Monday, March 8, 2021

Magna International Inc. [MGA] moved up 10.36: Why It’s Important

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Magna International Inc. [NYSE: MGA] closed the trading session at $83.27 on 02/19/21. The day’s price range saw the stock hit a low of $80.00, while the highest price level was $84.38. The company report on February 19, 2021 that Magna International, Inc. to Host Earnings Call.

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Magna International, Inc. (TSX:MG) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 19, 2021 at 8:00 AM Eastern Time.To listen to the event.. Investor Network


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Magna International, Inc. (TSX:MG) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 19, 2021 at 8:00 AM Eastern Time.

The stocks have a year to date performance of 17.61 percent and weekly performance of 7.35 percent. The stock has been moved at 59.92 percent over the last six months. The stock has performed 9.80 percent around the most recent 30 days and changed 36.80 percent over the most recent 3-months.

If compared to the average trading volume of 1.36M shares, MGA reached to a volume of 4396450 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Magna International Inc. [MGA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MGA shares is $77.68 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MGA stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BMO Capital Markets have made an estimate for Magna International Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 09, 2020. The new note on the price target was released on November 09, 2020, representing the official price target for Magna International Inc. stock. Previously, the target price had yet another drop from $55 to $50, while Credit Suisse kept a Outperform rating on MGA stock.

The Average True Range (ATR) for Magna International Inc. is set at 2.60, with the Price to Sales ratio for MGA stock in the period of the last 12 months amounting to 0.72. The Price to Book ratio for the last quarter was 2.44, with the Price to Cash per share for the same quarter was set at 5.53. Price to Free Cash Flow for MGA in the course of the last twelve months was 139.22 with Quick ratio for the last quarter at 0.90.

MGA stock trade performance evaluation

Magna International Inc. [MGA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.35. With this latest performance, MGA shares gained by 9.80% in over the last four-week period, additionally plugging by 59.92% over the last 6 months – not to mention a rise of 58.70% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MGA stock in for the last two-week period is set at 67.99, with the RSI for the last a single of trading hit 71.69, and the three-weeks RSI is set at 65.94 for Magna International Inc. [MGA]. The present Moving Average for the last 50 days of trading for this stock 72.20, while it was recorded at 78.62 for the last single week of trading, and 54.87 for the last 200 days.

Magna International Inc. [MGA]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Magna International Inc. [MGA] shares currently have an operating margin of +4.55 and a Gross Margin at +9.42. Magna International Inc.’s Net Margin is presently recorded at +2.32.

Return on Total Capital for MGA is now 9.17, given the latest momentum, and Return on Invested Capital for the company is 4.86. Return on Equity for this stock inclined to 7.12, with Return on Assets sitting at 2.91. When it comes to the capital structure of this company, Magna International Inc. [MGA] has a Total Debt to Total Equity ratio set at 52.76. Additionally, MGA Total Debt to Total Capital is recorded at 34.54, with Total Debt to Total Assets ending up at 20.97. Long-Term Debt to Equity for the company is recorded at 49.51, with the Long-Term Debt to Total Capital now at 32.41.

Receivables Turnover for the company is 5.53 with a Total Asset Turnover recorded at a value of 1.25.Magna International Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.30.

Earnings per share (EPS) analysis for Magna International Inc. [MGA] stock

With the latest financial reports released by the company, Magna International Inc. posted 0.86/share EPS, while the average EPS was predicted by analysts to be reported at 0.8/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MGA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Magna International Inc. go to 10.76%.

Magna International Inc. [MGA]: Insider Ownership positions

There are presently around $14,983 million, or 72.20% of MGA stock, in the hands of institutional investors. The top three institutional holders of MGA stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 17,861,048, which is approximately -22.195% of the company’s market cap and around 1.60% of the total institutional ownership; ROYAL BANK OF CANADA, holding 12,550,177 shares of the stock with an approximate value of $1.05 billion in MGA stocks shares; and BEUTEL, GOODMAN & CO LTD., currently with $728.89 million in MGA stock with ownership of nearly -26.898% of the company’s market capitalization.

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Positions in Magna International Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 245 institutional holders increased their position in Magna International Inc. [NYSE:MGA] by around 21,120,353 shares. Additionally, 187 investors decreased positions by around 19,799,626 shares, while 43 investors held positions by with 139,017,590 shares. The mentioned changes placed institutional holdings at 179,937,569 shares, according to the latest SEC report filing. MGA stock had 121 new institutional investments in for a total of 5,130,169 shares, while 41 institutional investors sold positions of 1,337,137 shares during the same period.

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