Is Mgic Investment Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 3 Wall Street analysts covering (NYSE: MTG) stock is to Buy MTG stock.
Out of 3 analysts, 1 (33.33%) are recommending MTG as a Strong Buy, 1 (33.33%) are recommending MTG as a Buy, 1 (33.33%) are recommending MTG as a Hold, 0 (0%) are recommending MTG as a Sell, and 0 (0%) are recommending MTG as a Strong Sell.
What is MTG's forecast return on equity (ROE) for 2023-2024?
(NYSE: MTG) forecast ROE is 19.7%, which is considered weak.
What is MTG's Price Target?
According to 3 Wall Street analysts that have issued a 1 year MTG price target, the average MTG price target is $18.00, with the highest MTG stock price forecast at $18.00 and the lowest MTG stock price forecast at $18.00.
On average, Wall Street analysts predict that Mgic Investment's share price could reach $18.00 by Aug 4, 2024. The average Mgic Investment stock price prediction forecasts a potential upside of 7.33% from the current MTG share price of $16.77.
What is MTG's forecast return on assets (ROA) for 2023-2024?
(NYSE: MTG) forecast ROA is 15.02%, which is higher than the forecast US Insurance - Specialty industry average of 7.22%.
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