MGIC Investment Corporation (MTG)
NYSE: MTG · IEX Real-Time Price · USD
20.36
+0.01 (0.05%)
Apr 25, 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 20.75, with a low estimate of 18 and a high estimate of 24. The average target predicts an increase of 1.92% from the current stock price of 20.36.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for MTG stock from 6 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 2 | 2 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Hold | 3 | 4 | 4 | 4 | 4 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 6 | 6 | 7 | 7 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy → Hold Downgrades $24 → $24 | Buy → Hold | Downgrades | $24 → $24 | +17.88% | Apr 4, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $21 → $24 | Strong Buy | Maintains | $21 → $24 | +17.88% | Feb 2, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $18 → $21 | Hold | Maintains | $18 → $21 | +3.14% | Feb 2, 2024 |
| UBS | UBS | Hold Initiates $19 | Hold | Initiates | $19 | -9.14% | Dec 6, 2023 |
| Barclays | Barclays | Hold Initiates $19 | Hold | Initiates | $19 | -6.68% | Nov 15, 2023 |
Financial Forecast
Revenue This Year
1.23B
from 1.16B
Increased by 6.57%
Revenue Next Year
1.28B
from 1.23B
Increased by 3.90%
EPS This Year
2.49
from 2.49
Decreased by -0.13%
EPS Next Year
2.59
from 2.49
Increased by 4.17%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.3B | 1.4B | 1.4B |
| Avg | 1.2B | 1.3B | 1.3B |
| Low | 1.2B | 1.2B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.1% | 10.3% | 7.4% |
| Avg | 6.6% | 3.9% | 3.4% |
| Low | 2.0% | -2.4% | 0.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.73 | 2.88 | 2.96 |
| Avg | 2.49 | 2.59 | 2.85 |
| Low | 2.33 | 2.45 | 2.76 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 9.6% | 15.7% | 14.3% |
| Avg | -0.1% | 4.2% | 9.9% |
| Low | -6.3% | -1.5% | 6.7% |
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.