Stock To Watch: Magna International, Inc. (NYSE:MGA)


The leading market experts have placed a mean price target of $51.70 on Magna International, Inc. (NYSE:MGA) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.38 a share for the upcoming quarter and $5.22 for the current fiscal.

Technical View

The technical analysis of Magna International, Inc. Commo plainly substantiates that the 50-day moving average of Magna International, Inc. Commo is $37.79, and stock is trading $2.79 points away or +7.39% from its 50-day moving average of $37.79. Further it is trading $1.49 or +3.82% away its 200-day moving average of $39.09. Magna International, Inc. (NYSE:MGA) 52-week high is $53.89 and the 52-week low is $30.41.

This explains if the stock moves $-13.31, it will post a 52-week high. In event of +33.44% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Magna International, Inc. Commo, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Magna International, Inc. (NYSE:MGA) ratio came in at 7.76.

The stock last ended the trading session at $40.58 and registered a market cap of $15.79B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Magna International, Inc. (NYSE:MGA) PEG ratio is at 0.70.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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