Magna Int'l. (A) | StockChase
799
Magna Int'l. (A) (MG-T)

Last Price Recorded: $68.0500 on 2017-11-16

ON STOCKCHASE SINCE Oct 2000

Automotive

Magna Int'l. (A)



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Date Signal Company Opinion Expert
2017-11-16
PAST TOP PICK

MG-T

$68.050

Magna Int'l. (A)


(A Top Pick Feb 21/17. Up 16%.) This is going to pay off more in the coming year. Earnings are going up and it has a great balance sheet. Trading at 8X next year’s earnings and 5X EV to EBITDA. It’s the 2nd biggest auto parts company globally and is really well positioned. Pays a small 2% yield that increases every year.

Automotive

Alex Ruus

Portfolio Manager

OPTIMISTIC
2017-11-15
PAST TOP PICK

MG-T

$67.610

Magna Int'l. (A)


(A Top Pick Jan 6/17. Up 15%.) They’ve said that regardless of whether it is internal combustion or an electric motor, they will quite happily end up doing well. Thinks it still has a bright future.

Automotive

Robert McWhirter

President

OPTIMISTIC
2017-11-14
BUY

MG-T

$67.240

Magna Int'l. (A)


Has done a good job of adapting to all the peak auto concerns and autonomous cars. There is still going to be a demand for cars regardless, and this company can supply the parts. The balance sheet remains strong. They are buying back shares as well as having a dividend. Still a pretty cheap company. The premier manufacturing company.

Automotive

Ryan Modesto

Managing Partner

2017-11-14
COMMENT

MG-T

$67.240

Magna Int'l. (A)


Had very good earnings. Everybody was talking about the NA car market peaking out, which he thought it did in 2015, but not very fast. The company is threatened by changes in NAFTA. They have plants equally in Canada, Mexico and the US, roughly 17 plants in each country. Has a fully integrated supply network across those 2 borders. If NAFTA talks fail, no one knows what is going to happen. Readjusting to a NAFTA-less world would be difficult for the entire auto industry. They are well positioned for any changes in the auto industry.

Automotive

David Baskin

President

2017-11-13
COMMENT

MG-T

$67.530

Magna Int'l. (A)


He does not follow it specially but has owned a number of related companies.  MG-T is probably Canada’s best known Auto parts supplier.  He thinks it will be as strong if interest rates stay as low as they have been.  They are highly leveraged to strength in the stock market. 

Automotive

Brendan Caldwell

President

SELECTIVE
2017-11-03
BUY

MG-T

$70.330

Magna Int'l. (A)


He is still modelling growth at 12% compounded annually over the next couple of years. A solid balance sheet, so there is still some M&A potential. In Q2, they upped their sales and the free cash flow forecast. Q3 is going to be strong again. The Canadian manufacturers are still a lot cheaper than the US. Trading at around 8X versus its peers at around 8.3X. There is some uncertainty with NAFTA.

Automotive

Greg Newman

Director & Portfolio Manager

BULLISH
2017-11-01
PAST TOP PICK

MG-T

$70.930

Magna Int'l. (A)


(A Top Pick June 22/16. Up 46%.) This was a valuation play, as last year many thought that everyone was going to stop driving. It is no longer undervalued. Pays a reasonable dividend, and is still not expensive, so he is still buying it.

Automotive

Kash Pashootan

Sr. VP & Portfolio Manager

2017-10-31
HOLD

MG-T

$70.380

Magna Int'l. (A)


Remember that a chart just shows you what other people have done, and gives you a clue as to what other people are thinking. This was in an uptrend and then fell out of favour. Chart shows that starting in 2016, it has been in an upward channel. In 2015, this paused out around $73-$74. You have to remember that people bought there and will want to get their money back, so there is going to be some selling pressure. It has to get through those sellers to go on to new heights. He would continue to own it, but be cautious around that old high level.

Automotive

Keith Richards

Portfolio Manager

2017-10-26
SELL

MG-T

$70.900

Magna Int'l. (A)


He is fairly negative on the auto parts sector.  It has had a good run here.  There are two primary uncertainties.  Where are we in the auto cycle – at peak levels? – He thinks auto sales will moderate slightly.  Then there is the impact of the electric car, which do not need as many parts.  Then there is NAFTA which is unpredictable.  Until there is more clarity regarding NAFTA, there is risk in this sector.

Automotive

Colin Stewart

CEO & Portfolio manager

DEFENSIVE
2017-10-26
COMMENT

MG-T

$70.900

Magna Int'l. (A)


Sell?He doesn’t like the automobile manufacturing stocks, but does like the suppliers. Companies like this, once they become a supplier to a company for a certain part, tend to keep that business for a long time. This company has terrific numbers with high free cash flow yield, and you are going to get a boost in the short run, because there were a lot of cars destroyed because of the 2 hurricanes and the fires in California. These are all insured events, so for the next couple of quarters you are going to have some really good numbers. A well run company.

Automotive

John Burke

CEO & CIO

BULLISH
2017-10-25
BUY on WEAKNESS

MG-T

$70.350

Magna Int'l. (A)


These types of companies have taken off over the last 6 months or so. Prefers Martinrea (MRE-T), because it was a bit of a turnaround story with better share price potential. He would be comfortable owning Magna, but would prefer it a little cheaper.

Automotive

Cole Kachur

Senior Wealth Advisor

2017-10-18
PAST TOP PICK

MG-T

$68.590

Magna Int'l. (A)


(A Top Pick Dec 7/16, Up 15%)  Canada’s largest auto parts company.  It traditionally trades at a discount to the market.  It is an extremely profitable and rapidly growing company.  The recent surge is caused by industry specific forces and news releases.  Hurricanes in the US have affected half a million cars which will create increased demand for parts.

Automotive

Brian Madden

Senior VP & Portfolio Manager

2017-10-13
COMMENT

MG-T

$68.360

Magna Int'l. (A)


Thinks the company is great, and would say that it is undervalued. The fundamentals are improving.

Automotive

Matt Kacur

President

2017-10-12
WAIT

MG-T

$67.810

Magna Int'l. (A)


Cheap. Bought his holdings when it was closer to 7X forward earnings, but it is now closer to 8.5 X. A very cyclical industry. Be prepared to own it during an expansionary period, and Sell before an economic downturn happens. There are some questions as to what will happen with changes to NAFTA, but so far it has held up well. Just announced they had joined a conglomerate with BMW and Intel to develop a fully autonomous driving system by 2021. Because they have such a wide portfolio of products and services, automakers are going to consolidate purchases and go with a name like this, rather than the 2nd or 3rd largest type of company. Not sure he would buy at this valuation, but maybe let it calm down a little. 2% dividend yield.

Automotive

Stan Wong

Director & Portfolio Manager

OPTIMISTIC
2017-10-11
COMMENT

MG-T

$68.270

Magna Int'l. (A)


Has been doing well on the back of September auto sales. She wouldn’t annualize that, as it was part of the positive on the hurricanes. Auto sales in the US have been running at about 17 million, but at about 18.5 million in September. The sector is always kind of cheap, and the valuation is always attractive. If she were going to any of these, this would be the one she would add. Meanwhile the trade overhang with NAFTA should be allowed to play out. It is on her watch list.

Automotive

Christine Poole

CEO & Managing Director

OPTIMISTIC
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