Magna International Inc (NYSE: MGA) is -16.32% lower on its value in year-to-date trading and has touched a low of $33.30 and a high of $54.82 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 $37.65 in the last trading session, with the day’s loss setting it -2.68%.
Currently trading at $34.97, the stock is -4.34% and -8.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.77 million and changing -7.12% at the moment leaves the stock -15.26% off its SMA200. MGA registered -34.73% loss for a year compared to 6-month loss of -18.28%. The firm has a 50-day simple moving average (SMA 50) of $38.2106 and a 200-day simple moving average (SMA200) of $41.26605.
The stock witnessed a -8.48% gain in the last 1 month and extending the period to 3 months gives it a -16.84%, and is -3.37% 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 3.26% over the week and 3.48% over the month.
Magna International Inc (MGA) has around 170000 employees, a market worth around $9.85B and $42.84B in sales. Current P/E ratio is 9.95 and Fwd P/E is 5.59. Profit margin for the company is 2.36%. Distance from 52-week low is 5.02% and -36.21% 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
658.0 institutions hold shares in Magna International Inc (MGA), with institutional investors hold 80.87% 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 75.80% 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.
