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
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 '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 5 | 5 | 5 | 4 | 3 | 3 |
| Hold | 8 | 8 | 10 | 10 | 11 | 11 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 17 | 16 | 16 | 16 |
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 | Buy → Hold Downgrades $55 → $43 | Buy → 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 |
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%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.3% | 8.4% | 5.9% | ||
| Avg | 3.5% | 2.1% | 1.0% | ||
| Low | -3.3% | -7.4% | -9.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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.