TSE:MG
96.79
0.47
(0.48%)
Magna International Inc. is a Canadian global automotive supplier headquartered in Aurora, Ontario, Canada.
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Magna Int'l. (A)
MG-T
Analysis and Opinions about MG-T
Signal
Opinion
Expert
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 opinion
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.
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.
BUY
BUY
January 12, 2021
He just bought it. They've done a great job and expects them to be the generic "white label" parts-maker for all e-carmakers. Apple is talking to Hyundai about e-cars, but Hyundai works with Magna. He sees growth in e-cars. Costs will be managed efficiently (i.e. battery costs declining) as Magna transitions to e-cars, and Magna has been doing this for a long time, around 80 years.
He just bought it. They've done a great job and expects them to be the generic "white label" parts-maker for all e-carmakers. Apple is talking to Hyundai about e-cars, but Hyundai works with Magna. He sees growth in e-cars. Costs will be managed efficiently (i.e. battery costs declining) as Magna transitions to e-cars, and Magna has been doing this for a long time, around 80 years.
DON'T BUY
DON'T BUY
January 11, 2021
It has had a beautiful run. The issue is that it has run up to a level of two times book value. It has been higher and has fair market value to pull it higher. He sees $102 will be a fair resistance point. It is now not cheap.
Show full opinionHide full opinionIt has had a beautiful run. The issue is that it has run up to a level of two times book value. It has been higher and has fair market value to pull it higher. He sees $102 will be a fair resistance point. It is now not cheap.
BUY
BUY
January 8, 2021
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A well run company that has a strong balance sheet, good growth potential, and the EV industry opens new opportunities. EPS is expected to double in 2021. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A well run company that has a strong balance sheet, good growth potential, and the EV industry opens new opportunities. EPS is expected to double in 2021. Unlock Premium - Try 5i Free
BUY WEAKNESS
BUY WEAKNESS
December 18, 2020
It is trading at 9x 2022. Their balance sheet is rapidly improving and the inventory cycle is coming up for building out. There is a lot more to go. This area is getting more discovered by investors.
Show full opinionHide full opinionIt is trading at 9x 2022. Their balance sheet is rapidly improving and the inventory cycle is coming up for building out. There is a lot more to go. This area is getting more discovered by investors.
DON'T BUY
DON'T BUY
December 17, 2020
Auto parts stocks can be value traps. They often have high ROE, low debt. Problem is they're cyclical, depending on how auto sales are doing. Feast or famine. He prefers companies that can increase earnings through thick and thin. Be very careful. Not long-term holdings, they're rentals.
Show full opinionHide full opinionAuto parts stocks can be value traps. They often have high ROE, low debt. Problem is they're cyclical, depending on how auto sales are doing. Feast or famine. He prefers companies that can increase earnings through thick and thin. Be very careful. Not long-term holdings, they're rentals.
BUY
BUY
December 3, 2020
The auto sector in general is performing well. Consumer cyclical stocks have come into favour. Magna is inexpensive compared to peers. Unique in doing sub-assemblies. Expects it to participate well in this market.
Show full opinionHide full opinionThe auto sector in general is performing well. Consumer cyclical stocks have come into favour. Magna is inexpensive compared to peers. Unique in doing sub-assemblies. Expects it to participate well in this market.
BUY
BUY
December 1, 2020
Leading auto parts maker, and also at the leading edge of design. Able to supply the electric vehicle market, yet at a dirt cheap multiple. Good to hold into the next business cycle, 2-3 years. It will do well over time, but with volatility along the way. No hesitation buying it today.
Show full opinionHide full opinionLeading auto parts maker, and also at the leading edge of design. Able to supply the electric vehicle market, yet at a dirt cheap multiple. Good to hold into the next business cycle, 2-3 years. It will do well over time, but with volatility along the way. No hesitation buying it today.
BUY
BUY
November 17, 2020
Are they positioned for the e-car sector vs. their peers? Magna is better-positioned vs. Canadian auto suppliers. They have a balance sheet advantage, which is clean, and they have global partners entrenched who are all moving to e-cars. Magna doesn't advertise their business in e-cars, but he firmly believes they are involved and will be further involved a decade from now. They have the balance sheet to buy e-car suppliers. It's a solid, well-run company that sets them up long term. It has growth potential as the world recovers.
Show full opinionHide full opinionAre they positioned for the e-car sector vs. their peers? Magna is better-positioned vs. Canadian auto suppliers. They have a balance sheet advantage, which is clean, and they have global partners entrenched who are all moving to e-cars. Magna doesn't advertise their business in e-cars, but he firmly believes they are involved and will be further involved a decade from now. They have the balance sheet to buy e-car suppliers. It's a solid, well-run company that sets them up long term. It has growth potential as the world recovers.
BUY
BUY
November 6, 2020
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Sales were reported to be $9.13B which is down 2%. However, it met estimates. EPS beat estimates by 41%. They announced a buyback and an increase in sales forecasted by 5%. The results should attract attention from more investors. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Sales were reported to be $9.13B which is down 2%. However, it met estimates. EPS beat estimates by 41%. They announced a buyback and an increase in sales forecasted by 5%. The results should attract attention from more investors. Unlock Premium - Try 5i Free
BUY
BUY
October 28, 2020
High quality company, really well managed. Inventory levels are down, as vehicle sales have gone up. Inventory levels need to be rebuilt urgently, so Magna will benefit. One to own at these levels.
Show full opinionHide full opinionHigh quality company, really well managed. Inventory levels are down, as vehicle sales have gone up. Inventory levels need to be rebuilt urgently, so Magna will benefit. One to own at these levels.
HOLD
HOLD
October 15, 2020
Had a very good run. Positive surprises globally on cars sold. Good international exposure. Valuation makes it hard to get excited about buying today. Future headwinds from electrification, so the multiple will be capped. Should produce a decent quarter, so hold it if you have it.
Show full opinionHide full opinionHad a very good run. Positive surprises globally on cars sold. Good international exposure. Valuation makes it hard to get excited about buying today. Future headwinds from electrification, so the multiple will be capped. Should produce a decent quarter, so hold it if you have it.
TOP PICK
TOP PICK
October 8, 2020
Buy industrials into a recovery. Strong auto demand. Rapidly improving balance sheet. Nice play on global growth. In on the electrification trend. Nice dividend. Cheap. Not a bad risk/reward. Yield is 3.06%. (Analysts’ price target is $77.20)
Show full opinionHide full opinionBuy industrials into a recovery. Strong auto demand. Rapidly improving balance sheet. Nice play on global growth. In on the electrification trend. Nice dividend. Cheap. Not a bad risk/reward. Yield is 3.06%. (Analysts’ price target is $77.20)
HOLD
HOLD
June 29, 2020
The auto industry is currently in complete disarray. How reluctant are people going to be to step up to big purchases after the economic recovery. If you are going to invest in the auto parts industry, you want to be with the big players. It will be a long but jagged recovery.
Show full opinionHide full opinionThe auto industry is currently in complete disarray. How reluctant are people going to be to step up to big purchases after the economic recovery. If you are going to invest in the auto parts industry, you want to be with the big players. It will be a long but jagged recovery.
TOP PICK
TOP PICK
June 8, 2020
He believes car sales ARE going to do well. New car sales are starting to pick up and people are not going back to mass transit or ride-sharing as they will prefer the safety of their cars. They probably have the best balance sheet of all the suppliers in the world. (Analysts’ price target is $65.69)
Show full opinionHide full opinionHe believes car sales ARE going to do well. New car sales are starting to pick up and people are not going back to mass transit or ride-sharing as they will prefer the safety of their cars. They probably have the best balance sheet of all the suppliers in the world. (Analysts’ price target is $65.69)
HOLD
HOLD
February 20, 2020
Cheap, at 8-10x earnings. Good company, balance sheet, business, management. But auto market is suspect, because of current sales slump and electric vehicles. Magna has worked through issues in the past, and it will again.
Show full opinionHide full opinionCheap, at 8-10x earnings. Good company, balance sheet, business, management. But auto market is suspect, because of current sales slump and electric vehicles. Magna has worked through issues in the past, and it will again.
HOLD
HOLD
February 18, 2020
He likes it. There's a big shift in e-cars, though, and they are impacted by the coronavirus. Magna will survive in both cases, because management is smart, though they may struggle to adjust to supplying e-cars for a while. It's okay to hold.
He likes it. There's a big shift in e-cars, though, and they are impacted by the coronavirus. Magna will survive in both cases, because management is smart, though they may struggle to adjust to supplying e-cars for a while. It's okay to hold.
WEAK BUY
WEAK BUY
February 11, 2020
He owns Linamar instead. Both are suffering from perception with EPS plunging--car sales have peaked and there are fears that ride sharing will dominate more. Will people keep buying new cars? If so, these companies will do well. But both are great companies that should grow market share by acquisition and diversifying their businesses.
He owns Linamar instead. Both are suffering from perception with EPS plunging--car sales have peaked and there are fears that ride sharing will dominate more. Will people keep buying new cars? If so, these companies will do well. But both are great companies that should grow market share by acquisition and diversifying their businesses.
COMMENT
COMMENT
January 31, 2020
LNR vs MG vs MRE? The auto parts sector has had headwinds. He would stick with MG-T as they pay the highest dividend. He would have thought LNR-T would have been more defensive, but an acquistion in the agricultural space has proved to be a failed attempt to diversify. All three look very cheap. He does own MG-T.
Show full opinionHide full opinionLNR vs MG vs MRE? The auto parts sector has had headwinds. He would stick with MG-T as they pay the highest dividend. He would have thought LNR-T would have been more defensive, but an acquistion in the agricultural space has proved to be a failed attempt to diversify. All three look very cheap. He does own MG-T.
PAST TOP PICK
PAST TOP PICK
January 14, 2020
(A Top Pick Jan 25/19, Up 4%) He was too bullish about car sales. We've hit peak car sales. Meanwhile, e-cars keep selling, so where does this leave Magna? He exited.
Show full opinionHide full opinion(A Top Pick Jan 25/19, Up 4%) He was too bullish about car sales. We've hit peak car sales. Meanwhile, e-cars keep selling, so where does this leave Magna? He exited.
HOLD
HOLD
January 10, 2020
They're buying back lots of shares and the stock price still good. Balance sheet good and they beat last quarter. But there's no EPS growth. We've seen Peak Auto. Magna is cyclical. Maybe don't sell it, but can hold it for 20 years. Not excited to enter it now, though.
Show full opinionHide full opinionThey're buying back lots of shares and the stock price still good. Balance sheet good and they beat last quarter. But there's no EPS growth. We've seen Peak Auto. Magna is cyclical. Maybe don't sell it, but can hold it for 20 years. Not excited to enter it now, though.
HOLD
HOLD
January 8, 2020
We are living in a strange world where Tesla has a higher market cap than GM. There has been a stall in new car sales globally, especially in China where sales declined. He thinks all the parts manufacturers will suffer to a degree. Magna will be a survivor and will make the transition into electric cars going forward. He would not hesitate to own it for the long term. He does not own it presently.
We are living in a strange world where Tesla has a higher market cap than GM. There has been a stall in new car sales globally, especially in China where sales declined. He thinks all the parts manufacturers will suffer to a degree. Magna will be a survivor and will make the transition into electric cars going forward. He would not hesitate to own it for the long term. He does not own it presently.
PAST TOP PICK
PAST TOP PICK
December 24, 2019
(A Top Pick Dec 28/18, Up 20%) A year we ago, we were entering the start of a 4-year cycle, at a time when investors were scared.
Show full opinionHide full opinion(A Top Pick Dec 28/18, Up 20%) A year we ago, we were entering the start of a 4-year cycle, at a time when investors were scared.
COMMENT
COMMENT
December 17, 2019
Generates good free cash flow. Diversified. A solid, long-term investment. Car sales are under pressure in Europe and China (holding on so far in North America). Also, e-cars are gaining traction, and the car companies must adjust. Magna and Linamar should do well adapting to changes. There's little upside in the car industry in the short term; this space will remain volatile.
Generates good free cash flow. Diversified. A solid, long-term investment. Car sales are under pressure in Europe and China (holding on so far in North America). Also, e-cars are gaining traction, and the car companies must adjust. Magna and Linamar should do well adapting to changes. There's little upside in the car industry in the short term; this space will remain volatile.
HOLD
HOLD
November 28, 2019
Great company. #2 auto parts buyer in the world. Well run. Generates lots of free cash. Crazy cheap. Auto market has turned over. In a trading range right now. Great long-term businesses. If it pulled back 10% or more, he'd be a buyer.
Show full opinionHide full opinionGreat company. #2 auto parts buyer in the world. Well run. Generates lots of free cash. Crazy cheap. Auto market has turned over. In a trading range right now. Great long-term businesses. If it pulled back 10% or more, he'd be a buyer.
BUY
BUY
November 20, 2019
Despite fears of recession and slow down, we have seen a nice turnaround over the last 8 weeks in autos. MG-T has little exposure to China trade issues. It pays a nice dividend and has a free cash flow yield of 13%. He expects an acceleration in manufacturing is coming and there is strong consumer spending. Yield 2.6%
Show full opinionHide full opinionDespite fears of recession and slow down, we have seen a nice turnaround over the last 8 weeks in autos. MG-T has little exposure to China trade issues. It pays a nice dividend and has a free cash flow yield of 13%. He expects an acceleration in manufacturing is coming and there is strong consumer spending. Yield 2.6%
BUY
BUY
November 8, 2019
Auto parts are always cyclical and volatile. MG is probably the best auto parts company in the world. He thinks the auto space is improving, despite the GM strike. He just bought more for his clients.
Show full opinionHide full opinionAuto parts are always cyclical and volatile. MG is probably the best auto parts company in the world. He thinks the auto space is improving, despite the GM strike. He just bought more for his clients.
TOP PICK
TOP PICK
October 21, 2019
The auto and auto parts industries will do well. Magna has 320 manufacturing locations in 30 countries. 2.8% dividend with extremely good dividend coverage. They have lots of free cash flow. 17% growth forecast for next year. (Analysts’ price target is $76.17)
Show full opinionHide full opinionThe auto and auto parts industries will do well. Magna has 320 manufacturing locations in 30 countries. 2.8% dividend with extremely good dividend coverage. They have lots of free cash flow. 17% growth forecast for next year. (Analysts’ price target is $76.17)
WATCH
WATCH
October 18, 2019
A downtrend has been in place since 2017 for LNR-T. It has shown a little relative strength against the S&P recently. Also, another bullish indicator is forming so it should be watched. He is trying to acquire MG-T, if it can break above $50.
Magna Int'l. (A)(MG-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 12
Neutral - Hold Signals / Votes : 6
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 20
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, 20 stock analysts published opinions about MG-T. 12 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Lorne Steinberg on 2021-01-22. 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?
20 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 2021-01-22, Magna Int'l. (A) (MG-T) stock closed at a price of $96.79.
