MGIC Investment Corporation (MTG)
NYSE: MTG · IEX Real-Time Price · USD
23.40
+0.01 (0.04%)
At close: Jul 19, 2024, 4:00 PM
23.35
-0.05 (-0.21%)
After-hours: Jul 20, 2024, 12:58 PM EDT
MGIC Investment Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for MGIC Investment stock have an average target of 21.83, with a low estimate of 18 and a high estimate of 25. The average target predicts a decrease of -6.71% from the current stock price of 23.40.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for MTG stock from 6 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 | 2 | 2 | 2 | 1 | 1 | 1 |
| Buy | 1 | 1 | 0 | 0 | 1 | 1 |
| Hold | 4 | 4 | 5 | 5 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Maintains $20 → $21 | Hold | Maintains | $20 → $21 | -10.26% | Jul 9, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold → Buy Upgrades $24 → $25 | Hold → Buy | Upgrades | $24 → $25 | +6.84% | Jun 3, 2024 |
| UBS | UBS | Hold Maintains $21 → $22 | Hold | Maintains | $21 → $22 | -5.98% | May 22, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy → Hold Downgrades $24 → $24 | Buy → Hold | Downgrades | $24 → $24 | +2.56% | Apr 4, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $21 → $24 | Strong Buy | Maintains | $21 → $24 | +2.56% | Feb 2, 2024 |
Financial Forecast
Revenue This Year
1.22B
from 1.16B
Increased by 5.53%
Revenue Next Year
1.27B
from 1.22B
Increased by 3.94%
EPS This Year
2.57
from 2.49
Increased by 3.39%
EPS Next Year
2.65
from 2.57
Increased by 2.89%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.3B | 1.3B | 1.3B |
| Avg | 1.2B | 1.3B | 1.3B |
| Low | 1.2B | 1.2B | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 10.6% | 10.5% | 5.3% |
| Avg | 5.5% | 3.9% | 1.3% |
| Low | 1.4% | -1.0% | -1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.74 | 2.85 | 2.96 |
| Avg | 2.57 | 2.65 | 2.84 |
| Low | 2.43 | 2.49 | 2.74 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 10.1% | 10.5% | 11.8% |
| Avg | 3.4% | 2.9% | 7.1% |
| Low | -2.4% | -3.3% | 3.6% |
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.