Magna International (MG) Stock Forecast & Price Target

C$60.49 +0.81 (+1.36%)

(As of 10:31 AM ET)

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 3 Analyst Ratings

Sell
1

Hold
1

Buy
1

Based on 3 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 3 analysts, 1 has given a sell rating, 1 has given a hold rating, and 1 has given a strong buy rating for MG.

Consensus Price Target

C$60.00
-0.81% Downside

According to the 3 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 -0.81% from the current price of C$60.49.

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MG Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
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	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$60.00	C$60.00	C$60.00	C$70.50
Forecasted Upside	-0.81% Downside	3.56% Upside	4.33% Upside	-5.29% Downside
Consensus Rating	Hold	Hold	Buy	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	2.33	2.65
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Positive 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	Price Target	Upside/Downside on Report Date
9/5/2024	Wolfe Research 3 of 5 stars	E. Rosner Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong Sell
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 3 of 5 stars	J. Picariello Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
11/23/2022	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$83.00	+1.23%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 10:59 AM ET.

MG Forecast - Frequently Asked Questions

: According to the research reports of 3 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.
: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last twelve months. There is currently 1 sell rating, 1 hold rating and 1 strong buy rating for the stock. The consensus among Wall Street 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 -0.81% based on their 12-month stock forecasts.
: Over the previous 90 days, Magna International's stock had 1 upgrade by analysts.
: Magna International has been rated by research analysts at 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 11/21/2024 by MarketBeat.com Staff

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Magna International (MG) Stock Forecast & Price Target