Viewing Company Magna Int'l. (A) | StockChase
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Compiling comments that experts make about stocks while on public TV.

Magna Int'l. (A) Stock Symbol: MG-T

Last Price Recorded: $60.5400 on 2017-05-26

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Date Signal Expert Opinion Price
2017-05-26 HOLD Stan Wong

Shares are very, very cheap, trading at less than 8X forward earnings. They are trying to get more content with higher margins into the car, rather than trying to build market share with more cars, and doing a pretty good job. The communications out of Washington in terms of taxing certain things and NAFTA are probably hurting companies like this. Also, we are getting into the later stages of the new car cycle. Decent dividend of about 2.5%.


Price:
$60.540
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-05-24 DON'T BUY Zachary Curry

Linamar (LNR-T), Magna (MG-T) or Martinrea (MRE-T)? He doesn’t find the overall environment for auto parts manufacturers very constructive. US auto sales are at their highest levels, running north of 17 million units. This is the 2nd or 3rd year that has been going on. There is the NAFTA free trade agreement in question. Also, auto loans are coming into real focus, which in his view, are not very positive. There is some debate as to how these companies can move from an internal combustion engine to an electric car. This is too dangerous a time to be going in right now.


Price:
$60.110
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-05-24 PAST TOP PICK Brian Madden

(A Top Pick Aug 29/16. Up 16%.) The stock faded a little on fears of the auto cycle plateauing. Investors may have forgotten that this is not just a North American auto parts Company, they have a great platform in Europe, as well as growing in Asia. They recently just reported a great quarter. He continues to like this.


Price:
$60.110
Subject:
CANADIAN EQUITIES, FIXED INCOME & ASSET ALLOCATION
Bias:
UNKNOWN
Owned:
Yes
2017-05-17 TOP PICK David Baskin

One of the world’s great auto parts manufacturing companies, with sales of almost $40 billion. A real Canadian superstar. It is way undervalued trading at 7.5X earnings. Whether we end up driving electric cars or gas cars, this company is going to sell a lot of the parts. Strong management. Has diversification across so many different OEMs. Dividend yield of 2.4%. (Analysts’ price target is $53.79.)


Price:
$60.140
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-05-15 PAST TOP PICK Alex Ruus

(A Top Pick April 21/16. Up 16.76%.) This continues to grow, despite all the skeptics saying the auto cycle is coming to an end. Trading at 7X next year’s earnings and 3.9X EBITDA, which is unheard of for this size of company. 2.5% dividend, which increases every year.


Price:
$62.540
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-05-11 COMMENT Hap (Robert) Sneddon FCSI

The street liked the earnings that were reported. The chart shows a bottom in mid April. There is now a double bottom test. A really good name. You want to see this hold the $62 or break above that. If it does so, there is going to be a little bit of resistance right around $75.


Price:
$61.170
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-01 COMMENT Paul Harris, CFA

You have to consider what the auto cycle look like. There has been a strong run-up in auto sales in the last 2-3 years, and people are thinking that is going to come down. That may be true, but this company is more of an international company, so if auto sales are 1%-3%, this company should do a little better because they supply other parts of it. This is not expensive, trading at about 7X earnings and 4.7X EV to EBITDA, and it has a decent yield. You are going to have to wait it out a little longer to see a stabilization in the auto cycle. This company has the ability to grow, not only through acquisition, but they can grow in Asia as well.


Price:
$57.420
Subject:
GLOBAL
Bias:
OPTIMISTIC
Owned:
Unknown
2017-04-27 COMMENT Mike S. Newton, CIM FCSI

Linamar (LNR-T) or Magna (MG-T)? Both are great names. This one is more of a pure play in what he is trying to look for in the auto parts area. It is having a difficult time getting off the ground with a lot of doubts about Europe and what is going on with currencies. He would like to get back into this. If you believe the global economy is picking up, and you want to have a great global name that you can buy with the Cdn$, this is certainly one of the top class name he would be looking at.


Price:
$56.390
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-04-25 PAST TOP PICK Brooke Thackray

(A Top Pick Feb 23/17. Down 4.3%.) An example of a company that typically does well from February into the end of April. This hit the seasonal period, but the car companies just didn’t do that well.


Price:
$56.290
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
No
2017-04-13 COMMENT Paul Harris, CFA

Not expensive at 7X earnings, and has a decent dividend yield. The car industry kind of collapsed in 2008-2009 and then it took off. The number of cars sold is off the charts in the last several years. There is a feeling that this volume cannot continue. Magna is a parts producer so they deal with everybody. Even though the car industry may grow at 1%, Magna could probably grow at between 3% and 5%. You should see better margin improvements. The car industry will probably have most of its growth in emerging markets over the next several years, and they are moving into that area. They have a pristine balance sheet, so they could look for some acquisitions. Dividend yield of 2.8%.


Price:
$52.780
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2017-04-11 COMMENT Cole Kachur

This seems to be staying in the $50-$60 range. Last earnings were a little disappointing in terms of margins having come down a little. There are probably some worries on their exposure to the euro zone. There is talk about peak auto and how that might impact their business, but not sure he subscribes to that. He would look at this at around $50. There is a technical barrier there, and if it bounces then a little bit of profit. If it breaks down though that, it might continue to go down. There are better places for cyclical money.


Price:
$53.580
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-04-10 DON'T BUY Hap (Robert) Sneddon FCSI

He was looking at this at around the $56-$61 level. It has some weakness to work through. It will probably get to a couple of the low touch points of around $50. He would not touch this right now. All the values he looks at are weakening.


Price:
$53.630
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2017-04-06 HOLD Stan Wong

This has been a little flat. The 200-day moving average has been slowly evolving upward. It has dropped because of uncertainty about the Trump administration and what happens with the possible border tax. There is also the question about how auto sales are going. However, it is trading at a very cheap valuation at 7X forward earnings, and is growing at about 9%. They are trying to get to all the different spaces in the car in terms of providing auto parts. Even though auto sales might be coming down, they are grabbing more market share within the cars and trucks.


Price:
$53.430
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-04-05 PAST TOP PICK Brian Madden

(A Top Pick Aug 29/16. Up 3%.) Feels people are reacting too much to peak auto sales. This sold off 4%-6% this week alone, just on weak sales numbers for the month of March, but one month doesn’t really make a trend. More importantly, the US is not the only auto market in the world. This company is selling in Europe and in Asia. They are also increasing content per vehicle.


Price:
$53.440
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
Yes
2017-03-27 DON'T BUY David Fingold

He would not buy it at these levels.  It has nothing to do with quality or valuation.  It is because the levels of auto production are quite elevated.  What if the economy slows?  He is not involved in auto parts now because he bought it when it was out of favour.  Most of the auto demand is behind us.


Price:
$57.780
Subject:
NORTH AMERICAN/GLOBAL
Bias:
SELECTIVE
Owned:
No
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