Magna International (MGA)
(Delayed Data from NYSE)
$48.34 USD
+0.49 (1.02%)
Updated Apr 19, 2024 04:00 PM ET
After-Market: $48.34 0.00 (0.00%) 7:58 PM ET
4-Sell of 5 4
A Value A Growth B Momentum A VGM
Magna (MGA) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$62.75 | $73.00 | $54.00 | 31.14% |
Price Target
Based on short-term price targets offered by 16 analysts, the average price target for Magna comes to $62.75. The forecasts range from a low of $54.00 to a high of $73.00. The average price target represents an increase of 31.14% from the last closing price of $47.85.
Analyst Price Targets (16)
Broker Rating
Magna currently has an average brokerage recommendation (ABR) of 2.25 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 18 brokerage firms. The current ABR compares to an ABR of 2.21 a month ago based on 17 recommendations.
Of the 18 recommendations deriving the current ABR, six are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 33.33% and 5.56% of all recommendations. A month ago, Strong Buy made up 35.29%, while Buy represented 5.88%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 6 | 6 | 6 | 6 | 7 |
Buy | 1 | 1 | 1 | 1 | 1 |
Hold | 11 | 10 | 10 | 10 | 9 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 2.25 | 2.21 | 2.21 | 2.21 | 2.09 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
4/15/2024 | Evercore Partners | Chris Mcnally | Not Available | Hold |
3/15/2024 | Exane BNP Paribas | James A Picariello | Hold | Hold |
2/12/2024 | BMO Capital Markets | Tamy Chen | Strong Buy | Strong Buy |
2/12/2024 | CIBC World Markets Corp. | Krista Friesen | Strong Buy | Hold |
2/12/2024 | Scotiabank | Jonathan Goldman | Hold | Hold |
2/12/2024 | TD Securities | Brian Morrison | Strong Buy | Strong Buy |
2/12/2024 | Raymond James Ltd. | Michael Glen | Hold | Hold |
11/3/2023 | Not Identified | Not Identified | Strong Buy | Strong Buy |
10/2/2023 | The Benchmark Company | Michael Ward | Strong Buy | Strong Buy |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 2.25 |
ABR (Last week) | 2.21 |
# of Recs in ABR | 18 |
Average Target Price | $62.75 |
LT Growth Rate | 16.30% |
Industry | Automotive - Original Equipment |
Industry Rank by ABR | 152 of 252 |
Current Quarter EPS Est: | 1.26 |