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.

Several price targets were given for MGA by the analysts covering the stock. The most optimistic price target was 68, implying potential capital gains of 42.44 percent. The lowest price target was 35, which equates to a potential downside of -26.69 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes -0.34 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0.26 percent. If we look at the last 90 days instead, we find a net average change of 2.67 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. Over the same time period, 5 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of MGA to grow at a rate of -20.45 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. MGA has a PEG ratio of -0.33.

MGA has a 52-week high of 48.90 and a 52-week low of 36.77. Today's price is 29.83 percent above the 52-week low, and 2.37 percent lower than its 52-week high. MGA has a price/earnings 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 will post this quarters earnings in days, on 0000-00-00.