Magna International Inc. (USA) (NYSE:MGA) rose 1.63% during previous trade. Macquarie issued rating on the stock of Magna International Inc. (USA) (NYSE:MGA) in a research note issued to investors on Feb-27-17, the stock received “Upgrade” rating from Neutral to Outperform. Additionally TD Securities issued their verdict on the stock of the company, on record date of Jan-13-17 the stock was “Downgraded” from Buy to Hold besides that on Jan-06-17 Magna International Inc. (USA) (NYSE:MGA) was “Reiterated” by RBC Capital Mkts as Outperform from $55 to $56. Furthermore on Nov-09-16 the stock was “Downgraded” by Macquarie from Outperform to Neutral.
Magna International Inc. (USA) (NYSE:MGA) shares ended last trading session at the price of $43.75 whereas a number of traders indicating mean target price will hit $52.25 over the next twelve months, mean value of price target most recently revised on 02/27/17. Magna International Inc. (USA) (NYSE:MGA)’s highest estimates of price target are $70 and low forecast is $40 based on the opinion of 16 analysts. The price target estimates represents a standard deviation of 6.68. However brokerage recommendations suggests an ABR of 1.91 based on calls of 11 experts, where 5 brokers polls the stock a Strong Buy, 3 suggest the stock a Buy, 2 suggest Hold, 1 are rating the stock as Sell while 0 as Strong Sell.
Magna International Inc. (USA) (NYSE:MGA) is expected to release the earnings of its current quarter on 2/24/17. The company is expected to release $1.35 EPS for current quarter according to 14 analysts whereas the company reported $1.22 EPS during same quarter a year ago. For the current quarter the stock has lowest EPS estimates of $1.25 and high estimate of $1.49. For the current year Magna International Inc. (USA) (NYSE:MGA) has set to release EPS of $5.68 as per the sentiments of 19 analysts, however according to 17 analysts, the company expected to release $6.51 EPS for next year.
Magna International Inc. (USA) (NYSE:MGA)’s average revenue estimates for the current quarter are $9.06B according to 11 number of analysts. However its lowest revenue estimates are $8.49B and highest revenue estimates are $9.39B. A year ago the company’s sales were $8.9B. Its yearly sales growth estimates are 1.80%. For the next quarter the company has anticipated average revenues of $9.43B, according to the sentiments of 10 analysts. For the current year the company has fixed $37.1B revenues, as per the opinion of 16 analysts. For the current year the company has low revenue estimates of $36.43B in contradiction of high revenue estimates of $37.88B. Whereas for the next year revenues are set at $40.76B by 16 analysts.
The stock exchanged hands 2.29M shares versus average trading capacity of 1.31M shares, while its shares’ total market worth is $15.98B along with 382.55M outstanding shares. Magna International Inc. (USA) (NYSE:MGA) shares were trading -7.33% below from the 52-week high price mark of $47.21 and +35.20% above from the 52-week price bottom of $32.36. However the company observed 52 week high price on 12/13/16 and witnessed 52 week low price on 07/06/16. The company’s price sits -0.91% below from its 50-day moving average of $43.94 and 7.24% far from the stock’s 200-day moving average which is $42.24. Magna International Inc. (USA) (NYSE:MGA)’s price to sales ratio for trailing twelve month stands at 0.49, whereas its price to book ratio for most recent quarter sits at 1.72. However the company’s price to free cash flow for trailing twelve months is 14.71.