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Magna International

MGANYSE
Logo brought to you by Benzinga Data
The dividend Ex-Date was 6 days ago
Consensus Rating1
Outperform
Highest Price Target1
$78.00
Lowest Price Target1
$41.00
Consensus Price Target1
$55.67

Magna International (NYSE:MGA) Stock, Analyst Ratings, Price Targets, Forecasts

Magna International Inc has a consensus price target of $55.67 based on the ratings of 22 analysts. The high is $78 issued by Credit Suisse on May 2, 2022. The low is $41 issued by RBC Capital on November 4, 2024. The 3 most-recent analyst ratings were released by UBS, Scotiabank, and RBC Capital on November 4, 2024, respectively. With an average price target of $46 between UBS, Scotiabank, and RBC Capital, there's an implied 6.83% upside for Magna International Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
2
2
Aug
2
Sep
1
Oct
2
Nov
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
2.4
Sell
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

UBS
Scotiabank
RBC Capital
Wells Fargo
Goldman Sachs

1calculated from analyst ratings

Analyst Ratings for Magna International

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FAQ

Q

What is the target price for Magna International (MGA) stock?

A

The latest price target for Magna International (NYSE:MGA) was reported by UBS on November 4, 2024. The analyst firm set a price target for $45.00 expecting MGA to rise to within 12 months (a possible 4.51% upside). 36 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Magna International (MGA)?

A

The latest analyst rating for Magna International (NYSE:MGA) was provided by UBS, and Magna International maintained their neutral rating.

Q

When was the last upgrade for Magna International (MGA)?

A

The last upgrade for Magna International Inc happened on July 1, 2024 when Exane BNP Paribas raised their price target to N/A. Exane BNP Paribas previously had a neutral for Magna International Inc.

Q

When was the last downgrade for Magna International (MGA)?

A

The last downgrade for Magna International Inc happened on September 25, 2024 when Morgan Stanley changed their price target from $55 to $43 for Magna International Inc.

Q

When is the next analyst rating going to be posted or updated for Magna International (MGA)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Magna International, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Magna International was filed on November 4, 2024 so you should expect the next rating to be made available sometime around November 4, 2025.

Q

Is the Analyst Rating Magna International (MGA) correct?

A

While ratings are subjective and will change, the latest Magna International (MGA) rating was a maintained with a price target of $44.00 to $45.00. The current price Magna International (MGA) is trading at is $43.06, which is out of the analyst’s predicted range.

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