Magna International Inc's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 6 out of 69 in the Automobiles & Auto Parts industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 68.86.In the medium term, the stock price is expected to remain stable.Despite a very weak market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Magna International Inc is 9.11, ranking 3 out of 69 in the Automobiles & Auto Parts industry. Its financial status is robust, and its operating efficiency is high. Its latest quarterly revenue reached 10.85B, representing a year-over-year increase of 2.07%, while its net profit experienced a year-over-year increase of 100.49%.
Key Metrics
The current valuation score of Magna International Inc is 8.33, ranking 13 out of 69 in the Automobiles & Auto Parts industry. Its current P/E ratio is 18.61, which is 98.57% below the recent high of 36.96 and 58.65% above the recent low of 7.70.
The current earnings forecast score of Magna International Inc is 6.48, ranking 50 out of 69 in the Automobiles & Auto Parts industry. The average price target is 52.00, with a high of 64.00 and a low of 43.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Magna International Inc is 7.00, ranking 31 out of 69 in the Automobiles & Auto Parts industry. Currently, the stock price is trading between the resistance level at 63.04 and the support level at 48.99, making it suitable for range-bound swing trading.
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The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Automobiles & Auto Parts domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Magna International Inc is 9.07, ranking 4 out of 69 in the Automobiles & Auto Parts industry. The company's beta value is 1.86. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets. with an industry-leading ESG disclosure.
