Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $51.70 on Magna International, Inc. (NYSE:MGA) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.22 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Magna International, Inc. (NYSE:MGA) stands at 7.86.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Magna International, Inc. Commo, the PEG ratio for coming 3-5 years is 0.70.
The technical analysis highlights that Magna International, Inc. Commo current is trading $1.50 points away or +3.78% from its 50-day moving average of $39.60. Further it is trading $1.44 or +3.62% away its 200-day moving average of $39.66.
The 52-week high of Magna International, Inc. (NYSE:MGA) was $53.89 while lowest point recorded in 52-week was $30.41. It implies if stock price makes a movement of over $-12.79, it will record a new 52-week high. In the case of +35.15% drop, it will touch a new 52-week low.
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