Magna International Inc (NYSE: MGA) is -18.55% lower on its value in year-to-date trading and has touched a low of $30.39 and a high of $50.18 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 $33.30 in the last trading session, with the day’s gains setting it 0.74%.
Currently trading at $34.04, the stock is 3.18% and -4.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing 2.22% at the moment leaves the stock -15.67% off its SMA200. MGA registered -30.97% loss for a year compared to 6-month loss of -18.66%. The firm has a 50-day simple moving average (SMA 50) of $35.55 and a 200-day simple moving average (SMA200) of $40.36475.
The stock witnessed a -8.52% gain in the last 1 month and extending the period to 3 months gives it a -15.32%, and is 5.88% 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 2.47% over the week and 4.09% over the month.
Magna International Inc (MGA) has around 170000 employees, a market worth around $9.59B and $42.84B in sales. Current P/E ratio is 9.68 and Fwd P/E is 5.79. Profit margin for the company is 2.36%. Distance from 52-week low is 12.01% and -32.16% from its 52-week high. The company has generated returns on investments over the last 12 months (5.83%).
with sales reaching $9.73B over the same period.The EPS is expected to shrink by -13.58% this year, but quarterly earnings will post -8.25% year-over-year. Quarterly sales are estimated to shrink -11.28% in year-over-year returns.
639.0 institutions hold shares in Magna International Inc (MGA), with institutional investors hold 81.18% of the company’s shares. The shares outstanding are 282.88M, and float is at 263.09M with Short Float at 2.86%. Institutions hold 76.47% 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 3.7624 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.
