Magna International Inc. (NYSE:MGA) saw an upside of 1.48% to close Tuesday at $84.14 after adding $1.23 on the day. The 5-day average trading volume is 1,115,500 shares of the company’s common stock. It has gained $84.41 in the past week. An average of 1,070,960 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,184,466.
MGA’s 1-month performance is 6.57% or $5.01 on its low of $72.65 reached on 09/20/21. The company’s shares have touched a 52-week low of $49.24 and high of $104.28, with the stock’s rally to the 52-week high happening on 06/07/21. YTD, MGA has achieved 18.84% or $13.34. However, the current price is down -19.31%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 50.00 and a low of 4.412. MGA stock has a beta of 1.53. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.64 while the price-to-book (PB) in the most recent quarter is 2.10, with the price to cash flow ratio at 7.54.
Magna International Inc. pays an annual dividend of $1.72 per share. Its dividend yield is 2.04% and the payout ratio is 22.80%. MGA’s most recent quarterly dividend payment was made on Sep. 3, when it paid $0.43 a share compared with prior rate of $0.43, down 0.0% from last year’s. The company has boosted its dividend for the last 11 consecutive years with the latest dividend increase of $0.03 reported on Monday February 22 2021. Measured over the last 3 years, the Dividend has been growing by 45.45% yearly.
It is projected that Magna International Inc.’s next ex-dividend date will be on 22-Nov. MGA is expected to distribute $0.43 as its next dividend.
Magna International Inc.’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.40 meaning that MGA stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.33, while the total debt to equity was 0.34. In terms of profitability, the gross margin trailing 12 months is 15.60%. The trailing 12-month EBITDA margin is 9.54% while for the period ending June 29; Magna International Inc.’s operating margin was 7.10%. The firm’s gross profit as reported stood at $4.44 billion against revenue of $32.65 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected MGA to announce $1.39 per share in earnings in its latest quarter, but it posted $1.4, representing a 0.70% surprise. EBITDA for the quarter stood at more than $834.0 million. MGA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 17.11 billion, with total debt at $5.9 billion
Let’s look briefly at Magna International Inc. (MGA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 71.68% to suggest the stock is trending Overbought, with historical volatility in this time period at 28.57%.
The stock’s 5-day moving average is $81.96, reflecting a +6.29% or $4.98 change from its current price. MGA is currently trading +6.59% above its 20-day SMA, -12.54% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -0.25% and +19.13% respectively.
Stochastic %K and %D was 90.56% and 88.87% and the average true range (ATR) pointed at 2.50. The RSI (14) points at 64.27%, while the 14-day stochastic is at 97.27% with the period’s ATR at 2.40. The stock’s 9-day MACD Oscillator is pointing at 3.52 and 4.46 on the 14-day charts.
In the most recent analyst report for Magna International Inc. (NYSE: MGA), Barclays downgraded it to an Equal weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for MGA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MGA as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.
What is MGA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $83.00 and a high of $127.00, with their median price target at $102.00. Looking at these predictions, the average price target given by analysts is for Magna International Inc. (MGA) stock is $101.36.