TSE:MG
102.67
0.65
(0.64%)
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
Chart
BUY WEAKNESS
BUY WEAKNESS
July 27, 2021
The Veoneer deal will be accretive starting in 2023. MG paid more, but it gives MG a leg into advance driving systems. Magna will continue to grow. Buy this dip. It still trades at a reasonable valuation and offers a good growth rate. It reminds him of Transforce. [Note: some audio problems]
Show full opinionHide full opinion
The Veoneer deal will be accretive starting in 2023. MG paid more, but it gives MG a leg into advance driving systems. Magna will continue to grow. Buy this dip. It still trades at a reasonable valuation and offers a good growth rate. It reminds him of Transforce. [Note: some audio problems]
DON'T BUY
DON'T BUY
July 26, 2021
How are they going to position themselves for the coming EV cycle? None of the these auto suppliers have figured this out. He would not look at the suppliers so much as the branded companies.
Show full opinionHide full opinionHow are they going to position themselves for the coming EV cycle? None of the these auto suppliers have figured this out. He would not look at the suppliers so much as the branded companies.
BUY
BUY
June 21, 2021
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Hard to argue against the potential growth the company gives as well as the recent partnerships. The valuation is pretty reasonable as well. Would be comfortable buying at current levels or $105 if you’re waiting for weakness. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Hard to argue against the potential growth the company gives as well as the recent partnerships. The valuation is pretty reasonable as well. Would be comfortable buying at current levels or $105 if you’re waiting for weakness. Unlock Premium - Try 5i Free
WAIT
WAIT
June 10, 2021
Not cheap. Tailwinds, well run, and has done well. Trading at 19x. Lots of optimism surrounding various deals. As a rule, you don't buy deep cyclicals when the economy is booming. Clouds on the horizon, such as a huge capex spend to retool for the EV market. Supply issues in semis will impact the auto sector. Doesn't fit his long-term, secular growth thesis. Buy in the throes of a recession.
Show full opinionHide full opinionNot cheap. Tailwinds, well run, and has done well. Trading at 19x. Lots of optimism surrounding various deals. As a rule, you don't buy deep cyclicals when the economy is booming. Clouds on the horizon, such as a huge capex spend to retool for the EV market. Supply issues in semis will impact the auto sector. Doesn't fit his long-term, secular growth thesis. Buy in the throes of a recession.
WAIT
WAIT
June 4, 2021
Many are swamped with supply chain blockages. They have positioned themselves well for the electric car business. It is a supplier to every major NA and European car manufacturer. It is well placed. That being said, the stock has gone up a lot. Not sure it is a great buying place. Wait for the frenzy of reopening to abate before buying.
Show full opinionHide full opinionMany are swamped with supply chain blockages. They have positioned themselves well for the electric car business. It is a supplier to every major NA and European car manufacturer. It is well placed. That being said, the stock has gone up a lot. Not sure it is a great buying place. Wait for the frenzy of reopening to abate before buying.
TOP PICK
TOP PICK
May 21, 2021
Remains a great re-opening play. Buying back 1.7M shares. The name is trading at 10.5x 2022, but growing at 17%. Very well positioned for electrification adn self driving car. People underestimate the opportunity. Will still go up higher and adding to his position. (Analysts’ price target is $130.54)
Show full opinionHide full opinionRemains a great re-opening play. Buying back 1.7M shares. The name is trading at 10.5x 2022, but growing at 17%. Very well positioned for electrification adn self driving car. People underestimate the opportunity. Will still go up higher and adding to his position. (Analysts’ price target is $130.54)
BUY
BUY
May 12, 2021
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Supply issues were raised by the company as a risk. However, it has not been quantified. Robust growth is still expected in 2021. The issue is probably already priced in, which is now trading at 12x earnings. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Supply issues were raised by the company as a risk. However, it has not been quantified. Robust growth is still expected in 2021. The issue is probably already priced in, which is now trading at 12x earnings. Unlock Premium - Try 5i Free
BUY WEAKNESS
BUY WEAKNESS
May 4, 2021
He has owned this in the past. He believes in e-cars, and his firm has a stake in GM. Magna is best of breed in car parts. The stock has moved too quickly for him. He likes their move into e-car parts.
BUY
BUY
April 22, 2021
Trades at 24x earnings. Really likes the auto sector and auto parts and assembly. This is the one he'd choose. Growing cashflow. 90% of the products they make are as applicable to EV as to traditional engines. They assemble full vehicles, and there's a real possibility they win a mandate from Apple. Dividend should grow. Yield is 1.8%.
Trades at 24x earnings. Really likes the auto sector and auto parts and assembly. This is the one he'd choose. Growing cashflow. 90% of the products they make are as applicable to EV as to traditional engines. They assemble full vehicles, and there's a real possibility they win a mandate from Apple. Dividend should grow. Yield is 1.8%.
BUY
BUY
April 22, 2021
Reasonable multiple, great history of execution, and really big opportunities in EV. 70% of revenue is assembling vehicles. Many components are easily transferable to EV. 24x trailing earnings, great dividend and dividend growth. Great risk/reward.
Show full opinionHide full opinionReasonable multiple, great history of execution, and really big opportunities in EV. 70% of revenue is assembling vehicles. Many components are easily transferable to EV. 24x trailing earnings, great dividend and dividend growth. Great risk/reward.
BUY
BUY
April 19, 2021
The apple car would be a bonus. The bigger play is the valuation is cheap and the positioning is quite good for all in the sector. They can migrate to electric vehicle manufacture almost better than the original equipment manufacturers. The biggest thing you are changing is the power chain.
Show full opinionHide full opinionThe apple car would be a bonus. The bigger play is the valuation is cheap and the positioning is quite good for all in the sector. They can migrate to electric vehicle manufacture almost better than the original equipment manufacturers. The biggest thing you are changing is the power chain.
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.
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)
Magna Int'l. (A)(MG-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 25
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 5
Total Signals / Votes : 31
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, 31 stock analysts published opinions about MG-T. 25 analysts recommended to BUY the stock. 5 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 2021-07-27. 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?
31 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 2021-07-28, Magna Int'l. (A) (MG-T) stock closed at a price of $102.67.
