Magna International (MGA)
(Delayed Data from NYSE)
$42.17 USD
+0.17 (0.40%)
Updated Sep 23, 2024 04:00 PM ET
After-Market: $42.15 -0.02 (-0.05%) 7:58 PM 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 |
---|---|---|---|
$49.71 | $60.00 | $33.00 | 18.36% |
Price Target
Based on short-term price targets offered by 17 analysts, the average price target for Magna comes to $49.71. The forecasts range from a low of $33.00 to a high of $60.00. The average price target represents an increase of 18.36% from the last closing price of $42.00.
Analyst Price Targets (17)
Broker Rating
Magna currently has an average brokerage recommendation (ABR) of 2.33 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 2.18 a month ago based on 17 recommendations.
Of the 18 recommendations deriving the current ABR, seven are Strong Buy, representing 38.89% of all recommendations. A month ago, Strong Buy represented 41.18%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 7 | 7 | 7 | 8 | 7 |
Buy | 0 | 0 | 0 | 0 | 0 |
Hold | 10 | 10 | 10 | 10 | 11 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 1 | 1 | 0 | 0 | 0 |
ABR | 2.33 | 2.33 | 2.18 | 2.11 | 2.22 |
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 |
---|---|---|---|---|
9/5/2024 | Not Identified | Not Identified | Not Available | Strong Sell |
8/13/2024 | Not Identified | Not Identified | Moderate Buy | Hold |
8/6/2024 | Raymond James Ltd. | Michael Glen | Hold | Hold |
8/6/2024 | Scotiabank | Jonathan Goldman | Hold | Hold |
8/5/2024 | TD Securities | Brian Morrison | Strong Buy | Strong Buy |
8/5/2024 | Wells Fargo Securities | Colin Langan | Hold | Hold |
8/2/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
7/25/2024 | CIBC World Markets Corp. | Krista Friesen | Hold | Hold |
7/22/2024 | BMO Capital Markets | Tamy Chen | Strong Buy | Strong Buy |
7/16/2024 | Not Identified | Not Identified | Hold | Hold |
7/15/2024 | Evercore Partners | Chris Mcnally | Hold | Hold |
7/12/2024 | Not Identified | Not Identified | Hold | Hold |
7/10/2024 | UBS | Joseph Spak | Hold | Hold |
7/1/2024 | Exane BNP Paribas | James A Picariello | Hold | Strong Buy |
5/6/2024 | Goldman Sachs | Mark T Delaney | Hold | Hold |
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 | 2.33 |
ABR (Last week) | 2.33 |
# of Recs in ABR | 18 |
Average Target Price | $49.71 |
LT Growth Rate | 11.70% |
Industry | Automotive - Original Equipment |
Industry Rank by ABR | 137 of 253 |
Current Quarter EPS Est: | 1.54 |
MGA FAQs
Magna International Inc. (MGA) currently has an average brokerage recommendation (ABR) of 2.33 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 average price target for Magna International Inc. (MGA) is $49.71. The current on short-term price targets is based on 6 reports.
The forecasts for Magna International Inc. (MGA) range from a low of $33 to a high of $60. The average price target represents a increase of $18.36 from the last closing price of $42.00.
The current UPSIDE for Magna International Inc. (MGA) is 18.36%
Based on short-term price targets offered by 17 analysts, the average price target for Magna comes to $49.71. The forecasts range from a low of $33.00 to a high of $60.00. The average price target represents an increase of 18.36% from the last closing price of $42.00.