Magna International Inc. (MGA) Stock Forecast & Predictions

Magna International Inc. MGA: $97.61

337 Magna Drive, Aurora, Ontario, Canada. | Sector: Manufacturing | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.magna.com/

  • Market Cap$28.91B
  • Change (52 Weeks)183.13%
  • Low (52 Weeks)$33.37
  • Magna International Inc. (MGA) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Magna International Inc. (MGA) stock price is $97.61 and the 52 weeks low is $33.37, which means the Magna International Inc. stock price is up 183.13% in the last 12 months.

    Magna International Inc. (MGA) Stock Price has been Trending Strongly with an ADX reading of 40.08 as per the Weekly Chart.

    A Upward trend indicates that Magna International Inc. (MGA) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that MGA Stock price might rise further, 18.75% indicating that MGA Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall MGA stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Magna International Inc. (MGA) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Magna International Inc. (MGA) is based on 19 Institutional Analyst Ratings where 63.16% are on Strong Buy, 21.05% on Moderate Buy, 15.79% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 19 Institutional Analysts, majority recommended MGA stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Magna International Inc..

    Magna International Inc. (MGA) Stock Price Prediction By Analysts


    HighLowAverage
    $136.50$60.60$103.02
    $103.025.54% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for MGA set by the institutional analysts is $103.02 where High Estimate is $136.50, Median $102 and Low $60.60.

    The average price target for MGA by Institutional Analysts is $103.02, which is 5.54% Upside from the current price. So according to the Institutional Analysts, MGA Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Magna International Inc. (MGA) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 388,226 investor portfolio.

    Our algorithm has analysed 388,226 investor portfolio with MGA stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about MGA and holding their positions hoping for a further rise in the stock price and more profit.

    Magna International Inc. (MGA) Stock Forecast Based on News Sentiment


    Bullish
    Based on 11 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about MGA, it shows that Magna International Inc. had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that MGA stock price may surge in the next few weeks.

    Magna International Inc. (MGA) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    CIBC Wold MarketsOutperformInitiated
    TD SecuritiesBuyUpgraded
    Raymond James FinancialMarket PerformUpgraded
    TD SecuritiesBuyUpgraded
    KeyBancOverweightMaintained
    Goldman SachsUpgraded
    Credit SuisseOutperformMaintained
    B of A SecuritiesBuyMaintained
    Raymond James FinancialMarket PerformUpgraded
    ScotiaBankSector OutperformMaintained
    Morgan StanleyUnderweightDowngraded
    KeyBancOverweightMaintained
    CIBCOutperformerMaintained
    BMO CapitalOutperformUpgraded
    TD SecuritiesBuyMaintained
    Credit SuisseOutperformMaintained
    KeyBancOverweightMaintained
    CitigroupBuyMaintained
    BarclaysEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseOutperformMaintained
    CitigroupBuyMaintained
    Credit SuisseOutperformUpgraded
    KeyBancOverweightMaintained
    KeyBancOverweightUpgraded
    CitigroupBuyMaintained
    CitigroupBuyMaintained
    Credit SuisseNeutralMaintained
    CFRAHoldMaintained
    Morgan StanleyUnderweightMaintained
    CitigroupBuyMaintained
    BarclaysEqual-WeightMaintained
    Credit SuisseNeutralInitiated
    Seaport GlobalBuyInitiated
    BMO Capital MarketsMarket PerformDowngraded
    BMO CapitalMarket PerformDowngraded
    CitigroupBuyMaintained
    Wells FargoOutperformMaintained
    JPMorgan ChaseUnderweightDowngraded
    CIBC World MarketsUpgraded
    TD SecuritiesBuyUpgraded
    KeyBancSector WeightInitiated
    CitigroupBuyMaintained
    Wolfe ResearchOutperformInitiated
    Cormark SecuritiesUpgraded
    Morgan StanleyUnderweightMaintained
    CitigroupBuyMaintained
    JP MorganOverweightMaintained
    CitigroupBuyMaintained
    Evercore ISI GroupOutperformInitiated
    BMO CapitalOutperformUpgraded
    Morgan StanleyUnderweightDowngraded
    CitigroupBuyMaintained
    Deutsche BankBuyMaintained
    BMO Capital MarketsMarket PerformInitiated
    Wells FargoOutperformUpgraded
    Bank of AmericaBuyUpgraded
    KeyBancBuyMaintained
    Morgan StanleyEqual-WeightDowngraded
    CitigroupBuyMaintained
    Deutsche BankBuyMaintained
    Edward JonesHoldDowngraded
    TD SecuritiesHoldDowngraded
    MacquarieNeutralDowngraded
    Bank of AmericaUnderperformDowngraded
    Deutsche BankBuyMaintained
    CitigroupBuyMaintained
    BMO CapitalMarket PerformDowngraded
    Morgan StanleyOverweightMaintained
    Credit SuisseOutperformMaintained
    Deutsche BankBuyMaintained
    CitigroupBuyUpgraded
    RBC CapitalOutperformMaintained
    SusquehannaNeutralInitiated
    JP MorganOverweightUpgraded
    Deutsche BankBuyMaintained
    CIBCSector PerformMaintained
    Deutsche BankBuyUpgraded
    RBC CapitalOutperformMaintained
    JP MorganNeutralMaintained
    Deutsche BankHoldMaintained
    CitigroupNeutralMaintained
    JP MorganNeutralMaintained
    JP MorganNeutralMaintained
    Canaccord GenuityBuyUpgraded
    JP MorganNeutralMaintained
    CitigroupNeutralMaintained
    Deutsche BankHoldMaintained
    JP MorganNeutralMaintained
    Credit SuisseOutperformInitiated
    CitigroupNeutralMaintained
    KeyBancBuyMaintained
    Deutsche BankHoldMaintained
    JP MorganNeutralMaintained
    CitigroupHoldMaintained
    CIBCSector OutperformMaintained
    JP MorganNeutralMaintained
    UBSNeutralInitiated
    JP MorganNeutralMaintained
    Morgan StanleyOverweightMaintained
    CitigroupNeutralMaintained
    TD SecuritiesBuyInitiated
    JP MorganNeutralUpgraded
    Goldman SachsNeutralUpgraded
    Deutsche BankHoldMaintained
    Deutsche BankHoldMaintained
    Deutsche BankHoldMaintained
    Deutsche BankHoldMaintained
    Deutsche BankHoldMaintained
    BMO CapitalOutperformMaintained
    CitigroupSellMaintained
    BMO CapitalOutperformMaintained
    KeyBancBuyUpgraded
    Deutsche BankHoldMaintained
    ScotiabankSector PerformDowngraded
    BMO CapitalOutperformMaintained
    GuggenheimNeutralInitiated
    Deutsche BankHoldMaintained
    Goldman SachsSellMaintained
    CitigroupHoldMaintained
    JP MorganUnderweightInitiated
    Deutsche BankHoldMaintained
    Deutsche BankHoldMaintained
    CitigroupSellDowngraded

    Magna International Inc. (MGA) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.860
    The average consensus EPS for MGA is $1.860 with a high estimate of $2.173 and Low of $1.284 for the period 2021-06-30 and based on 16 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $2.83$2.08062020-12-31


    The latest average Earning Per Share Estimate for Magna International Inc. is $1.86, which is lower than MGA's last EPS, $2.83. This means that Analysts are expecting Magna International Inc. to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Magna International Inc..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $2.83$2.08062020-12-31
    $1.95$1.37419510000000012020-09-30
    $-1.71$-1.61710000000000022020-06-30
    $1.4$0.76838000000000012020-03-31
    $1.41$1.36927172019-12-31
    $1.41$1.375052019-09-30
    $1.59$1.57120322019-06-30
    $1.63$1.76387499999999992019-03-31
    $1.63$1.6427472018-12-31
    $1.56$1.55914192018-09-30
    $1.67$1.77300080000000022018-06-30
    $1.84$1.7515152018-03-31
    $1.57$1.59222552017-12-31
    $1.37$1.36430712017-09-30
    $1.49$1.51092762017-06-30
    $1.54$1.38002490000000022017-03-31
    $1.31$1.39840012016-12-31
    $1.29$1.2358972016-09-30
    $1.41$1.39392992016-06-30
    $1.22$1.229822016-03-31
    $1.22$1.14011732015-12-31
    $0.97$1.11986752015-09-30
    $1.19$1.20688192015-06-30
    $1.12$1.13446262015-03-31
    $1.26$1.17434422014-12-31
    $1.11$1.036182014-09-30
    $1.185$1.16392014-06-30
    $0.995$1.054722014-03-31
    $1.165$0.78194510000000012013-12-31
    $0.765$0.68324020000000012013-09-30
    $0.89$0.8368752013-06-30
    $0.795$0.74546252013-03-31
    $0.835$0.61413752012-12-31
    $0.565$0.54461252012-09-30
    $0.74$0.6823752012-06-30
    $0.47$0.468652011-09-30
    $0.555$0.6823752011-06-30
    $0.695$0.417152010-06-30
    $0.4625$0.206000000000000022010-03-31
    $-0.0125$0.239475000000000022009-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).