BofA Securities Upgrades Magna International to Buy From Neutral, Raises Price Target to 85 From 65 - Marketscreener.com
| MG Stock | CAD 62.78 0.26 0.41% |
About 62% of Magna International's investor base is looking to short. The analysis of current outlook of investing in Magna International suggests that many traders are alarmed regarding Magna International's prospects. Magna International's investing sentiment overview a quick insight into current market opportunities from investing in Magna International. Many technical investors use Magna International stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Magna |
BofA Securities Upgrades Magna International to Buy From Neutral, Raises Price Target to 85 From 65 Marketscreener.com
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Magna International Fundamental Analysis
We analyze Magna International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Magna International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Magna International based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Sales
Price To Sales Comparative Analysis
Magna International is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Magna International Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Magna International stock to make a market-neutral strategy. Peer analysis of Magna International could also be used in its relative valuation, which is a method of valuing Magna International by comparing valuation metrics with similar companies.
Peers
Magna International Related Equities
| NTR | Nutrien | 1.13 | ||||
| CP | Canadian Pacific | 0.60 | ||||
| CNR | Canadian National | 0.17 | ||||
| QSR | Restaurant Brands | 0.22 | ||||
| FTS | Fortis | 0.32 |
Check out Magna International Hype Analysis, Magna International Correlation and Magna International Performance. To learn how to invest in Magna Stock, please use our How to Invest in Magna International guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.