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Magna International (MGA) Stock Forecast & Price Target

$42.27
-0.26 (-0.61%)
(As of 07/5/2024 08:53 PM ET)
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Magna International - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 16 Analyst Ratings

Consensus Price Target

$58.13
37.53% Upside
High Forecast$71.00
Average Forecast$58.13
Low Forecast$46.00
TypeCurrent Forecast
7/9/23 to 7/8/24		1 Month Ago
6/9/23 to 6/8/24		3 Months Ago
4/10/23 to 4/9/24		1 Year Ago
7/9/22 to 7/9/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
Hold
11 Hold rating(s)
11 Hold rating(s)
10 Hold rating(s)
6 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$58.13$60.00$63.93$63.83
Forecasted Upside37.53% Upside21.82% Upside15.36% Upside16.30% Upside

MGA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MGA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Magna International Stock vs. The Competition

TypeMagna InternationalAuto/Tires/Trucks CompaniesS&P 500
Consensus Rating Score
2.31
2.47
2.50
Consensus RatingHoldHoldModerate Buy
Predicted Upside37.53% Upside345.74% Upside12.25% Upside
News Sentiment RatingPositive News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/1/2024BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating		J. Picariello
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeNeutral ➝ Outperform
6/25/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual Weight ➝ Equal Weight$49.00 ➝ $46.00+9.58%
5/10/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$65.00 ➝ $60.00+28.70%
5/6/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetMarket Perform ➝ Market Perform$60.00 ➝ $57.00+22.92%
5/6/2024TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy$63.00 ➝ $62.00+33.94%
5/6/2024National Bankshares
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetMarket Perform$60.00 ➝ $57.00+23.14%
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5/6/2024Evercore
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetIn-Line$62.00 ➝ $60.00+29.62%
5/6/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetSector Perform$59.00 ➝ $55.00+18.82%
5/6/2024CIBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral$59.00 ➝ $54.00+16.66%
5/6/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual Weight ➝ Equal Weight$62.00 ➝ $60.00+29.37%
5/6/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$56.00 ➝ $48.00+3.85%
4/22/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$69.00 ➝ $71.00+45.91%
2/12/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral$60.00 ➝ $57.00+2.96%
2/12/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$67.00 ➝ $65.00+17.92%
2/12/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetSector Perform ➝ Sector Perform$61.00 ➝ $60.00+8.85%
1/17/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral$59.00 ➝ $60.00+11.94%
7/6/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Buy$65.00 ➝ $85.00+50.51%
11/8/2022Benchmark
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy$77.00 ➝ $73.00+29.07%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 09:07 AM ET.

MGA Forecast - Frequently Asked Questions

What is Magna International's forecast for 2024?

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Magna International is $58.13, with a high forecast of $71.00 and a low forecast of $46.00.

Should I buy or sell Magna International stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 11 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MGA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGA, but not buy additional shares or sell existing shares.

Does Magna International's stock price have much upside?

According to analysts, Magna International's stock has a predicted upside of 19.96% based on their 12-month stock forecasts.

Has Magna International been upgraded or downgraded by Wall Street analysts recently?

Over the previous 90 days, Magna International's stock had 1 upgrade and 1 downgrade by analysts.

What analysts cover Magna International?

Magna International has been rated by research analysts at Barclays, BNP Paribas, CIBC, Evercore, JPMorgan Chase & Co., Morgan Stanley, National Bankshares, Raymond James, Scotiabank, TD Securities, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Magna International more than its competitors?

Analysts like Magna International less than other "auto/tires/trucks" companies. The consensus rating score for Magna International is 2.31 while the average consensus rating score for "auto/tires/trucks" companies is 2.47. Learn more on how MGA compares to other companies.


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This page (NYSE:MGA) was last updated on 7/8/2024 by MarketBeat.com Staff

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