Analyst Ratings for Magna International Inc. (MGA)

Updated: 2017-07-29

Shares of Magna International Inc. (NYSE:MGA) have received a consensus rating of Overweight from Wall Street analysts. About 30 days ago, MGA was issued an average rating of Overweight.

A buy rating was issued by 10 analysts, 0 gave an overweight rating, 7 gave a hold rating, 1 gave an underweight rating, and 1 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 1.

A number of analysts gave price targets for MGA. The highest price target was 68, implying potential capital gains of 42.44 percent. The lowest price target was 35, implying a possible loss of -26.69 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -0.34 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.26 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 2.67 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts revised their estimates downwards. Also over the last month, 5 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of MGA to grow at a rate of -20.45 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of MGA is -0.33.

MGA has traded between a high of 48.90 and a low of 36.77 over the past year. Currently the stock is 29.83 percent higher than its low, and below the high by 2.37 percent. MGA has a P/E ratio of 6.65. Investors typically compare the P/E ratio to a company's peers in the industry. The MGA value stock report compares MGA to some of its peers using value stock charts. The stock has a market capitalization of $23.16 billion. MGA is estimated to release their earnings results for the quarter on 0000-00-00, days from today.