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Magna Int'l. (A) (MG-T)
TSE:MG
70.34
0.36
(0.51%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
$75.640
No
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.
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.
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
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.
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.