.00, with high estimates of $42.04 and low estimates of $454.70.
EPS for the following year is $Currency, with Currency analysts recommending between $Stocks and $Stocks.
