Analysts Turn Mixed On Magna International Inc. (MGA), Brookfield Asset Management Inc. (BAM)

The shares of Magna International Inc. (NYSE:MGA) has been pegged with a rating of Neutral by Credit Suisse in its latest research note that was published on June 27th, 2019. Credit Suisse wasn’t the only research firm that published a report of Magna International Inc., with other equities research analysts also giving their opinion on the stock. Wolfe Research advised investors in its research note published on May 1st, 2019, to Peer Perform the MGA stock. The stock had earned Buy rating from Seaport Global Securities when it published its report on April 16th, 2019. The stock was given Neutral rating by CIBC in its report released on April 15th, 2019. TD Securities was of a view that MGA is Hold in its latest report on February 22nd, 2019. TD Securities thinks that MGA is worth Buy rating. This was contained in the firm’s report on January 10th, 2019.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 9 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $56.13. The price of the stock the last time has raised by 17.36% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 58.50.

The shares of the company added by 0.52% during the trading session on Tuesday, reaching a low of $49.16 while ending the day at $49.89. During the trading session, a total of 2.11 million shares were traded which represents a -95.38% decline from the average session volume which is 1.08M shares. MGA had ended its last session trading at 49.63. Magna International Inc. currently has a market cap of $15.78B, while its P/E ratio stands at 6.40, while its P/E earnings growth sits at 0.39, with a beta of 1.62. Magna International Inc. debt-to-equity ratio currently stands at 0.29, while its quick ratio hovers at 0.80. MGA 52-week low price stands at $42.51 while its 52-week high price is $57.85.

The company in its last quarterly report recorded $1.59 earnings per share which is above the $1.54 predicted by most analysts. The Magna International Inc. generated $10,126.00 million in revenue during the last quarter, which is slightly lower than the $9,950.06 million predicted by analysts. In the second quarter last year, the firm recorded $1.63 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -2.52%. Magna International Inc. has the potential to record 7.79 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Citigroup published a research note on November 13th, 2018 where it informed investors and clients that Brookfield Asset Management Inc. (NYSE:BAM) is now rated as Buy. Their price target on the stock stands at $49.50. Wolfe Research also rated BAM as Downgrade on May 1st, 2019, with its price target of $5 suggesting that BAM could surge by 9.86% from its current share price. Even though the stock has been trading at $50.53/share, analysts expect it to surge higher by 0.99% to reach $56.61/share. It started the day trading at $51.14 and traded between $50.23 and $51.03 throughout the trading session.

A look at its technical shows that BAM’s 50-day SMA is 48.46 while its 200-day SMA stands at 45.18. The stock has a high of $51.16 for the year while the low is $36.58. The company’s P/E ratio currently sits at 15.61, while the P/B ratio is 1.85. At the moment, only of Brookfield Asset Management Inc. shares were sold short. The company’s average trading volume currently stands at 1.39M shares, which means that the short-interest ratio is just 10.70 days. Over the past seven days, the company moved, with its shift of 4.96%. Looking further, the stock has raised 7.27% over the past 90 days while it gained 17.88% over the last six months.

RBC Global Asset Management Inc meanwhile sold more BAM shares in the recently filed quarter, changing its stake to $2,136,763,629 worth of shares. TD Asset Management Inc followed the path by decreasing its BAM portfolio by -9.18% in the quarter. This means that TD Asset Management Inc sold -2,288,155 shares in the last quarter and now controls 22,647,229 shares of the BAM stock, with the valuation hitting $1,109,714,221.

Similarly, The Vanguard Group Inc increased its Brookfield Asset Management Inc. shares by +3.05% during the recently filed quarter. After buying 667,876 shares in the last quarter, the firm now controls 22,567,653 shares of Brookfield Asset Management Inc. which are valued at $1,105,814,997. In the same vein, BMO Asset Management Inc decreased its Brookfield Asset Management Inc. shares by during the most recent reported quarter. The firm sold -115,966 shares during the quarter which decreased its stakes to 21,621,326 shares and is now valued at $1,059,444,974. Following these latest developments, around 12.90% of Brookfield Asset Management Inc. stocks are owned by institutional investors and hedge funds.