Magna International - MG Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: C$60.00
  • Forecasted Upside: -4.20%
  • Number of Analysts: 1
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
C$62.63
▲ +0.66 (1.07%)

This chart shows the closing price for MG by one month, three months, or twelve months.

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New Magna International Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for MG and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for MG

Analyst Price Target is C$60.00
▼ -4.20% Downside Potential
This price target is based on 1 analysts offering 12 month price targets for Magna International in the last 3 months. The average price target is C$60.00, with a high forecast of C$60.00 and a low forecast of C$60.00. The average price target represents a -4.20% upside from the last price of C$62.63.

This chart shows the closing price for MG for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart




Current Consensus is Hold

The current consensus among 1 investment analysts is to hold stock in Magna International. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/4/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
3/4/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
6/2/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
8/31/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
11/29/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
2/27/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
4/27/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/27/2024

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
2/12/2024Royal Bank of CanadaLower TargetSector PerformC$61.00 ➝ C$60.00
11/6/2023Royal Bank of CanadaBoost TargetSector PerformC$57.00 ➝ C$58.00
8/8/2023Royal Bank of CanadaBoost TargetSector PerformC$54.00 ➝ C$57.00
5/8/2023Royal Bank of CanadaBoost TargetSector PerformC$52.00 ➝ C$54.00
4/19/2023Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$58.00 ➝ C$52.00
11/23/2022CitigroupLower TargetHoldC$83.00
11/8/2022BenchmarkLower TargetBuyC$73.00
10/5/2022Wells Fargo & CompanyLower TargetOverweightC$62.00
9/28/2022CitigroupLower TargetBuyC$85.00
7/14/2022Morgan StanleyLower TargetBuyC$79.00
6/1/2022Morgan StanleyReiterated RatingBuyC$84.00
6/1/2022The Goldman Sachs GroupReiterated RatingBuyC$72.00
5/3/2022BarclaysReiterated RatingHoldC$82.00
5/2/2022Credit Suisse GroupReiterated RatingOverweightC$78.00
5/2/2022Wells Fargo & CompanyLower TargetOverweightC$72.00
4/6/2022Morgan StanleyReiterated RatingBuyC$90.00
4/5/2022CitigroupLower TargetBuyC$117.00 ➝ C$101.00
3/16/2022Raymond JamesUpgradeHoldC$68.00
3/8/2022BMO Capital MarketsDowngradeHoldC$63.00
2/14/2022Raymond JamesReiterated RatingUnderperformC$86.50
2/14/2022Wells Fargo & CompanyBoost TargetOverweightC$85.00
2/14/2022BenchmarkReiterated RatingBuyC$92.00
1/26/2022JPMorgan Chase & Co.Reiterated RatingBuyC$106.00
12/16/2021Wells Fargo & CompanyUpgradeBuyC$93.00
11/12/2021Credit Suisse GroupReiterated RatingOutperform
11/12/2021CSFBReiterated RatingOutperform
10/20/2021Raymond JamesDowngradeSellC$69.00
10/14/2021Morgan StanleyInitiated CoverageBuyC$96.00
10/11/2021BarclaysDowngradeHoldC$87.00
10/5/2021CIBCLower TargetOutperformC$142.00 ➝ C$128.00
9/28/2021Raymond JamesLower TargetMarket PerfomC$92.00 ➝ C$83.00
8/25/2021CIBCReiterated RatingOutperformC$142.00
8/6/2021CIBCReiterated RatingOutperformC$142.00
7/23/2021CIBCBoost TargetOutperformC$142.00
6/24/2021The Goldman Sachs GroupBoost TargetNeutral ➝ BuyC$97.00 ➝ C$120.00
5/7/2021Raymond JamesBoost TargetMarket PerformC$113.00
4/23/2021TD SecuritiesBoost TargetBuyC$137.50
2/22/2021TD SecuritiesBoost TargetBuyC$100.00
2/22/2021Raymond JamesBoost TargetMarket PerformC$85.00
2/5/2021TD SecuritiesBoost TargetBuyC$85.00
12/3/2020The Goldman Sachs GroupBoost TargetC$77.00 ➝ C$85.00
11/10/2020Raymond JamesBoost TargetMarket PerformC$52.00 ➝ C$61.50
(Data available from 5/28/2019 forward)

News Sentiment Rating

-0.06 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 1 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
10/31/2023
  • 10 very positive mentions
  • 8 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
11/30/2023
  • 4 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/30/2023
  • 1 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
1/29/2024
  • 4 very positive mentions
  • 20 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
2/28/2024
  • 0 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/29/2024
  • 0 very positive mentions
  • 6 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
4/28/2024
  • 3 very positive mentions
  • 7 positive mentions
  • 6 negative mentions
  • 1 very negative mentions
5/28/2024

Current Sentiment

  • 3 very positive mentions
  • 7 positive mentions
  • 6 negative mentions
  • 1 very negative mentions
Magna International logo
Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment provides body and chassis system, battery enclosures, and engineering and testing; and exteriors, including fascia and trims, front end modules, integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, breakthrough lightings, side doors, and greenhouse products. The Power & Vision segment offers electric drive systems and components, such as emotors, inverters, onboard chargers, gearboxes, and e-clutch; dedicated hybrid drives, dual and hybrid dual clutch, and manual transmissions; AWD/4WD products and rear drive modules; transmission, driveline components, and ICE; far camera module, remote camera heads, interior sensing camera, radars, thermal sensing, and domain controllers; interior and exterior mirrors, camera monitoring system driver/occupant monitoring systems, and smart actuators; forward and rear lighting, and lit grilles/panels/displays; latching system, door modules, charge port doors, power system, hinges, and door handles; and modular and textile folding roofs, and hard and soft tops. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle engineering and manufacturing services. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.
Read More

Today's Range

Now: C$62.63
Low: C$62.08
High: C$62.94

50 Day Range

MA: C$67.84
Low: C$61.51
High: C$75.57

52 Week Range

Now: C$62.63
Low: C$61.16
High: C$87.00

Volume

430,164 shs

Average Volume

1,189,388 shs

Market Capitalization

C$17.99 billion

P/E Ratio

13.05

Dividend Yield

4.00%

Beta

1.7

Frequently Asked Questions

What sell-side analysts currently cover shares of Magna International?

The following sell-side analysts have issued reports on Magna International in the last twelve months: Royal Bank of Canada.
View the latest analyst ratings for MG.

What is the current price target for Magna International?

1 Wall Street analysts have set twelve-month price targets for Magna International in the last year. Their average twelve-month price target is C$60.00, suggesting a possible downside of 4.2%. Royal Bank of Canada has the highest price target set, predicting MG will reach C$60.00 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of C$60.00 for Magna International in the next year.
View the latest price targets for MG.

What is the current consensus analyst rating for Magna International?

Magna International currently has 1 hold rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in MG, but not buy more shares or sell existing shares.
View the latest ratings for MG.

What other companies compete with Magna International?

How do I contact Magna International's investor relations team?

Magna International's physical mailing address is 337 Magna Dr, AURORA, ON L4G 7K1, Canada. The company's listed phone number is +1-905-7262462. The official website for Magna International is www.magna.com. Learn More about contacing Magna International investor relations.