Magna International (MGA)
(Real Time Quote from BATS)
$47.08 USD
+0.11 (0.23%)
Updated May 14, 2024 11:48 AM ET
3-Hold of 5 3
A Value B Growth D Momentum A VGM
Magna (MGA) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$60.06 | $73.00 | $48.00 | 27.87% |
Price Target
Based on short-term price targets offered by 16 analysts, the average price target for Magna comes to $60.06. The forecasts range from a low of $48.00 to a high of $73.00. The average price target represents an increase of 27.87% from the last closing price of $46.97.
Analyst Price Targets (16)
Broker Rating
Magna currently has an average brokerage recommendation (ABR) of 2.22 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 2.25 a month ago based on 18 recommendations.
Of the 18 recommendations deriving the current ABR, seven are Strong Buy, representing 38.89% of all recommendations. A month ago, Strong Buy made up 33.33%, while Buy represented 5.56%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 7 | 7 | 6 | 6 | 6 |
Buy | 0 | 0 | 1 | 1 | 1 |
Hold | 11 | 11 | 11 | 10 | 10 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 2.22 | 2.22 | 2.25 | 2.21 | 2.21 |
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 |
---|---|---|---|---|
5/6/2024 | Scotiabank | Jonathan Goldman | Hold | Hold |
5/6/2024 | Raymond James Ltd. | Michael Glen | Hold | Hold |
5/3/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
4/22/2024 | TD Securities | Brian Morrison | Strong Buy | Strong Buy |
4/19/2024 | CIBC World Markets Corp. | Krista Friesen | Hold | Hold |
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 |
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 | 2.22 |
ABR (Last week) | 2.22 |
# of Recs in ABR | 18 |
Average Target Price | $60.06 |
LT Growth Rate | 16.30% |
Industry | Automotive - Original Equipment |
Industry Rank by ABR | 144 of 252 |
Current Quarter EPS Est: | 1.61 |