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.

Many analysts weighed in on price targets for MGA. The most optimistic analyst gave a price target of 68, which equates to a potential upside of 42.44 percent. The minimum price target given was 35, implying a possible loss of -26.69 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing 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. 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.

People are often interested in whether analysts were united in the direction of their 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.

MGA has an estimated earnings growth rate of -20.45 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, 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, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of MGA is -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 below the high by 2.37 percent. 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 market cap of MGA is $23.16 billion. MGA is estimated to release their earnings results for the quarter on 0000-00-00, days from today.