TSE:MG
119.40
0.42
(0.35%)
Magna International Inc. is a Canadian global automotive supplier headquartered in Aurora, Ontario, Canada.
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Analysis and Opinions about MG-T
Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
April 16, 2021
Auto stocks are a great place to be right now. Tesla, GM, Ford, etc. MG had their investor day and they are well positioned to profit from EV and other auto innovations. The stock is still trading reasonably. 10.4x 2022, with 43% modelled EPS growth. The best is probably still to come.
Show full opinionHide full opinion
Auto stocks are a great place to be right now. Tesla, GM, Ford, etc. MG had their investor day and they are well positioned to profit from EV and other auto innovations. The stock is still trading reasonably. 10.4x 2022, with 43% modelled EPS growth. The best is probably still to come.
BUY
BUY
April 12, 2021
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The parts sector is preferable over the retailers for longer lead time on new models and multi year contracts. Valuation, management and strong balance sheet are all strong points. They also have international exposure and EV potential. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The parts sector is preferable over the retailers for longer lead time on new models and multi year contracts. Valuation, management and strong balance sheet are all strong points. They also have international exposure and EV potential. Unlock Premium - Try 5i Free
BUY
BUY
March 18, 2021
Likes the parts sector, and MG is well positioned for the EV market. Winning more EV contracts. Valuation of the sector has diminished. Good balance sheet. Auto sales should stay firm once people start travelling again.
Show full opinionHide full opinionLikes the parts sector, and MG is well positioned for the EV market. Winning more EV contracts. Valuation of the sector has diminished. Good balance sheet. Auto sales should stay firm once people start travelling again.
TOP PICK
TOP PICK
March 11, 2021
Whole auto industry is in transition. Sells to all the major auto producers, which are doing well. 75% of its parts are suitable for EVs. Great balance sheet. Inexpensive relative to peers. Plan share buybacks. An important company in the Canadian landscape and fits perfectly with current market themes. Yield is 1.89%. (Analysts’ price target is $118.85)
Show full opinionHide full opinionWhole auto industry is in transition. Sells to all the major auto producers, which are doing well. 75% of its parts are suitable for EVs. Great balance sheet. Inexpensive relative to peers. Plan share buybacks. An important company in the Canadian landscape and fits perfectly with current market themes. Yield is 1.89%. (Analysts’ price target is $118.85)
DON'T BUY
DON'T BUY
March 3, 2021
The question is whether oil is cheap or not. How widespread will the adoption of EVs be? Caveat is that governments will have to spend on infrastructure. All car companies are talking about growing EV opportunities, and their valuations are very cheap. Longer duration trade in car companies themselves, though a bit riskier, than with Magna.
Show full opinionHide full opinionThe question is whether oil is cheap or not. How widespread will the adoption of EVs be? Caveat is that governments will have to spend on infrastructure. All car companies are talking about growing EV opportunities, and their valuations are very cheap. Longer duration trade in car companies themselves, though a bit riskier, than with Magna.
TOP PICK
TOP PICK
February 26, 2021
Auto companies continue to outsource engineering and manufacturing. They do assembly. Sales were up 17% with earnings up 98%. 91% earnings growth expected for this year. ROE is around 20%. Has broken out of a 2 year negative trend. There is around a 38% upside potential. (Analysts’ price target is $118.76)
Show full opinionHide full opinionAuto companies continue to outsource engineering and manufacturing. They do assembly. Sales were up 17% with earnings up 98%. 91% earnings growth expected for this year. ROE is around 20%. Has broken out of a 2 year negative trend. There is around a 38% upside potential. (Analysts’ price target is $118.76)
TOP PICK
TOP PICK
February 22, 2021
They just reported a great quarter and a great 2022 outlook. It is a cyclical recovery trade; There is a valuation upside trade for free; There were great JVs announced. It checks a lot of the boxes. (Analysts’ price target is $114.84)
Show full opinionHide full opinionThey just reported a great quarter and a great 2022 outlook. It is a cyclical recovery trade; There is a valuation upside trade for free; There were great JVs announced. It checks a lot of the boxes. (Analysts’ price target is $114.84)
BUY
BUY
February 19, 2021
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Markets liked the latest quarter results. EPS beat expectations and revenue was inline with what the street expected. They raised dividends by 8%. Auto sales is expected to rebound in the following year. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Markets liked the latest quarter results. EPS beat expectations and revenue was inline with what the street expected. They raised dividends by 8%. Auto sales is expected to rebound in the following year. Unlock Premium - Try 5i Free
BUY WEAKNESS
BUY WEAKNESS
February 17, 2021
Auto parts are really interesting with electrification chatter and partnerships. Broader theme of growth and inflation accelerating. Over next 12 months, expects it to continue to improve. You might get a better entry point. One of the best run manufacturers. An undemanding multiple.
Show full opinionHide full opinionAuto parts are really interesting with electrification chatter and partnerships. Broader theme of growth and inflation accelerating. Over next 12 months, expects it to continue to improve. You might get a better entry point. One of the best run manufacturers. An undemanding multiple.
BUY WEAKNESS
BUY WEAKNESS
February 16, 2021
It's had a good recovery since last spring. A great company aligned with EV and traditional cars. It'll continue to be a good stock, but don't chase it. At some point, you'll find a better entry point like $85-90. With low interest rates, people will continue to buy cars, even with the popularity of ride-sharing.
Show full opinionHide full opinionIt's had a good recovery since last spring. A great company aligned with EV and traditional cars. It'll continue to be a good stock, but don't chase it. At some point, you'll find a better entry point like $85-90. With low interest rates, people will continue to buy cars, even with the popularity of ride-sharing.
BUY
BUY
February 8, 2021
It has had a strong rebound. The auto production is rebounding nicely from the 2020 lows. They make money on internal combustion engines, EVs and hybrids. He owns LNR-T instead.
It has had a strong rebound. The auto production is rebounding nicely from the 2020 lows. They make money on internal combustion engines, EVs and hybrids. He owns LNR-T instead.
BUY WEAKNESS
BUY WEAKNESS
January 29, 2021
Very strong sales with low inventory. It is at 12x 2021 evaluation that makes it a compelling name. There is a lot of life left in the stock with 34% growth rate. You want to add more in retracements. 20%-30% upside in the next few years.
Show full opinionHide full opinionVery strong sales with low inventory. It is at 12x 2021 evaluation that makes it a compelling name. There is a lot of life left in the stock with 34% growth rate. You want to add more in retracements. 20%-30% upside in the next few years.
DON'T BUY
DON'T BUY
January 26, 2021
A Canadian success story. However, the problem with these stocks is that they're cyclical. MG is at the mercy of how many new cars are sold. During the pandemic, fewer cars were sold. You can argue that as restrictions are lifted, there may be a spike in demand. Going forward, returns won't be as strong as they have in recent months. At best, cyclicals can comprise a portion of a portfolio.
Show full opinionHide full opinionA Canadian success story. However, the problem with these stocks is that they're cyclical. MG is at the mercy of how many new cars are sold. During the pandemic, fewer cars were sold. You can argue that as restrictions are lifted, there may be a spike in demand. Going forward, returns won't be as strong as they have in recent months. At best, cyclicals can comprise a portion of a portfolio.
BUY
BUY
January 22, 2021
Owns it in their Canadian dividend portfolio. It is gaining market shares making more parts for cars. A core holding with good dividend growth. They will be part of the electrification of cars and maintain market shares. The best in the business.
Show full opinionHide full opinionOwns it in their Canadian dividend portfolio. It is gaining market shares making more parts for cars. A core holding with good dividend growth. They will be part of the electrification of cars and maintain market shares. The best in the business.
BUY WEAKNESS
BUY WEAKNESS
January 18, 2021
It has done quite well in the last quarter, making headlines in deals with electric vehicles. This is the one in the space she would own. Wait for a pullback.
Show full opinionHide full opinionIt has done quite well in the last quarter, making headlines in deals with electric vehicles. This is the one in the space she would own. Wait for a pullback.
Magna Int'l. (A)(MG-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 18
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 4
Total Signals / Votes : 24
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, 24 stock analysts published opinions about MG-T. 18 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY on WEAKNESS. 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 Greg Newman on 2021-04-16. 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?
24 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 2021-04-16, Magna Int'l. (A) (MG-T) stock closed at a price of $119.4.
