Magna International (MGA)
(Real Time Quote from BATS)
$40.58 USD
-2.43 (-5.65%)
Updated Aug 2, 2024 10:56 AM ET
4-Sell of 5 4
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 |
---|---|---|---|
$54.76 | $73.00 | $46.00 | 27.32% |
Price Target
Based on short-term price targets offered by 17 analysts, the average price target for Magna comes to $54.76. The forecasts range from a low of $46.00 to a high of $73.00. The average price target represents an increase of 27.32% from the last closing price of $43.01.
Analyst Price Targets (17)
Broker Rating
Magna currently has an average brokerage recommendation (ABR) of 2.06 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 2.11 a month ago based on 18 recommendations.
Of the 18 recommendations deriving the current ABR, eight are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 44.44% and 5.56% of all recommendations. A month ago, Strong Buy represented 44.44%.
Broker Rating Breakdown
![Broker Rating Visualization](https://widget3.zacks.com/images/charts/bar/brokerage/bar/MGA.png)
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 8 | 8 | 8 | 7 | 7 |
Buy | 1 | 0 | 0 | 0 | 0 |
Hold | 9 | 10 | 10 | 11 | 11 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 2.06 | 2.11 | 2.11 | 2.22 | 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 |
---|---|---|---|---|
7/29/2024 | Not Identified | Not Identified | Hold | Moderate 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 | Wells Fargo Securities | Colin Langan | Hold | Hold |
5/6/2024 | Goldman Sachs | Mark T Delaney | Hold | Hold |
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 |
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 | 2.06 |
ABR (Last week) | 2.11 |
# of Recs in ABR | 18 |
Average Target Price | $54.76 |
LT Growth Rate | 12.90% |
Industry | Automotive - Original Equipment |
Industry Rank by ABR | 229 of 253 |
Current Quarter EPS Est: | 1.46 |