Magna International Inc. (MGA)
NYSE: MGA · Real-Time Price · USD
41.61
-1.35 (-3.14%)
Oct 29, 2024, 4:00 PM EDT - Market closed

Magna International Stock Forecast

Stock Price Forecast

The 15 analysts with 12-month price forecasts for Magna International stock have an average target of 51.33, with a low estimate of 41 and a high estimate of 65. The average target predicts an increase of 23.36% from the current stock price of 41.61.

Analyst Consensus: Buy
Target Low Average Median High
Price $41 $51.33 $50 $65
Change -1.47% +23.36% +20.16% +56.21%

Analyst Ratings

The average analyst rating for MGA stock from 16 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 222222
Buy 555433
Hold 8810101111
Sell 000000
Strong Sell 000000
Total 151517161616

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Goldman Sachs
Goldman Sachs
Hold
Maintains
$44$41
Hold Maintains $44$41 -1.47% Oct 1, 2024
Morgan Stanley
Morgan Stanley
Hold
Downgrades
$55$43
Hold Downgrades $55$43 +3.34% Sep 25, 2024
Wells Fargo
Wells Fargo
Hold
Maintains
$43$44
Hold Maintains $43$44 +5.74% Sep 20, 2024
Morgan Stanley
Morgan Stanley
Buy
Maintains
$60$55
Buy Maintains $60$55 +32.18% Aug 14, 2024
RBC Capital
RBC Capital
Hold
Maintains
$57$47
Hold Maintains $57$47 +12.95% Aug 13, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
44.29B
from 42.80B
Increased by 3.49%
Revenue Next Year
45.24B
from 44.29B
Increased by 2.14%
EPS This Year
5.65
from 4.23
Increased by 33.57%
EPS Next Year
6.62
from 5.65
Increased by 17.12%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
39.43B32.65B36.24B37.84B42.80B44.29B45.24B45.67B
Revenue Growth
-3.42%-17.20%11.01%4.41%13.10%3.49%2.14%0.97%
EPS
5.592.525.002.034.235.656.627.44
EPS Growth
-15.43%-54.92%98.41%-59.40%108.37%33.57%17.12%12.37%
Forward PE
-----7.366.295.60
No. Analysts -----19199
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 45.9B 48.0B 47.9B
Avg 44.3B 45.2B 45.7B
Low 41.4B 41.0B 41.2B

Revenue Growth

Revenue Growth 20242025202620272028
High
7.3%
8.4%
5.9%
Avg
3.5%
2.1%
1.0%
Low
-3.3%
-7.4%
-9.0%

EPS Forecast

EPS 20242025202620272028
High 5.97 7.39 7.88
Avg 5.65 6.62 7.44
Low 5.19 5.64 6.62

EPS Growth

EPS Growth 20242025202620272028
High
41.2%
30.8%
19.0%
Avg
33.6%
17.1%
12.4%
Low
22.8%
-0.3%
-0.0%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.