Magna International Inc [NYSE: MGA] stock went on an upward path that rose over 0.05% on Wednesday, amounting to a one-week price increase of more than 4.91%.
Over the last 12 months, MGA stock dropped by -15.80%. The one-year Magna International Inc stock forecast points to a potential upside of 8.26. The average equity rating for MGA stock is currently 2.45, trading closer to a bullish pattern in the stock market.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for the stock reached $17.70 billion, with 286.55 million shares outstanding and 268.38 million shares in the current float. Compared to the average trading volume of 1.46M shares, MGA stock reached a trading volume of 5969285 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $48.17 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 2.45. 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.
Morgan Stanley have made an estimate for Magna International Inc shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on September 25, 2024. The new note on the price target was released on September 05, 2024, representing the official price target for Magna International Inc stock. On January 03, 2024, analysts decreased their price target for MGA shares from 73 to 58.
The Average True Range (ATR) for Magna International Inc is set at 1.21, with the Price to Sales ratio for MGA stock in the period of the last 12 months amounting to 0.41. The Price to Book ratio for the last quarter was 1.03, with the Price to Cash per share for the same quarter was set at 2.65. Price to Free Cash Flow for MGA in the course of the last twelve months was 20.07 with Quick ratio for the last quarter at 0.77.
MGA Stock Performance Analysis:
Magna International Inc [MGA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.91. With this latest performance, MGA shares gained by 7.70% in over the last four-week period, additionally sinking by -8.15% over the last 6 months – not to mention a drop of -15.80% 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 60.81, with the RSI for the last a single of trading hit 64.72, and the three-weeks RSI is set at 58.18 for Magna International Inc [MGA]. The present Moving Average for the last 50 days of trading for this stock 41.56, while it was recorded at 43.85 for the last single week of trading, and 46.04 for the last 200 days.
Insight into Magna International Inc Fundamentals:
Magna International Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.77 and a Current Ratio set at 1.14.
MGA Stock EPS
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 9.62%.
Magna International Inc [MGA] Institutonal Ownership Details
There are presently around $76.54%, or 81.58%% of MGA stock, in the hands of institutional investors. The top three institutional holders of MGA stocks are: PZENA INVESTMENT MANAGEMENT LLC with ownership of 20.96 million shares, which is approximately 7.3053%. ROYAL BANK OF CANADA, holding 12.62 million shares of the stock with an approximate value of $$528.67 million in MGA stocks shares; and ROYAL BANK OF CANADA, currently with $$452.91 million in MGA stock with ownership which is approximately 3.7676%.
