Magna International Inc. (MGA)

Magna International Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for Magna International stock have an average target of 57.43, with a low estimate of 46 and a high estimate of 75. The average target predicts an increase of 31.60% from the current stock price of 43.64.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$46	$57.43	$59	$75
Change	+5.41%	+31.60%	+35.20%	+71.86%

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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	1	1	2	2	2	1
Buy	5	5	4	5	5	6
Hold	10	10	9	8	8	9
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	16	16	15	15	15	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Dan Levy Barclays	Barclays	Hold Maintains $60 → $55	Hold	Maintains	$60 → $55	+26.03%	Jul 16, 2024
Chris McNally Evercore ISI Group	Evercore ISI Group	Hold Maintains $60 → $50	Hold	Maintains	$60 → $50	+14.57%	Jul 15, 2024
Itay Michaeli Citigroup	Citigroup	Hold Maintains $52 → $47	Hold	Maintains	$52 → $47	+7.70%	Jul 12, 2024
Joseph Spak UBS	UBS	Hold Maintains $51 → $46	Hold	Maintains	$51 → $46	+5.41%	Jul 10, 2024
James Picariello Exane BNP Paribas	Exane BNP Paribas	Hold → Buy Upgrades n/a	Hold → Buy	Upgrades	n/a	n/a	Jul 1, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

45.01B

Increased by 5.16%

from 42.80B

Revenue Next Year

46.87B

Increased by 4.14%

from 45.01B

EPS This Year

5.88

Increased by 39.01%

from 4.23

EPS Next Year

7.17

Increased by 21.99%

from 5.88

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	39.43B	32.65B	36.24B	37.84B	42.80B	45.01B	46.87B	49.66B	51.73B	53.52B
Revenue Growth	-3.42%	-17.20%	11.01%	4.41%	13.10%	5.16%	4.14%	5.95%	4.17%	3.47%
EPS	5.59	2.52	5.00	2.03	4.23	5.88	7.17	8.75	9.58	10.08
EPS Growth	-15.43%	-54.92%	98.41%	-59.40%	108.37%	39.01%	21.99%	21.93%	9.51%	5.22%
Forward PE	-	-	-	-	-	7.42	6.08	4.99	4.56	4.33
No. Analysts	-	-	-	-	-	19	18	9	5	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	49.2B	48.9B	53.0B	53.9B	54.8B
Avg	45.0B	46.9B	49.7B	51.7B	53.5B
Low	42.1B	42.1B	45.5B	48.1B	50.7B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	15.0%	8.6%	13.0%	8.5%	5.9%
Avg	5.2%	4.1%	5.9%	4.2%	3.5%
Low	-1.6%	-6.5%	-3.0%	-3.1%	-2.0%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	6.21	7.94	10.88	10.61	10.57
Avg	5.88	7.17	8.75	9.58	10.08
Low	5.29	6.08	7.55	8.33	9.31

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	46.7%	35.0%	51.6%	21.2%	10.4%
Avg	39.0%	22.0%	21.9%	9.5%	5.2%
Low	25.1%	3.3%	5.2%	-4.8%	-2.8%

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.