Magna International (MGA) Downgraded by Zacks Investment Research to Strong Sell

Magna International stock has undergone multiple analysts rating changes in the recent past.  Magna International Downgraded by Zacks Investment Research on 10-11-21. In a note to investors, the firm issued a new rating of Strong Sell. The analysts previously had rating of Hold.

Shares of Magna International traded down -$0.08 on Monday, reaching $82.91. 940289 shares of the stock traded hands, compared to its average volume of 1076857. Shares of Magna International were trading at $82.91 on Monday. The firm’s 50 day moving average is $80.09 and its 200 day moving average is $85.70.Magna International has a 12 month low of $81.00 and a 12 month high of $104.28. While on yearly highs and lows, Magna International’s today has traded high as $84.34 and has touched $81.00 on the downward trend. See More Analyst Rating at: RATING

Magna International Earnings and What to expect: 

Magna International last announced its earnings data on August 6th, 2021. The reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by $0.04. The firm earned $9.03 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Its revenue was up 110.4% on a year-over-year basis. Magna International has generated $3.95 earnings per share over the last year ($7.23 diluted earnings per share) and currently has a price-to-earnings ratio of 11.5. Earnings for Magna International are expected to grow by 25.55% in the coming year, from $7.24 to $9.09 per share. Magna International has confirmed that its next quarterly earnings report will be published on Friday, November 5th, 2021. Magna International will be holding an earnings conference call on Friday, November 5th at 8:00 AM Eastern. Interested parties can or dial in at 416-626-4100 with passcode “21998396”.

Earnings for Magna International are expected to grow by 25.55% in the coming year, from $7.24 to $9.09 per share. The P/E ratio of Magna International is 11.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.66. The P/E ratio of Magna International is 11.47, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 19.47. Magna International has a PEG Ratio of 0.56. PEG Ratios below 1 indicate that a company could be undervalued. Magna International has a P/B Ratio of 2.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Magna International (MGA) Moving Average Technical Analysis

5 day Moving Average is $80.96 And 5 day price change is $5.43 (7.01%)  with average volume for 5 day average is 1,114,740. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $77.81 and 20 day price change is $3.96 (5.02%) and average 20 day moving volume is 1,058,930. 50 day moving average is $80.09  and 50 day price change is -$0.92 ( -1.10%)  and with average volume for 50 days is : 1,183,450. 200 day moving average is $85.70  and 200 day price change is $10.56 (14.60%)  and with average volume for 200 days is : 1,412,898.

Other owners latest trading in Magna International :

  • On 10/8/2021 shares held by Wedbush Securities Inc. were 6,295 which equates to market value of $0.47M and appx 0.00% owners of Magna International
  • On 10/7/2021 shares held by Cardinal Capital Management Inc. were 10,300 which equates to market value of $0.77M and appx 0.00% owners of Magna International
  • On 9/1/2021 shares held by Elephas Investment Management Ltd were 43,200 which equates to market value of $4M and appx 1.10% owners of Magna International
  • In total Institutional ownership equates to Institutional Ownership Percentage: 59.14% for Magna International

See More Analyst Rating at: RATING