DON'T BUY
Magna Int'l. (A)

Better off owning suppliers rather than OEM auto companies. Difficult to transition from combustion to electric. Tough to keep both sides going. Massive buildup on the EV side will help, but combustion provides the cash. Cheap for a reason. A trade at best, not for the long term.

Automotive
BUY
Magna Int'l. (A)

He does think there's some benefit in auto parts/repair. These companies are better value and have more upside. Interest rates will be challenging for a bigger purchase like a car. People who buy cars also tend to have mortgages. That's why he favours parts companies over the auto makers.

Automotive
BUY on WEAKNESS
Magna Int'l. (A)

High quality. International company. A top 3 supplier of auto parts globally. Historically, inexpensive. It has been volatile. Microchip shortages plus higher interest rates impacting sales. Hold. On a pullback to around $75, add to your position. Nice dividend, well managed.

Automotive
DON'T BUY
Magna Int'l. (A)
EVs A high-fixed cost company, so you need a lot of scale, which Magna has. The transition to EVs means MG is in a great space to build those parts. Is concerned about their high-fixed costs and the amount of competition in EVs. The car sector will come down, though, and not be good for Magna.
Automotive
DON'T BUY
Magna Int'l. (A)
Very cheap on earnings. Looks like the trajectory is going to be tremendous. Low margin business, so he doesn't care for it, especially if the economy turns over. Too cyclical for him. Not tied to EVs yet. Nice dividend yield.
Automotive
BUY
Magna Int'l. (A)
It's trading below 9x PE and he models 4-5% growth. They just announced an acquisition today, which will help their technological development. Dilutive short-term, but beneficial long-term. Likes Magna in the car space.
Automotive
COMMENT
Magna Int'l. (A)
The auto parts industry is becoming interesting. He likes Magna and Linamar, which he owns. There are headwinds with a possible recession and rising rates. 40% of Magna's business is in Europe where inflation is rising faster than here. They will do well in the long run so you could buy if you have a 5 year horizon but wait if buying for the short term.
Automotive
BUY
Magna Int'l. (A)
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
WEAK BUY
Magna Int'l. (A)
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
Magna Int'l. (A)
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
Magna Int'l. (A)
He doesn't like this type of business. He owns CPRT instead.
Automotive
BUY
Magna Int'l. (A)
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
Magna Int'l. (A)
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
Magna Int'l. (A)
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
Magna Int'l. (A)
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
Showing 1 to 15 of 1,052 entries

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

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 12

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 17

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, 17 stock analysts published opinions about MG-T. 12 analysts recommended to BUY the stock. 4 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?

17 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 2023-03-30, Magna Int'l. (A) (MG-T) stock closed at a price of $70.34.