MGIC Investment Corporation (MTG)
NYSE: MTG · Real-Time Price · USD
24.97
+0.24 (0.97%)
Nov 21, 2024, 4:00 PM EST - 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 25.5, with a low estimate of 22 and a high estimate of 30. The average target predicts an increase of 2.12% from the current stock price of 24.97.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 4 | 4 | 3 | 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 |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Hold Maintains $28 → $27 | Hold | Maintains | $28 → $27 | +8.13% | Nov 6, 2024 |
| Barclays | Barclays | Hold Maintains $23 → $24 | Hold | Maintains | $23 → $24 | -3.88% | Oct 8, 2024 |
| BTIG | BTIG | Strong Buy Maintains $22 → $25 | Strong Buy | Maintains | $22 → $25 | +0.12% | Aug 5, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $24 → $30 | Strong Buy | Maintains | $24 → $30 | +20.14% | Aug 2, 2024 |
| Barclays | Barclays | Hold Maintains $21 → $23 | Hold | Maintains | $21 → $23 | -7.89% | Aug 2, 2024 |
Financial Forecast
Revenue This Year
1.23B
Revenue Next Year
1.26B
from 1.23B
Increased by 3.10%
EPS This Year
2.87
from 2.49
Increased by 15.54%
EPS Next Year
2.81
from 2.87
Decreased by -2.26%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.3B | 1.3B | 1.4B |
| Avg | 1.2B | 1.3B | 1.3B |
| Low | 1.2B | 1.2B | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 8.0% | 7.7% |
| Avg | - | 3.1% | 2.5% |
| Low | - | -0.7% | -1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.02 | 3.01 | 3.23 |
| Avg | 2.87 | 2.81 | 2.93 |
| Low | 2.74 | 2.65 | 2.71 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 21.6% | 4.9% | 15.2% |
| Avg | 15.5% | -2.3% | 4.5% |
| Low | 10.4% | -7.9% | -3.3% |
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.