Magna (MGA) Stock Forecast, Price Target & Predictions
MGA Stock Forecast
Magna stock forecast is as follows: an average price target of $65.63 (represents a 53.41% upside from MGA’s last price of $42.78) and a rating consensus of 'Buy', based on 19 wall street analysts offering a 1-year stock forecast.
MGA Price Target
The average price target for Magna (MGA) is $65.63 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $105.00 to $43.00. This represents a potential 53.41% upside from MGA's last price of $42.78.
MGA Analyst Ratings
According to 19 Wall Street analysts, Magna's rating consensus is 'Buy'. The analyst rating breakdown for MGA stock is 0 'Strong Buy' (0.00%), 11 'Buy' (57.89%), 8 'Hold' (42.11%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Magna Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 06, 2024 | Krista Friesen | CIBC | $47.00 | $39.11 | 20.17% | 9.86% |
| Aug 04, 2024 | Colin Langan | Wells Fargo | $43.00 | $40.43 | 6.36% | 0.51% |
| Jul 16, 2024 | Dan Levy | Barclays | $55.00 | $44.45 | 23.73% | 28.56% |
| Jul 05, 2024 | Jonathan Goldman | Scotiabank | $52.00 | $42.31 | 22.90% | 21.55% |
| May 10, 2024 | Adam Jonas | Morgan Stanley | $60.00 | $46.40 | 29.31% | 40.25% |
| May 06, 2024 | Brian Morrison | TD Securities | $62.00 | $46.40 | 33.62% | 44.93% |
| May 06, 2024 | Tamy Chen | BMO Capital | $60.00 | $46.63 | 28.69% | 40.25% |
| Apr 15, 2024 | Chris McNally | Evercore ISI | $62.00 | $49.84 | 24.40% | 44.93% |
| Feb 14, 2023 | Tom Narayan | RBC Capital | $55.86 | $55.92 | -0.11% | 30.58% |
| Feb 01, 2023 | - | BMO Capital | $74.00 | $64.94 | 13.95% | 72.98% |
The latest Magna stock forecast, released on Aug 06, 2024 by Krista Friesen from CIBC, set a price target of $47.00, which represents a 20.17% increase from the stock price at the time of the forecast ($39.11), and a 9.86% increase from MGA last price ($42.78).
Magna Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 8 |
| Avg Price Target | - | - | $55.13 |
| Last Closing Price | $42.78 | $42.78 | $42.78 |
| Upside/Downside | -100.00% | -100.00% | 28.87% |
In the current month, the average price target of Magna stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Magna's last price of $42.78. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 25, 2024 | Morgan Stanley | Overweight | Equal-Weight | Downgrade |
| Sep 04, 2024 | Wolfe Research | Peer Perform | Underperform | Downgrade |
| Aug 06, 2024 | CIBC | Neutral | Neutral | Hold |
| Aug 04, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Jul 16, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jul 05, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Jul 01, 2024 | Exane BNP Paribas | - | Outperform | Upgrade |
| May 10, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| May 06, 2024 | TD Securities | Buy | Buy | Hold |
| May 06, 2024 | BMO Capital | Outperform | Outperform | Hold |
Magna's last stock rating was published by Morgan Stanley on Sep 25, 2024. The company Downgrade its MGA rating from "Overweight" to "Equal-Weight".
Magna Financial Forecast
Magna Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $10.74B | - | - | $10.67B | $9.57B | $9.27B | $9.36B | $9.64B | $9.11B | $7.92B | $9.03B | $10.18B | $10.57B | $9.13B | $4.29B | $8.66B | $9.39B | $9.32B |
| Avg Forecast | $10.48B | $10.65B | $10.82B | $10.99B | $10.52B | $10.40B | $10.89B | $10.70B | $10.20B | $10.51B | $11.05B | $11.07B | $10.65B | $10.45B | $10.46B | $9.87B | $9.42B | $8.94B | $8.93B | $9.18B | $8.92B | $7.72B | $9.24B | $9.53B | $10.26B | $9.04B | $4.12B | $8.43B | $9.27B | $9.29B |
| High Forecast | $10.77B | $10.95B | $11.12B | $11.29B | $10.81B | $10.68B | $11.19B | $10.99B | $10.30B | $10.79B | $11.36B | $11.37B | $10.84B | $10.69B | $10.75B | $10.15B | $9.68B | $8.94B | $8.93B | $9.18B | $8.92B | $7.72B | $9.24B | $9.53B | $10.26B | $9.04B | $4.12B | $8.43B | $9.27B | $9.29B |
| Low Forecast | $10.23B | $10.40B | $10.56B | $10.72B | $10.27B | $10.15B | $10.63B | $10.44B | $10.13B | $10.25B | $10.79B | $10.80B | $10.49B | $10.19B | $10.21B | $9.64B | $9.20B | $8.94B | $8.93B | $9.18B | $8.92B | $7.72B | $9.24B | $9.53B | $10.26B | $9.04B | $4.12B | $8.43B | $9.27B | $9.29B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 7 | 3 | 2 | 2 | 4 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 9 | 9 | 9 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | - | - | 1.08% | 1.02% | 1.04% | 1.05% | 1.05% | 1.02% | 1.03% | 0.98% | 1.07% | 1.03% | 1.01% | 1.04% | 1.03% | 1.01% | 1.00% |
Magna's average Quarter revenue forecast for Mar 24 based on 2 analysts is $11.07B, with a low forecast of $10.80B, and a high forecast of $11.37B. MGA's average Quarter revenue forecast represents a 3.03% increase compared to the company's last Quarter revenue of $10.74B (Dec 23).
Magna EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 7 | 3 | 2 | 2 | 4 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 9 | 9 | 9 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $952.62M | - | - | $802.00M | $705.00M | $782.00M | $718.00M | $876.00M | $941.00M | $614.00M | $931.00M | $1.13B | $1.46B | $1.13B | $-266.00M | $739.00M | $967.00M | $893.00M |
| Avg Forecast | $892.99M | $907.57M | $921.94M | $935.93M | $896.60M | $885.85M | $927.82M | $911.21M | $868.96M | $895.03M | $941.58M | $857.16M | $907.08M | $890.56M | $891.55M | $779.24M | $510.65M | $835.44M | $834.12M | $708.40M | $833.06M | $721.66M | $863.02M | $1.02B | $958.44M | $844.44M | $384.68M | $740.92M | $866.10M | $867.57M |
| High Forecast | $917.57M | $932.54M | $947.31M | $961.69M | $921.28M | $910.23M | $953.35M | $936.28M | $877.42M | $919.66M | $967.49M | $1.03B | $923.59M | $910.79M | $916.09M | $935.09M | $612.78M | $835.44M | $834.12M | $850.08M | $833.06M | $721.66M | $863.02M | $1.23B | $958.44M | $844.44M | $384.68M | $889.11M | $866.10M | $867.57M |
| Low Forecast | $871.68M | $885.90M | $899.93M | $913.59M | $875.20M | $864.71M | $905.67M | $889.46M | $863.04M | $873.66M | $919.10M | $685.73M | $894.04M | $868.19M | $870.27M | $623.39M | $408.52M | $835.44M | $834.12M | $566.72M | $833.06M | $721.66M | $863.02M | $817.24M | $958.44M | $844.44M | $384.68M | $592.74M | $866.10M | $867.57M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | - | - | 1.03% | 1.38% | 0.94% | 0.86% | 1.24% | 1.13% | 0.85% | 1.08% | 1.11% | 1.52% | 1.34% | -0.69% | 1.00% | 1.12% | 1.03% |
2 analysts predict MGA's average Quarter EBITDA for Mar 24 to be $857.16M, with a high of $1.03B and a low of $685.73M. This is -10.02% lower than Magna's previous annual EBITDA (Dec 23) of $952.62M.
Magna Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 7 | 3 | 2 | 2 | 4 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 9 | 9 | 9 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $278.49M | - | - | $209.00M | $95.00M | $289.00M | $-145.00M | $364.00M | $478.00M | $17.00M | $424.00M | $615.00M | $738.00M | $405.00M | $-652.00M | $261.00M | $440.00M | $-364.00M |
| Avg Forecast | $554.53M | $554.53M | $528.94M | $412.35M | $445.65M | $451.02M | $433.52M | $361.12M | $430.71M | $407.38M | $411.51M | $368.37M | $427.31M | $387.08M | $355.05M | $334.88M | $243.52M | $311.48M | $273.04M | $304.44M | $248.72M | $178.90M | $417.16M | $501.40M | $585.40M | $393.27M | $-459.71M | $241.43M | $383.92M | $385.57M |
| High Forecast | $574.37M | $574.37M | $547.86M | $427.10M | $461.59M | $467.16M | $449.02M | $424.52M | $467.37M | $424.53M | $425.02M | $442.04M | $456.58M | $421.74M | $361.29M | $401.86M | $292.22M | $311.48M | $273.04M | $365.32M | $248.72M | $178.90M | $417.16M | $601.68M | $585.40M | $393.27M | $-459.71M | $289.71M | $383.92M | $385.57M |
| Low Forecast | $537.33M | $537.33M | $512.53M | $399.55M | $431.82M | $437.03M | $420.06M | $294.96M | $412.38M | $390.23M | $398.01M | $294.69M | $406.83M | $358.19M | $348.80M | $267.90M | $194.81M | $311.48M | $273.04M | $243.55M | $248.72M | $178.90M | $417.16M | $401.12M | $585.40M | $393.27M | $-459.71M | $193.14M | $383.92M | $385.57M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.65% | - | - | 0.62% | 0.39% | 0.93% | -0.53% | 1.20% | 1.92% | 0.10% | 1.02% | 1.23% | 1.26% | 1.03% | 1.42% | 1.08% | 1.15% | -0.94% |
Magna's average Quarter net income forecast for Mar 24 is $368.37M, with a range of $294.69M to $442.04M. MGA's average Quarter net income forecast represents a 32.27% increase compared to the company's last Quarter net income of $278.49M (Dec 23).
Magna SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 7 | 3 | 2 | 2 | 4 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 9 | 9 | 9 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $581.64M | - | - | $488.00M | $477.00M | $387.00M | $410.00M | $386.00M | $414.00M | $454.00M | $419.00M | $430.00M | $448.00M | $380.00M | $378.00M | $381.00M | $423.00M | $400.00M |
| Avg Forecast | $483.81M | $491.71M | $499.50M | $507.08M | $485.77M | $479.94M | $502.68M | $493.68M | $470.79M | $484.91M | $510.13M | $390.63M | $491.44M | $482.49M | $483.03M | $355.12M | $217.28M | $376.72M | $376.13M | $322.84M | $375.65M | $325.41M | $389.15M | $350.57M | $432.18M | $380.78M | $173.46M | $352.43M | $390.55M | $391.21M |
| High Forecast | $497.13M | $505.24M | $513.24M | $521.03M | $499.14M | $493.15M | $516.51M | $507.26M | $475.38M | $498.26M | $524.17M | $468.76M | $500.39M | $493.46M | $496.32M | $426.14M | $260.73M | $376.72M | $376.13M | $387.40M | $375.65M | $325.41M | $389.15M | $420.69M | $432.18M | $380.78M | $173.46M | $422.91M | $390.55M | $391.21M |
| Low Forecast | $472.26M | $479.97M | $487.57M | $494.97M | $474.17M | $468.49M | $490.68M | $481.90M | $467.58M | $473.34M | $497.96M | $312.51M | $484.38M | $470.37M | $471.50M | $284.10M | $173.82M | $376.72M | $376.13M | $258.27M | $375.65M | $325.41M | $389.15M | $280.46M | $432.18M | $380.78M | $173.46M | $281.94M | $390.55M | $391.21M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.18% | - | - | 1.37% | 2.20% | 1.03% | 1.09% | 1.20% | 1.10% | 1.40% | 1.08% | 1.23% | 1.04% | 1.00% | 2.18% | 1.08% | 1.08% | 1.02% |
Magna's average Quarter SG&A projection for Mar 24 is $390.63M, based on 2 Wall Street analysts, with a range of $312.51M to $468.76M. The forecast indicates a -32.84% fall compared to MGA last annual SG&A of $581.64M (Dec 23).
Magna EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 7 | 3 | 2 | 2 | 4 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 9 | 9 | 9 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.97 | - | - | $0.73 | $0.33 | $1.01 | $-0.50 | $1.23 | $1.59 | $0.06 | $1.41 | $2.04 | $2.46 | $1.36 | $-2.18 | $0.86 | $1.44 | $-1.17 |
| Avg Forecast | $1.93 | $1.93 | $1.84 | $1.44 | $1.55 | $1.57 | $1.51 | $1.26 | $1.50 | $1.42 | $1.43 | $1.21 | $1.49 | $1.35 | $1.24 | $0.87 | $0.99 | $1.08 | $0.95 | $1.12 | $0.87 | $0.62 | $1.45 | $1.55 | $2.04 | $1.37 | $-1.60 | $0.82 | $1.34 | $1.34 |
| High Forecast | $2.00 | $2.00 | $1.91 | $1.49 | $1.61 | $1.63 | $1.56 | $1.48 | $1.63 | $1.48 | $1.48 | $1.22 | $1.59 | $1.47 | $1.26 | $0.90 | $1.03 | $1.08 | $0.95 | $1.12 | $0.87 | $0.62 | $1.45 | $1.55 | $2.04 | $1.37 | $-1.60 | $0.82 | $1.34 | $1.34 |
| Low Forecast | $1.87 | $1.87 | $1.78 | $1.39 | $1.50 | $1.52 | $1.46 | $1.03 | $1.44 | $1.36 | $1.39 | $1.19 | $1.42 | $1.25 | $1.21 | $0.84 | $0.96 | $1.08 | $0.95 | $1.12 | $0.87 | $0.62 | $1.45 | $1.55 | $2.04 | $1.37 | $-1.60 | $0.82 | $1.34 | $1.34 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.65% | - | - | 0.84% | 0.33% | 0.93% | -0.53% | 1.10% | 1.84% | 0.09% | 0.97% | 1.32% | 1.21% | 0.99% | 1.36% | 1.05% | 1.08% | -0.87% |
According to 2 Wall Street analysts, Magna's projected average Quarter EPS for Mar 24 is $1.21, with a low estimate of $1.19 and a high estimate of $1.22. This represents a 24.51% increase compared to MGA previous annual EPS of $0.97 (Dec 23).
Magna Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FOXF | Fox Factory | $31.86 | $93.33 | 192.94% | Buy |
| APTV | Aptiv | $52.11 | $132.00 | 153.31% | Buy |
| LEA | Lear | $92.95 | $167.45 | 80.15% | Buy |
| ADNT | Adient | $18.95 | $30.25 | 59.63% | Hold |
| VC | Visteon | $87.11 | $137.60 | 57.96% | Buy |
| MGA | Magna | $42.78 | $65.63 | 53.41% | Buy |
| LKQ | LKQ | $37.60 | $57.50 | 52.93% | Buy |
| AXL | American Axle & Manufacturing | $6.15 | $9.25 | 50.41% | Hold |
| DAN | Dana | $7.87 | $11.75 | 49.30% | Buy |
| BWA | BorgWarner | $33.13 | $48.14 | 45.31% | Buy |
| ALV | Autoliv | $95.67 | $113.47 | 18.61% | Buy |
| GNTX | Gentex | $29.07 | $31.40 | 8.02% | Hold |
| ALSN | Allison Transmission | $115.98 | $86.00 | -25.85% | Hold |