(MG) Magna International - Ratings and Ratios

Magna International Inc. is a leading global automotive supplier that designs, develops, and manufactures a wide range of innovative products for the automotive industry. The companys diverse portfolio includes body and chassis systems, exterior and interior components, seating systems, and complete vehicles, as well as advanced technologies such as electrification and autonomous driving solutions.

With a strong presence in the global automotive industry, Magna International Inc. operates through four main business segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. This diversified business model enables the company to capitalize on emerging trends and technologies, while also providing a stable foundation for long-term growth. The companys products and services are used by major automotive manufacturers worldwide, and its commitment to innovation and quality has earned it a reputation as a trusted partner in the industry.

From a technical analysis perspective, the stocks current price is 49.39 CAD, with a 20-day SMA of 49.77 CAD and a 50-day SMA of 47.74 CAD, indicating a potential bullish trend. The 200-day SMA is 54.19 CAD, suggesting that the stock has been trending downward over the longer term. The ATR is 1.25 CAD, or 2.53%, indicating moderate volatility. Given the current technical setup, a potential trading opportunity may arise if the stock price breaks above the 20-day SMA and continues to trend upward.

Fundamentally, Magna International Inc. has a market capitalization of 14,036.04M CAD and a P/E ratio of 8.99, indicating a relatively undervalued stock. The forward P/E ratio is 7.83, suggesting that the companys earnings are expected to grow in the future. The RoE is 9.72, indicating a decent return on equity. Based on these fundamental metrics, it appears that the stock may be poised for growth, particularly if the company is able to capitalize on emerging trends in the automotive industry, such as electrification and autonomous driving.

Using a combination of technical and fundamental analysis, a potential forecast for Magna International Inc. is that the stock price may trend upward in the near term, driven by a bullish technical setup and a relatively undervalued fundamental profile. If the stock price breaks above the 20-day SMA and continues to trend upward, it may be a buying opportunity, with a potential target price of 55-60 CAD in the next 6-12 months. However, if the stock price fails to break above the 20-day SMA, it may be a sign of weakness, and the stock price could potentially trend downward.