Magna International Inc. (NYSE: MGA) is -31.70% lower on its value in year-to-date trading and has touched a low of $38.01 and a high of $60.32 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MGA stock was last observed hovering at around $42.79 in the last trading session, with the day’s loss setting it -2.44%.
Currently trading at $40.35, the stock is -1.56% and -2.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.52 million and changing -5.70% at the moment leaves the stock -17.12% off its SMA200. MGA registered -25.84% loss for a year compared to 6-month loss of -24.59%. The firm has a 50-day simple moving average (SMA 50) of $41.4202 and a 200-day simple moving average (SMA200) of $48.6112.
The stock witnessed a -5.68% gain in the last 1 month and extending the period to 3 months gives it a -2.93%, and is -2.30% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.42% over the week and 2.46% over the month.
Magna International Inc. (MGA) has around 179000 employees, a market worth around $11.59B and $43.07B in sales. Current P/E ratio is 11.73 and Fwd P/E is 6.50. Profit margin for the company is 2.29%. Distance from 52-week low is 6.16% and -33.11% from its 52-week high. The company has generated returns on investments over the last 12 months (5.52%).
Magna International Inc. quarterly earnings per share for the current quarter are estimated at 1.43 with sales reaching $10.48B over the same period.The EPS is expected to shrink by -1.39% this year, but quarterly earnings will post 0.50% year-over-year. Quarterly sales are estimated to shrink -2.00% in year-over-year returns.
The shares outstanding are 286.55M, and float is at 268.35M with Short Float at 5.35%.
The top institutional shareholder in the company is PZENA INVESTMENT MANAGEMENT LLC with over 20.96 million shares valued at $1.2 billion. The investor’s holdings represent 7.3053 of the MGA Shares outstanding. As of 2024-06-30, the second largest holder is ROYAL BANK OF CANADA with 12.62 million shares valued at $528.67 million to account for 4.3979 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 10.81 million shares representing 3.7676 and valued at over $452.91 million, while HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC holds 3.418 of the shares totaling 9.81 million with a market value of $410.88 million.
