Magna International, Inc. (NYSE:MGA) PEG Ratio At 0.71


Market experts has given a mean price target of $89.27 to Magna International, Inc. (NYSE:MGA) stock. The target price is the mean of all calls released by analysts in First Call poll. They have EPS estimate of $1.38 for the near-term quarter and $5.22 for this year.

Technical View

The technical assessment of Magna International, Inc. Commo pinpoints that the 50-day moving average of Magna International, Inc. (NYSE:MGA) stock is $40.26, and is trading $1.81 points away or +4.48% from 50-day moving average of $40.26. It is trading $2.07 or +5.18% off 200-day MA of $40.00.

The 52-week high of Magna International, Inc. (NYSE:MGA) was $53.89 while $30.41 is the low point in the same period. Magna International, Inc. Commo share price has to rise more than $-11.82 to register a high for 52-weeks or drop +38.34% to make 52-week low. MA should be referred to as moving average.

Without understanding when a stock is over-valued, or too richly priced, a shareholder may miss out on a chance to cash-in on a profit and investment. Worse, a shareholder might close up their position when a price has no direction.

P/E ratio

Magna International, Inc. (NYSE:MGA) P/E ratio is 8.04 while PEG ratio is at 0.71. By overlooking a firm’s price-to-earnings ratio, a shareholder could miss out to discover the true value of stocks and end up investing in the wrong stocks. A P/E ratio is a computation of how much investors are wanting to pay for a purchasing an equity relative to the firm’s earnings. It is valuable when comparing the equity price of one firm to another trading in the same industry. The P/E ratio is discovered by dividing market value of stock by average earnings per share in a specified period of time, for instance, the past year.

Magna International, Inc. Commo stock recorded a close of $42.07 in last trading session, which brings it market cap to $16.37B.

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