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NYSE: MGA
Magna International Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for MGA

Based on 11 analysts offering 12 month price targets for Magna International Inc.
Min Forecast
$62.00-4.7%
Avg Forecast
$68.91+5.92%
Max Forecast
$78.00+19.89%

Should I buy or sell MGA stock?

Based on 11 analysts offering ratings for Magna International Inc.
Buy
Strong Buy
3 analysts 27.27%
Buy
3 analysts 27.27%
Hold
5 analysts 45.45%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their MGA stock forecasts and price targets.

MGA stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
BMO Capital
Top 29%
72
BuyUpgrades$74.00+13.74%2023-02-01
TD Securities
Top 45%
56
HoldDowngrades$69.00+6.06%2023-01-25
Wells Fargo
Bottom 4%
4
HoldMaintains$63.00-3.17%2023-01-17
Bank of America
Top 15%
86
HoldDowngrades$72.00+10.67%2023-01-09
Citigroup
Bottom 12%
12
HoldDowngrades$62.00-4.70%2022-11-23
Benchmark
Top 3%
98
Strong BuyMaintains$73.00+12.20%2022-11-08
Morgan Stanley
Top 33%
68
Strong BuyMaintains$72.00+10.67%2022-11-07
RBC Capital
Bottom 1%
1
BuyMaintains$65.00-0.09%2022-11-07
Goldman Sachs
Top 8%
93
Strong BuyMaintains$66.00+1.44%2022-10-11
Anonymous
Goldman Sachs
Strong BuyMaintains$72.00+10.67%2022-06-01

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Forecast return on equity

Is MGA forecast to generate an efficient return?
Company
26.88%
Industry
25.21%
Market
47.78%
MGA's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is MGA forecast to generate an efficient return on assets?
Company
10.53%
Industry
8.35%
MGA is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

MGA earnings per share forecast

What is MGA's earnings per share in the next 2 years based on estimates from 5 analysts?
Avg 1 year Forecast
$6.95+113.85%
Avg 2 year Forecast
$9.75+200%
MGA's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

MGA revenue forecast

What is MGA's revenue in the next 2 years based on estimates from 3 analysts?
Avg 1 year Forecast
$41.2B+10.35%
Avg 2 year Forecast
$45.3B+21.06%
MGA's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

MGA earnings growth forecast

How is MGA forecast to perform vs Auto Parts companies and vs the US market?
Company
128.21%
Industry
181.25%
Market
85.2%
MGA's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
MGA's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
MGA's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

MGA revenue growth forecast

How is MGA forecast to perform vs Auto Parts companies and vs the US market?
Company
10.35%
Industry
16.18%
Market
72.18%
MGA's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
MGA's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

MGA vs Auto Part Stocks

TickerPricePrice TargetUp/downsideConsensus
MGA$65.06$68.91+5.92%Buy
LKQ$56.39$66.50+17.93%Strong Buy
BWA$46.97$47.25+0.60%Buy
LEA$140.45$154.55+10.04%Buy
ALV$90.53$98.78+9.11%Buy
View Top Auto Part Stocks

Magna International Stock Forecast FAQ

Is Magna International Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 11 Wall Street analysts covering (NYSE: MGA) stock is to Buy MGA stock.

Out of 11 analysts, 3 (27.27%) are recommending MGA as a Strong Buy, 3 (27.27%) are recommending MGA as a Buy, 5 (45.45%) are recommending MGA as a Hold, 0 (0%) are recommending MGA as a Sell, and 0 (0%) are recommending MGA as a Strong Sell.

If you're new to stock investing, here's how to buy Magna International stock.

What is MGA's earnings growth forecast for 2023-2024?

(NYSE: MGA) Magna International's forecast annual earnings growth rate of 128.21% is not forecast to beat the US Auto Parts industry's average forecast earnings growth rate of 181.25%, and while it is forecast to beat the US market's average forecast earnings growth rate of 85.2%.

Magna International's earnings in 2023 is $961,000,000.On average, 5 Wall Street analysts forecast MGA's earnings for 2023 to be $2,000,905,000, with the lowest MGA earnings forecast at $1,848,318,000, and the highest MGA earnings forecast at $2,130,460,000.

In 2024, MGA is forecast to generate $2,807,025,000 in earnings, with the lowest earnings forecast at $2,807,025,000 and the highest earnings forecast at $2,807,025,000.

What is MGA's revenue growth forecast for 2023-2024?

(NYSE: MGA) Magna International's forecast annual revenue growth rate of 10.35% is not forecast to beat the US Auto Parts industry's average forecast revenue growth rate of 16.18%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 72.18%.

Magna International's revenue in 2023 is $37,382,000,000.On average, 3 Wall Street analysts forecast MGA's revenue for 2023 to be $11,875,684,410,200, with the lowest MGA revenue forecast at $11,643,947,078,500, and the highest MGA revenue forecast at $12,099,285,400,000.

In 2024, MGA is forecast to generate $13,028,520,077,000 in revenue, with the lowest revenue forecast at $13,028,520,077,000 and the highest revenue forecast at $13,028,520,077,000.

What is MGA's forecast return on assets (ROA) for 2023-2024?

(NYSE: MGA) forecast ROA is 10.53%, which is higher than the forecast US Auto Parts industry average of 8.35%.

What is MGA's Price Target?

According to 11 Wall Street analysts that have issued a 1 year MGA price target, the average MGA price target is $68.91, with the highest MGA stock price forecast at $78.00 and the lowest MGA stock price forecast at $62.00.

On average, Wall Street analysts predict that Magna International's share price could reach $68.91 by Feb 1, 2024. The average Magna International stock price prediction forecasts a potential upside of 5.92% from the current MGA share price of $65.06.

What is MGA's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: MGA) Magna International's current Earnings Per Share (EPS) is $3.25. On average, analysts forecast that MGA's EPS will be $6.95 for 2023, with the lowest EPS forecast at $6.42, and the highest EPS forecast at $7.40. In 2024, MGA's EPS is forecast to hit $9.75 (min: $9.75, max: $9.75).

What is MGA's forecast return on equity (ROE) for 2023-2024?

(NYSE: MGA) forecast ROE is 26.88%, which is considered strong.
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