Magnera (NYSE:MAGN) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Magnera (NYSE:MAGN) in a report released on Thursday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $22.00 target price on the stock.

Magnera Trading Down 2.1 %

Shares of NYSE:MAGN opened at $17.20 on Thursday. Magnera has a twelve month low of $15.80 and a twelve month high of $35.23. The company has a debt-to-equity ratio of 4.26, a quick ratio of 1.04 and a current ratio of 2.23. The company has a market capitalization of $60.20 million, a P/E ratio of -0.90 and a beta of 1.67.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Magnera stock. Ballentine Partners LLC purchased a new position in shares of Magnera Corp (NYSE:MAGN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 16,254 shares of the company’s stock, valued at approximately $295,000. Ballentine Partners LLC owned 0.46% of Magnera as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 76.92% of the company’s stock.

About Magnera

Magnera’s purpose is to better the world with new possibilities made real. By continuously co-creating and innovating with our partners, we develop original material solutions that make a brighter future possible. With a breadth of technologies and a passion for what we create, Magnera’s solutions propel our customers’ goals forward and solve end-users’ problems, every day.