Magna International Inc. (NYSE:MGA) rose 10.32% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -11.66% and is now up by 10.54% since start of this year. A look at its monthly performance shows that the stock has recorded a 11.82% gain over the past 30 days. Its equity price climbed by 6.15% over the past three months which led to its overall six-month decrease to stand at -16.25%.
Experts from research firms are bullish about the near-term performance of Magna International Inc. with most of them predicting a $61.84 price target on a short-term (12 months) basis. The average price target by the analysts will see a 23.09% rise in the stock and would lead to MGA’s market cap to surge to $20.62B. The stock has been rated an average 2.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 17 analysts that track Magna International Inc. (NYSE:MGA) and find out that 3 of them rated it as a Hold. 11 of the 14 analysts rated it as a Buy or a Strong Buy while 3 advised investors to desist from buying the stock or sell it if they already possess it.
A look at MGA technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 64.64 point. Its trading volume has added 48078 shares compared to readings over the past three months as it recently exchanged 1438078 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 1390000 shares, and this is 1.03 times the normal volume.
Analysts have predicted a price target for Texas Roadhouse, Inc. (TXRH) for 1 year and it stands at an average $63.41/share. This means that it would likely increase by -5.33% from its current position. The current price of the stock has been moving between $65.245 and $67.1. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $52. On the other hand, one analyst is super bullish about the price, setting a target as high as $72.
The TXRH stock Stochastic Oscillator (%D) is at 91.87%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.92 which compares to the 2.46 recorded by the industry or the 1.93 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 26.18, which is lower than the 31.37 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 12.5% over the past five years.
Analysts view Texas Roadhouse, Inc. (NASDAQ:TXRH) as a Hold, with 2.9 consensus rating. Reuters surveyed 20 analysts that follow TXRH and found that 13 of those analysts rated the stock as a Hold. The remaining 7 were divided, with 5 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Texas Roadhouse, Inc. (TXRH) shares or sell it if they already own it.