Stocks of Magna International Inc. (NYSE:MGA) traded higher last session on Wall Street, down -2.36% to $54.57.
According to the data, Magna International Inc. (NYSE:MGA) has 21 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $80.00 and a low of $56.00, we find $66.00. Given the previous closing price of $55.89, this indicates a potential upside of 18.09 percent. MGA stock price is now 2.80% away from the 50-day moving average and -0.87% away from the 200-day moving average. The market capitalization of the company currently stands at $15.63B.
A total of 10 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $66.63 as their price target over the next twelve months.
With the price target of $63, UBS recently initiated with Neutral rating for Magna International Inc. (NYSE: MGA).
A total of 6.51% of the company’s stock is owned by insiders.
Thursday’s opening bell rang with an opening price of $55.11 for Magna International Inc. (NYSE: MGA). During the past 12 months, Magna International Inc. has had a low of $46.71 and a high of $68.92. As of last week, the company has a debt-to-equity ratio of 0.63, a current ratio of 1.11, and a quick ratio of 0.75. According to the stock market information, the enterprise value for the company is $22.19B, which is based on a 15.08 price-to-earnings ratio, a 0.55 price-to-earnings-growth ratio, and a beta of 1.71. The fifty day moving average price for MGA is $53.02 and a two-hundred day moving average price translates $54.99 for the stock.
The latest earnings results from Magna International Inc. (NYSE: MGA) was released for Sep, 2023. According to the Auto Parts Company, earnings per share came in at $1.46, beating analysts’ expectations of $1.33 by 0.13. This compares to $1.03 EPS in the same period last year. The net profit margin was 2.47% and return on equity was 9.50% for MGA. The company reported revenue of $10.69 billion for the quarter, compared to $9.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.32 percent. For the current quarter, analysts expect MGA to generate $10.33B in revenue.