Magna International (MG) Stock Forecast & Price Target

C$60.69 +1.28 (+2.15%)

(As of 12/20/2024 05:17 PM ET)

Magna International - Analysts' Recommendations and Stock Price Forecast (2025)

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 4 Analyst Ratings

Sell
1

Hold
2

Buy
1

Based on 4 Wall Street analysts who have issued ratings for Magna International in the last 12 months, the stock has a consensus rating of "Hold." Out of the 4 analysts, 1 has given a sell rating, 2 have given a hold rating, and 1 has given a strong buy rating for MG.

Consensus Price Target

C$60.00
-1.14% Downside

According to the 4 analysts' twelve-month price targets for Magna International, the average price target is C$60.00. The highest price target for MG is C$60.00, while the lowest price target for MG is C$60.00. The average price target represents a forecasted downside of -1.14% from the current price of C$60.69.

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MG Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$60.00	C$60.00	C$60.00	C$58.00
Forecasted Upside	-1.14% Downside	-4.84% Downside	5.34% Upside	-25.89% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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MG 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.

MG 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.

Magna International Stock vs. The Competition

Type	Magna International	Consumer Cyclical Companies
Consensus Rating Score	2.25	2.67
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News See Recent MG News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating
12/11/2024	The Goldman Sachs Group 2 of 5 stars	M. Delaney Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Hold ➝ Strong Sell
12/5/2024	Wolfe Research 3 of 5 stars	E. Rosner Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong Sell ➝ Hold
8/13/2024	Royal Bank of Canada 4 of 5 stars	T. Narayan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Moderate Buy ➝ Hold
7/1/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Picariello Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 05:00 AM ET.

Should I Buy Magna International Stock? MG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, December 12, 2024. Please send any questions or comments about these Magna International pros and cons to contact@marketbeat.com.

Magna International
Bull Case

Here are some ways that investors could benefit from investing in Magna International Inc.:

The current stock price is C$64.25, reflecting a recent increase in trading volume, which indicates growing investor interest and potential upward momentum.
Magna International Inc. has a solid market capitalization of C$18.38 billion, suggesting a stable financial position and the ability to invest in growth opportunities.
The company has a P/E ratio of 13.55, which is relatively low compared to industry averages, indicating that the stock may be undervalued and could offer good returns as the market corrects.
Recent upgrades from analysts, such as Wolfe Research moving the rating from "strong sell" to "hold," suggest a more favorable outlook for the company's performance.
Magna International Inc. has a consistent dividend payout, with a recent quarterly dividend of $0.475 per share, providing investors with a reliable income stream and a dividend yield of 2.97%.

Magna International
Bear Case

Investors should be bearish about investing in Magna International Inc. for these reasons:

The company has a high debt-to-equity ratio of 62.12, which may indicate financial risk, as it relies significantly on debt to finance its operations.
Analysts have issued mixed ratings, with Royal Bank of Canada downgrading the stock from "moderate buy" to "hold," reflecting uncertainty about future performance.
Despite recent stock price movements, the company has faced challenges in maintaining consistent growth, as indicated by fluctuations in its moving averages.
The quick ratio of 0.83 suggests that Magna International Inc. may struggle to meet its short-term liabilities, which could be a concern for liquidity.
Recent cuts to dividends may signal potential cash flow issues, which could affect investor confidence and future payouts.

MG Forecast - Frequently Asked Questions

: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Magna International is C$60.00, with a high forecast of C$60.00 and a low forecast of C$60.00.
: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last twelve months. There is currently 1 sell rating, 2 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MG, but not buy additional shares or sell existing shares.
: According to analysts, Magna International's stock has a predicted downside of -1.14% based on their 12-month stock forecasts.
: Over the previous 90 days, Magna International's stock had 1 upgrade and 1 downgrade by analysts.
: Magna International has been rated by research analysts at The Goldman Sachs Group, and Wolfe Research in the past 90 days.
: Analysts like Magna International less than other "consumer cyclical" companies. The consensus rating for Magna International is Hold while the average consensus rating for "consumer cyclical" companies is Moderate Buy. Learn more on how MG compares to other companies.

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This page (TSE:MG) was last updated on 12/22/2024 by MarketBeat.com Staff

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Magna International (MG) Stock Forecast & Price Target