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 most optimistic price target was 68, implying potential capital gains of 42.44 percent. The most pessimistic price target was 35, which equates to a potential downside 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.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -0.34 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.26 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 2.67 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 2 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. During this time, 5 analysts made positive revisions in their estimates for this fiscal year's 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. Many investors consider PEG ratios between 0 and 1 as preferrable, 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.

In the last 52-weeks, MGA has achieved a high of 48.90 and a low of 36.77. Currently the stock is 29.83 percent higher than its low, and 2.37 percent below the high. 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 will post this quarters earnings in days, on 0000-00-00.