MGIC Investment Corporation (MTG)
NYSE: MTG · Real-Time Price · USD
23.56
-1.48 (-5.91%)
Nov 1, 2024, 4:00 PM EDT - Market closed
MGIC Investment Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for MGIC Investment stock have an average target of 24.5, with a low estimate of 21 and a high estimate of 30. The average target predicts an increase of 3.99% from the current stock price of 23.56.
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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Hold | 5 | 4 | 4 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Maintains $23 → $24 | Hold | Maintains | $23 → $24 | +1.87% | Oct 8, 2024 |
| BTIG | BTIG | Strong Buy Maintains $22 → $25 | Strong Buy | Maintains | $22 → $25 | +6.11% | Aug 5, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $24 → $30 | Strong Buy | Maintains | $24 → $30 | +27.33% | Aug 2, 2024 |
| Barclays | Barclays | Hold Maintains $21 → $23 | Hold | Maintains | $21 → $23 | -2.38% | Aug 2, 2024 |
| Barclays | Barclays | Hold Maintains $20 → $21 | Hold | Maintains | $20 → $21 | -10.87% | Jul 9, 2024 |
Financial Forecast
Revenue This Year
1.23B
Revenue Next Year
1.27B
from 1.23B
Increased by 3.59%
EPS This Year
2.79
from 2.49
Increased by 12.06%
EPS Next Year
2.77
from 2.79
Decreased by -0.68%
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 | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 9.5% | 6.1% |
| Avg | - | 3.6% | 1.9% |
| Low | - | -0.5% | -1.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.03 | 3.01 | 3.24 |
| Avg | 2.79 | 2.77 | 2.96 |
| Low | 2.59 | 2.47 | 2.70 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 22.0% | 8.2% | 17.2% |
| Avg | 12.1% | -0.7% | 6.8% |
| Low | 4.1% | -11.4% | -2.6% |
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.