Magna International Inc. (NYSE: MGA) is -29.16% 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 $43.49 in the last trading session, with the day’s loss setting it -1.64%.
Currently trading at $41.85, the stock is 0.85% and 1.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing -3.77% at the moment leaves the stock -11.29% off its SMA200. MGA registered -17.11% loss for a year compared to 6-month loss of -15.13%. The firm has a 50-day simple moving average (SMA 50) of $41.1086 and a 200-day simple moving average (SMA200) of $47.1737.
The stock witnessed a -0.36% gain in the last 1 month and extending the period to 3 months gives it a -4.43%, and is 0.99% up 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 2.49% over the week and 2.33% over the month.
Magna International Inc. (MGA) has around 179000 employees, a market worth around $12.02B and $43.07B in sales. Current P/E ratio is 12.17 and Fwd P/E is 6.98. Profit margin for the company is 2.29%. Distance from 52-week low is 10.10% and -30.62% from its 52-week high. The company has generated returns on investments over the last 12 months (5.52%).
with sales reaching $10.37B over the same period.The EPS is expected to shrink by -2.77% this year, but quarterly earnings will post 0.10% year-over-year. Quarterly sales are estimated to shrink -2.90% in year-over-year returns.
Magna International Inc. (MGA) Top Institutional Holders
648.0 institutions hold shares in Magna International Inc. (MGA), with institutional investors hold 81.12% of the company’s shares. The shares outstanding are 286.55M, and float is at 268.36M with Short Float at 2.88%. Institutions hold 76.11% of the Float.
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.
Magna International Inc. (MGA) Insider Activity
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