Magna International Inc (NYSE: MGA) is -12.90% lower on its value in year-to-date trading and has touched a low of $33.30 and a high of $56.12 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 $35.48 in the last trading session, with the day’s gains setting it 0.92%.
Currently trading at $36.40, the stock is -2.18% and -6.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing 2.59% at the moment leaves the stock -12.55% off its SMA200. MGA registered -32.09% loss for a year compared to 6-month loss of -7.33%. The firm has a 50-day simple moving average (SMA 50) of $38.99 and a 200-day simple moving average (SMA200) of $41.62415.
The stock witnessed a -6.76% gain in the last 1 month and extending the period to 3 months gives it a -20.37%, and is -4.26% 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 3.79% over the week and 3.60% over the month.
Magna International Inc (MGA) has around 170000 employees, a market worth around $10.25B and $42.84B in sales. Current P/E ratio is 10.35 and Fwd P/E is 5.81. Profit margin for the company is 2.36%. Distance from 52-week low is 9.31% and -35.14% from its 52-week high. The company has generated returns on investments over the last 12 months (5.83%).
The EPS is expected to shrink by -7.74% this year.
Magna International Inc (MGA) Top Institutional Holders
660.0 institutions hold shares in Magna International Inc (MGA), with institutional investors hold 80.88% of the company’s shares. The shares outstanding are 282.88M, and float is at 263.05M with Short Float at 6.02%. Institutions hold 75.81% 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 7.2951% 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 3.4132 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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