Magna International (MGA) Stock Forecast & Price Target

$39.82

-1.49 (-3.61%)

(As of 01:57 PM 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 19 Analyst Ratings

Sell
1

Hold
13

Buy
5

Based on 19 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 19 analysts, 1 has given a sell rating, 13 have given a hold rating, and 5 have given a buy rating for MGA.

Consensus Price Target

$49.65
24.46% Upside

According to the 19 analysts' twelve-month price targets for Magna International, the average price target is $49.65. The highest price target for MGA is $62.00, while the lowest price target for MGA is $41.00. The average price target represents a forecasted upside of 24.46% from the current price of $39.82.

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MGA Analyst Ratings Over Time

Type	Current Forecast 11/1/23 to 10/31/24	1 Month Ago 10/2/23 to 10/1/24	3 Months Ago 8/3/23 to 8/2/24	1 Year Ago 11/1/22 to 11/1/23
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)	7 Buy rating(s)	7 Buy rating(s)
Hold	13 Hold rating(s)	13 Hold rating(s)	11 Hold rating(s)	8 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$49.65	$49.94	$53.82	$66.47
Forecasted Upside	24.46% Upside	21.93% Upside	33.16% Upside	37.81% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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.

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.

Magna International Stock vs. The Competition

Type	Magna International	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.21	2.44	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	20.18% Upside	231.45% Upside	9.19% Upside
News Sentiment Rating	Neutral News See Recent MGA News	Positive News	Positive 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
10/29/2024	Royal Bank of Canada 4 of 5 stars	T. Narayan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform	$47.00 ➝ $42.00	+1.60%
10/1/2024	The Goldman Sachs Group 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$44.00 ➝ $41.00	+0.54%
9/30/2024	TD Securities 4 of 5 stars		Lower Target	Buy	$53.00 ➝ $52.00	+26.55%
9/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$55.00 ➝ $43.00	+0.51%
9/20/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$43.00 ➝ $44.00	+5.16%
9/5/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Rosner Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Peer Perform ➝ Underperform
Get the Latest News and Ratings for MGA and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Magna International and its competitors with MarketBeat's FREE daily newsletter.
8/6/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform	$57.00 ➝ $53.00	+36.46%
8/6/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$50.00 ➝ $47.00	+21.01%
8/6/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$52.00 ➝ $50.00	+28.47%
8/6/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$63.00 ➝ $55.00	+41.68%
8/6/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$55.00 ➝ $50.00	+27.68%
7/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$65.00 ➝ $62.00	+40.30%
7/22/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$60.00 ➝ $55.00	+24.32%
7/15/2024	Evercore Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line	$60.00 ➝ $50.00	+11.61%
7/15/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$60.00 ➝ $50.00	+12.23%
7/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$52.00 ➝ $47.00	+5.33%
7/10/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$51.00 ➝ $46.00	+7.23%
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	Neutral ➝ Outperform
5/6/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform	$60.00 ➝ $57.00	+23.14%
11/8/2022	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$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 Thursday at 02:13 PM ET.

MGA Forecast - Frequently Asked Questions

: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Magna International is $49.65, with a high forecast of $62.00 and a low forecast of $41.00.
: 19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last twelve months. There is currently 1 sell rating, 13 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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.
: According to analysts, Magna International's stock has a predicted upside of 24.68% based on their 12-month stock forecasts.
: Over the previous 90 days, Magna International's stock had 1 downgrade by analysts.
: Magna International has been rated by research analysts at Barclays, CIBC, JPMorgan Chase & Co., Morgan Stanley, Raymond James, Royal Bank of Canada, Scotiabank, TD Securities, The Goldman Sachs Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Magna International less than other "auto/tires/trucks" companies. The consensus rating score for Magna International is 2.21 while the average consensus rating score for "auto/tires/trucks" companies is 2.45. Learn more on how MGA compares to other companies.

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This page (NYSE:MGA) was last updated on 10/31/2024 by MarketBeat.com Staff

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Magna International (MGA) Stock Forecast & Price Target