Buy, Sell or Hold: Magna Int'l. (A) (MG-T) — Stock Predictions at Stockchase

Home Daily Stock Opinions and Ratings Magna Int'l. (A) (MG-T)

TSE:MG

79.56

0.59 (0.74%) 1d

BUY

High quality, a Canadian industrial champion. International. Issues from supply chains and microchips. Attractive multiple. High ROE, good management and balance sheet. Nice dividend yield. Good buy here for a long-term hold.

Automotive

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WEAK BUY

Fairly valued, decent upside potential. Decent balance sheet. Small yield of 2.4% is better than nothing. Intrinsic value has drifted off. Lots of companies getting into EV, but are they going to make money?

Automotive

WEAK BUY

Auto parts might finally be waking up. Supply-side issues may be dissipating. Interesting at these levels. He doesn't own yet, but could in the near future.

Automotive

DON'T BUY

He doesn't like this type of business. He owns CPRT instead.

Automotive

BUY

He likes the car stocks. This is not the typical downturn now; inventories are not bloated as they are in other downturn and production levels remain firm despite the shortage of computer chips. Trades around a cheap 8x earnings and 3x cash flow. They can and will serve EVs as well as gas cars.

Automotive

WATCH

Well-run and ready for the transition to EVs. But don't buy now. It's a deep cyclical stock. See Linamar's warning today of weakening production.

Automotive

COMMENT

An opportunity. Supply chain issues has causes production cutbacks, but supplies are starting to loosen and increase. As more car companies receive more semiconductors, then MG will benefit. However, how will a recession (if it happens) impact these companies?

Automotive

BUY

Cut guidance by 20% citing inflation and supply chain. Labour cost issues might be more structural. Super-cheap at 9.5x. Great balance sheet. Nice dividend. Modelling decent growth up to about 30% in 2023.

Automotive

WAIT

Likes it as a business. Time is not now. Well run. Great free cashflow, great economics. Well positioned for EV. Watch and wait. Storm clouds of a recession, and this would hurt. Be patient.

Automotive

BUY

Autos are very cyclical and impacted by inflation, so stocks have been weak lately given inflation, the chip shortage and Russia. He expects supplies to improve later this year and there's a pent-up demand for green cars. He expects healthy car sales coming.

Automotive

WEAK BUY

MG vs. LNR Slight preference for MG over LNR. MG is much more global, bigger, and has a bigger presence on the electric side.

Automotive

COMMENT

Car part companies have been hurt, valuations low. They have a lot of European production which is probably negatively impacting them given the Russian war. A quality company that generates a lot of cash flow. He likes the car parts companies because they can and will transition well to e-cars. But shares have disappointed in the past year.

Automotive

WATCH

One name he'd pick in the auto sector is MG, as business economics on the supply side are much stronger and they're in a better position to transition to EVs. MG is a sensible way to have exposure to the sector.

Automotive

HOLD

Caught up in supply chain, issues won't be resolved quickly. Top 5% of value, solid balance sheet, 11x price to earnings. Reasonable payout ratio for yield of 3%. Top-notch management, world-class company. If you have time, hold. He'd want to see price momentum before stepping in.

Automotive

WAIT

In transition from combustion to electric. Well positioned for EV. What will the consumer demand and be willing to pay for? So far, it's a high margin area, but there will be more competition. Industrials have been hit hard, and he can't get a handle on the auto cycle. Underlying fundamentals are good, dividend fine, well managed. Headwinds for consumer, so wait and buy on sale.

Automotive

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

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 13

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 16

Stockchase rating for Magna Int'l. (A) 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 Int'l. (A)(MG-T) Frequently Asked Questions

What is Magna Int'l. (A) stock symbol?

Magna Int'l. (A) is a Canadian stock, trading under the symbol MG-T on the Toronto Stock Exchange (MG-CT). It is usually referred to as TSX:MG or MG-T

Is Magna Int'l. (A) a buy or a sell?

In the last year, 16 stock analysts published opinions about MG-T. 13 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Magna Int'l. (A).

Is Magna Int'l. (A) a good investment or a top pick?

Magna Int'l. (A) was recommended as a Top Pick by on . Read the latest stock experts ratings for Magna Int'l. (A).

Why is Magna Int'l. (A) 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 Int'l. (A) worth watching?

16 stock analysts on Stockchase covered Magna Int'l. (A) In the last year. It is a trending stock that is worth watching.

What is Magna Int'l. (A) stock price?

On 2022-12-07, Magna Int'l. (A) (MG-T) stock closed at a price of $79.56.

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TSE:MG

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

Magna Int'l. (A)(MG-T) Frequently Asked Questions

What is Magna Int'l. (A) stock symbol?

Is Magna Int'l. (A) a buy or a sell?

Is Magna Int'l. (A) a good investment or a top pick?

Why is Magna Int'l. (A) stock dropping?

Is Magna Int'l. (A) worth watching?

What is Magna Int'l. (A) stock price?

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