Magna Int'l. (A) (MG-T) Stock Predictions - Stockchase
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Magna Int'l. (A) (MG-T)

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Sep, 22, 2018, 12:00 am

OPINIONS

About Magna Int'l. (A) (MG-T)

Magna International Inc. is a Canadian global automotive supplier headquartered in Aurora, Ontario, Canada. More at Wikipedia

What the experts are saying about MG-T



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Signal Opinion Expert
HOLD
Magna Int'l. (A)(MG-T) 

September 21, 2018

Once concerns over NAFTA are ironed out this stock should recover.  If you own it, continue to hold.  

Automotive

Once concerns over NAFTA are ironed out this stock should recover.  If you own it, continue to hold.  

Automotive
Rob Tetrault

Portfolio , Tetrault Wealth Advi...

Price Price
$72.300
Owned Owned
No

DON'T BUY
Magna Int'l. (A)(MG-T) 

September 12, 2018

NAFTA overhang has held the stock back. Just crossed below the 200-day moving average. Has a 10% growth rate. We’re getting late in the cycle. If we start to see a slowdown, and people renting cars, that will hurt Magna.

Automotive

NAFTA overhang has held the stock back. Just crossed below the 200-day moving average. Has a 10% growth rate. We’re getting late in the cycle. If we start to see a slowdown, and people renting cars, that will hurt Magna.

Automotive
Stan Wong

Director &, Private Wealth Manag...

Price Price
$68.160
Owned Owned
No

WAIT
Magna Int'l. (A)(MG-T) 

September 11, 2018

She doesn’t own any auto parts companies and sees the recent price declines as a direct reflection of the NAFTA uncertainty. If she was going to buy in this sector, she would look first at Magna, which is diversifying into the EU. She will wait until after there is clarity about NAFTA, even though that clarity will cause prices to rise (if the news is good) before she buys the stock.

Automotive

She doesn’t own any auto parts companies and sees the recent price declines as a direct reflection of the NAFTA uncertainty. If she was going to buy in this sector, she would look first at Magna, which is diversifying into the EU. She will wait until after there is clarity about NAFTA, even though that clarity will cause prices to rise (if the news is good) before she buys the stock.

Automotive
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$68.170
Owned Owned
No

DON'T BUY
Magna Int'l. (A)(MG-T) 

September 10, 2018

LNR-T vs. MG-T.  LRN-T has been overly beat up.  MG-T is less exposed to the trade wars.  He thinks LNR-T is a better buy.

Automotive

LNR-T vs. MG-T.  LRN-T has been overly beat up.  MG-T is less exposed to the trade wars.  He thinks LNR-T is a better buy.

Automotive
Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$69.320
Owned Owned
Unknown

WATCH
Magna Int'l. (A)(MG-T) 

September 10, 2018

It is a buy where it is despite NAFTA troubles which are baked into the stock price.  But he would stay on the sidelines until the dust settles even though it might be higher then.

Automotive

It is a buy where it is despite NAFTA troubles which are baked into the stock price.  But he would stay on the sidelines until the dust settles even though it might be higher then.

Automotive
Gerard Ferguson

CEO & Port, Jemekk Capital Manag...

Price Price
$69.320
Owned Owned
Unknown

TOP PICK
Magna Int'l. (A)(MG-T) 

September 5, 2018

Trade fears have led to a sell-off. Trump doesn't believe in facts and is a loudmouth. Magna has good fundamentals, and the volatility creates a fine opportunity. Magna is a bargain now. (2.5% dividend, Analysts' price target: $87.65)

Automotive

Trade fears have led to a sell-off. Trump doesn't believe in facts and is a loudmouth. Magna has good fundamentals, and the volatility creates a fine opportunity. Magna is a bargain now. (2.5% dividend, Analysts' price target: $87.65)

Automotive
Alex Ruus

Portfolio , Arrow Capital Manage...

Price Price
$69.970
Owned Owned
Yes

COMMENT
Magna Int'l. (A)(MG-T) 

August 29, 2018

He likes it with 50 plants across North America, including Mexico. If NAFTA goes down, then Magna goes down. Trading at a low multple, but missed its earnings target in the last quarter. They are ready for the e-car revolution. He has a lot of faith in Magna.

Automotive

He likes it with 50 plants across North America, including Mexico. If NAFTA goes down, then Magna goes down. Trading at a low multple, but missed its earnings target in the last quarter. They are ready for the e-car revolution. He has a lot of faith in Magna.

Automotive
David Baskin

President, Baskin Wealth Manage...

Price Price
$72.410
Owned Owned
Yes

BUY on WEAKNESS
Magna Int'l. (A)(MG-T) 

August 27, 2018

A lot of its operations are in the US and in Mexico.  In the next 1 to 2 years it is going to be a volatile name in his view.  Over the longer time it is a very well run company.  Overall car sales have been at record levels recently.  This is the first treason to cause some volatility.  They are becoming an outsourcing company where car manufacturers approach them to build more and more of their car content.  He is not ready to pull the trigger right now during trade negotiations, however.

Automotive

A lot of its operations are in the US and in Mexico.  In the next 1 to 2 years it is going to be a volatile name in his view.  Over the longer time it is a very well run company.  Overall car sales have been at record levels recently.  This is the first treason to cause some volatility.  They are becoming an outsourcing company where car manufacturers approach them to build more and more of their car content.  He is not ready to pull the trigger right now during trade negotiations, however.

Automotive
Zachary Curry

Chief Oper, Davis-Rea Ltd....

Price Price
$71.530
Owned Owned
No

BUY
Magna Int'l. (A)(MG-T) 

August 27, 2018

It'll be fine after the NAFTA talks. This sector generates good margins and cash flows. Despite the hype over the e-car, manufacturers will continue to go to Magna and its peers for car parts. He has long positions in Magna (and Martinrea). Stock prices in this sector are in a recession, so they can't get much worse.

Automotive

It'll be fine after the NAFTA talks. This sector generates good margins and cash flows. Despite the hype over the e-car, manufacturers will continue to go to Magna and its peers for car parts. He has long positions in Magna (and Martinrea). Stock prices in this sector are in a recession, so they can't get much worse.

Automotive
John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$71.530
Owned Owned
Yes

SELL
Magna Int'l. (A)(MG-T) 

August 24, 2018

It has broken a trend line that began in 2016 which is a negative indicator.   He would get rid of this stock because looks like it is breaking down.  He is bearish on this right now.

Automotive

It has broken a trend line that began in 2016 which is a negative indicator.   He would get rid of this stock because looks like it is breaking down.  He is bearish on this right now.

Automotive
Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$68.620
Owned Owned
No

BUY
Magna Int'l. (A)(MG-T) 

August 23, 2018

He really likes it at these valuations.  It got on a bit of a tare recently.  It is well diversified.  Auto sales are slowing but they are diversifying their business into areas of the future.  It is difficult to find a problem with its valuation.  The recent sell off is due to aluminum tariffs.  If your outlook is longer than 6 months you should do well.

Automotive

He really likes it at these valuations.  It got on a bit of a tare recently.  It is well diversified.  Auto sales are slowing but they are diversifying their business into areas of the future.  It is difficult to find a problem with its valuation.  The recent sell off is due to aluminum tariffs.  If your outlook is longer than 6 months you should do well.

Automotive
Kash Pashootan

Sr. VP & P, First Avenue Advisor...

Price Price
$68.870
Owned Owned
Unknown

DON'T BUY
Magna Int'l. (A)(MG-T) 

August 22, 2018

Canada's largest auto-parts maker that's been through a very positive auto-parts cycle. But have we reached peak auto? Cars' lifespans are much longer now. Magna has a big proportion of business in the U.S., but tariffs are holding back these stocks--a big unknown. He prefers to see these stocks 10-15% lower before buying.

Automotive

Canada's largest auto-parts maker that's been through a very positive auto-parts cycle. But have we reached peak auto? Cars' lifespans are much longer now. Magna has a big proportion of business in the U.S., but tariffs are holding back these stocks--a big unknown. He prefers to see these stocks 10-15% lower before buying.

Automotive
Michael Sprung

President, Sprung Investment Ma...

Price Price
$69.510
Owned Owned
Unknown

COMMENT
Magna Int'l. (A)(MG-T) 

August 21, 2018

Longer-term trendline remains intact since mid-2016. We're testing it now. Auto parts makers have been under pressure. Saw a bounce and some weakness recently, but look at the trendline. Either take profits or buy on weakness.

Automotive

Longer-term trendline remains intact since mid-2016. We're testing it now. Auto parts makers have been under pressure. Saw a bounce and some weakness recently, but look at the trendline. Either take profits or buy on weakness.

Automotive
Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$70.780
Owned Owned
Unknown

DON'T BUY
Magna Int'l. (A)(MG-T) 

August 15, 2018

He is worried about tariffs and NAFTA issues.  They recently reported earnings that caused a hit to the stock price.  He suspects in the next 2-3 months the stock might recover, but he is worried about trade issues globally.  

Automotive

He is worried about tariffs and NAFTA issues.  They recently reported earnings that caused a hit to the stock price.  He suspects in the next 2-3 months the stock might recover, but he is worried about trade issues globally.  

Automotive
Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$69.890
Owned Owned
No

WAIT
Magna Int'l. (A)(MG-T) 

August 14, 2018

This is a great company, well managed and well positioned in its industry. However, it is in the cross-hairs of Mr. Trump, which has created great uncertainty. The stock has been penalized because of that. Eventually the stock will drop so far that people will have to buy it, but maybe not yet. He doesn’t believe that Trump will put on the 25% tariff barriers but until that is resolved, the Canadian parts manufacturers’ prices will suffer. When it is resolved, these companies will come back, even though it is late in the cycle.

Automotive

This is a great company, well managed and well positioned in its industry. However, it is in the cross-hairs of Mr. Trump, which has created great uncertainty. The stock has been penalized because of that. Eventually the stock will drop so far that people will have to buy it, but maybe not yet. He doesn’t believe that Trump will put on the 25% tariff barriers but until that is resolved, the Canadian parts manufacturers’ prices will suffer. When it is resolved, these companies will come back, even though it is late in the cycle.

Automotive
Norman Levine

Managing D, Portfolio Management...

Price Price
$70.630
Owned Owned
No

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1 Comment

othskiracer

August 15th 2018 at 10:53am

Extremely well managed. Very profitable. Stock traded at 8-11 X earnings in 2018. Dividend yield 2-3% in 2018. Growing in all OE auto parts sectors through-out the world. Also builds complete vehicles in NA and Europe. Continues to win product development and design awards. MAGNA is number 2 or 3 Global OE auto parts supplier. Stock reached new high in May 2018 bur is now under pressure (as are all automotive stocks) because of tariff uncertainty brought about by Trump. Once NAFTA is settled the stock will quickly rocket to $90 and beyond.


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