$49.77
0.46[0.93%]
At close: Apr 23
$49.77
0[0.00%]
After Hours: 4:00PM EDT
Magna International
(NYSE:MGA)Magna International Stock (NYSE:MGA), Analyst Ratings, Price Targets, Predictions
Magna International Inc has a consensus price target of $62.18, established from looking at the 81 latest analyst ratings. The last 3 analyst ratings were released from TD Securities, JP Morgan, and Barclays on April 22, 2024, April 22, 2024, and April 11, 2024. With an average price target of $65.33 between TD Securities, JP Morgan, and Barclays, there's an implied 31.27% upside for Magna International Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
TD Securities
JP Morgan
Barclays
Scotiabank
RBC Capital
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Magna International
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/22/2024 | MGA | Buy Now | Magna International | $49.77 | 26.58% | TD Securities | Brian Morrison | $69 → $63 | Maintains | Buy | Get Alert |
| 04/22/2024 | MGA | Buy Now | Magna International | $49.77 | 42.66% | JP Morgan | Ryan Brinkman | $69 → $71 | Maintains | Overweight | Get Alert |
| 04/11/2024 | MGA | Buy Now | Magna International | $49.77 | 24.57% | Barclays | Dan Levy | $63 → $62 | Maintains | Equal-Weight | Get Alert |
| 02/12/2024 | MGA | Buy Now | Magna International | $49.77 | 18.55% | Scotiabank | Jonathan Goldman | $62 → $59 | Maintains | Sector Perform | Get Alert |
| 02/12/2024 | MGA | Buy Now | Magna International | $49.77 | 20.55% | RBC Capital | Tom Narayan | $61 → $60 | Maintains | Sector Perform | Get Alert |
| 02/12/2024 | MGA | Buy Now | Magna International | $49.77 | 30.6% | BMO Capital | Tamy Chen | — | Maintains | Outperform | Get Alert |
| 01/25/2024 | MGA | Buy Now | Magna International | $49.77 | 54.71% | JP Morgan | Ryan Brinkman | $80 → $77 | Maintains | Overweight | Get Alert |
| 01/24/2024 | MGA | Buy Now | Magna International | $49.77 | 26.58% | Barclays | Dan Levy | $65 → $63 | Maintains | Equal-Weight | Get Alert |
| 01/03/2024 | MGA | Buy Now | Magna International | $49.77 | 16.54% | Goldman Sachs | Mark Delaney | $73 → $58 | Downgrade | Buy → Neutral | Get Alert |
| 11/06/2023 | MGA | Buy Now | Magna International | $49.77 | 16.54% | RBC Capital | Tom Narayan | $57 → $58 | Maintains | Sector Perform | Get Alert |
| 10/11/2023 | MGA | Buy Now | Magna International | $49.77 | 16.54% | Citigroup | Itay Michaeli | $61 → $58 | Maintains | Neutral | Get Alert |
| 10/10/2023 | MGA | Buy Now | Magna International | $49.77 | 16.54% | UBS | Joseph Spak | $63 → $58 | Maintains | Neutral | Get Alert |
| 10/03/2023 | MGA | Buy Now | Magna International | $49.77 | 18.55% | Wells Fargo | Colin Langan | $66 → $59 | Maintains | Equal-Weight | Get Alert |
| 09/13/2023 | MGA | Buy Now | Magna International | $49.77 | 26.58% | UBS | Joseph Spak | → $63 | Initiates | → Neutral | Get Alert |
| 09/08/2023 | MGA | Buy Now | Magna International | $49.77 | 50.69% | CIBC | Krista Friesen | $73 → $75 | Maintains | Outperformer | Get Alert |
| 08/24/2023 | MGA | Buy Now | Magna International | $49.77 | 22.56% | Scotiabank | Jonathan Goldman | → $61 | Initiates | → Sector Perform | Get Alert |
| 08/16/2023 | MGA | Buy Now | Magna International | $49.77 | 22.56% | Citigroup | Itay Michaeli | $59 → $61 | Maintains | Neutral | Get Alert |
| 08/08/2023 | MGA | Buy Now | Magna International | $49.77 | 14.53% | RBC Capital | Tom Narayan | $54 → $57 | Maintains | Sector Perform | Get Alert |
| 08/08/2023 | MGA | Buy Now | Magna International | $49.77 | 26.58% | Barclays | Dan Levy | $60 → $63 | Maintains | Equal-Weight | Get Alert |
FAQ
What is the target price for Magna International (MGA)?
The latest price target for Magna International (NYSE: MGA) was reported by TD Securities on April 22, 2024. The analyst firm set a price target for $63.00 expecting MGA to rise to within 12 months (a possible 26.58% upside). 31 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Magna International (MGA)?
The latest analyst rating for Magna International (NYSE: MGA) was provided by TD Securities, and Magna International maintained their buy rating.
When was the last upgrade for Magna International (MGA)?
The last upgrade for Magna International Inc happened on July 6, 2023 when B of A Securities raised their price target to $85. B of A Securities previously had a neutral for Magna International Inc.
When was the last downgrade for Magna International (MGA)?
The last downgrade for Magna International Inc happened on January 3, 2024 when Goldman Sachs changed their price target from $73 to $58 for Magna International Inc.
When is the next analyst rating going to be posted or updated for Magna International (MGA)?
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 April 22, 2024 so you should expect the next rating to be made available sometime around April 22, 2025.
Is the Analyst Rating Magna International (MGA) correct?
While ratings are subjective and will change, the latest Magna International (MGA) rating was a maintained with a price target of $69.00 to $63.00. The current price Magna International (MGA) is trading at is $49.77, which is out of the analyst’s predicted range.
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