Buy, Sell or Hold: Magna International (MGA-N) — Stock Predictions at Stockchase

NYSE:MGA

50.96

0.85 (1.70%) 1d

Showing 1 to 15 of 19 entries

BUY

Likes it here, despite the problems. Very well positioned for a recovery in the auto sector and the migration to EVs. Parts are similar to both segments. Low valuation.

Consumer Products

PAST TOP PICK

(A Top Pick May 21/21, Down 29%) Believed economy re-opening would be good for company. Inflation costs & continued knockdowns negatively affected growth. Strong company with good dividend. Excepting a major recession, will continue to hold.

Consumer Products

BUY

Global leader. Stock's at a good entry point. Exposure to Russia is not huge, but they'll take a write down. Hurt by supply chain issues, plus decline in auto sales. Rock solidly profitable. By 2023, semiconductors will be made at home and auto production will increase.

Consumer Products

COMMENT

Company recently cut guidance which has disappointing investors. High inflation, supply chain issues creating challenges for company. Low stock price creating opportunity for investors. Investors will be rewarded over the long term (3 years).

Consumer Products

COMMENT

Consumer Products

PARTIAL BUY

Model price of $105.79, 36% upside, but we've had a collapse in the stock. He'd buy a half position here, and look for a bounce. Sell at the $112 level. If it goes below $68, he'd be worried, though there's no indication of this yet.

Consumer Products

BUY on WEAKNESS

It's good, making fine products. Wait 3-4 weeks and if it breaks down buy more (if already own).

Consumer Products

PAST TOP PICK

(A Top Pick Jun 08/20, Up 62%) Would have been a top pick if the deal was taken into account. Likes the outlook for cars. There is huge demand for cars right now, but there is a shortage of chips. Magna has been a big beneficiary of increased auto production. Today's move into automatic driving is a good long term play. It will be dilutive in the short term but will put them in the forefront of the automation in cars.

Consumer Products

BUY

They report Friday. A red-hot auto market is a plus, and Magna is the best parts assembler including e-cars. Magna could be exciting.

Consumer Products

BUY

Driven by big pent-up demand for cars after the lockdown this year. MGA is the third-biggest auto parts company in the world. The stock has run up lately, but there's still upside.

Consumer Products

DON'T BUY

Cyclical. 200-day moving average has been falling. Stock meandering sideways. Cheap at 8.8x, but it's cheap for a reason. Late cycle. Risk is its reliance on Detroit automakers.

Consumer Products

HOLD

Industrials have suffered. Moving in a bit of a range. If the market perked up, it could get back to the $70 range. Good solid support back to 2017 levels, around $60. Not a lot of risk or reward right now. If you own it, hold and see if you can get $70 at least.

Consumer Products

HOLD

Historically the time to buy auto stocks is when things look bleak for the industry. This is a top quality company in the space. The auto cycle has been softening and this is causing auto parts stocks to sell off. He would not sell out of any holding at this time.

Consumer Products

HOLD

Whole industry is out of favour. His instinct is not to sell a well capitalized company, just because stock price is down. Global leader. No one has a great understanding of where the industry is going. Global slowdown. Magna has staying power. His instinct says to live with it, if you own it. Tough sector to be in.

Consumer Products

PAST TOP PICK

(August 1, 2017, Up 45%) The auto cycle is still going strong as car production rises. Magna has done very, very well. E-cars haven't wiped out gas cars The entire car sector is cheap. Magna is trading at only 9x forward earnings. A very well-run company with strong earnings growth. They have exposure to the powertrain which is not going away anytime soon.

Consumer Products

Showing 1 to 15 of 19 entries

Magna International(MGA-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 5

Stockchase rating for Magna International is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Magna International(MGA-N) Frequently Asked Questions

What is Magna International stock symbol?

Magna International is a American stock, trading under the symbol MGA-N on the New York Stock Exchange (MGA). It is usually referred to as NYSE:MGA or MGA-N

Is Magna International a buy or a sell?

In the last year, 5 stock analysts published opinions about MGA-N. 5 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Magna International.

Is Magna International a good investment or a top pick?

Magna International was recommended as a Top Pick by on . Read the latest stock experts ratings for Magna International.

Why is Magna International stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Magna International worth watching?

5 stock analysts on Stockchase covered Magna International In the last year. It is a trending stock that is worth watching.

What is Magna International stock price?

On 2022-09-26, Magna International (MGA-N) stock closed at a price of $50.96.

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