|Bid||68.78 x 0|
|Ask||69.10 x 0|
|Day's Range||68.41 - 69.56|
|52 Week Range||58.74 - 87.13|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||10.13|
|Earnings Date||Feb 22, 2019|
|Forward Dividend & Yield||1.77 (2.59%)|
|1y Target Est||66.02|
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! The size of Magna International Inc. (TSE:MG),Read More...
Magna International Inc. (TSX:MG)(NYSE:MGA) and two other Canadian auto-related stocks vie for a place in a dividend portfolio.
General Motors Co on Monday said it was starting to hand pink slips to about 4,000 salaried workers in the latest round of a restructuring announced in late November that will ultimately shrink its white-collar workforce in North America by 15 percent out of 54,000. Two people briefed on the cuts said GM is cutting hundreds of jobs at its information technology centers in Texas, Georgia, Arizona and Michigan and more than 1,000 jobs at its Warren, Michigan Tech Center. GM is filing new required mass layoff notices with state agencies and disclosed the cuts to lawmakers.
I wouldn't touch Magna International Inc. (TSX:MG)(NYSE:MGA) and one other stock with a barge pole given the 2019 slowdown.
AURORA, Ontario, Jan. 30, 2019 -- Magna International Inc. (TSX:MG) (NYSE:MGA) FOURTH QUARTER & YEAR END 2018RESULTS CONFERENCE CALLFRIDAY – FEBRUARY 22nd, 20197:00 AM.
The union representing autoworkers at General Motors' Oshawa, Ontario plant called on Canadian and U.S. consumers on Friday to stop buying GM cars made in Mexico, the latest tactic in its campaign to get the automaker back to the bargaining table. GM has said it will close Oshawa by the end of this year, but Unifor wants GM to continue production until September 2020, when the current contract expires, hoping that provides enough time to secure the plant's future. The closure, which GM said will affect 2,973 assembly-line jobs in Oshawa, is part of a broad restructuring aimed at cutting the automaker's costs as investments increase in electric and self-driving vehicles.
Two important questions to ask before you buy Magna International Inc. (TSE:MG) is, how it makes money and how it spends its cash. What is left after investment, determines the Read More...
Germany's top carmakers including BMW and Volkswagen are looking at ways to speed up development of the next generation of self-driving cars, possibly by even working together, as tech giant Google forges ahead with plans to mass produce such vehicles. Carmakers and tech companies have been in a race to develop self-driving robotaxis since 2012 when Google unveiled a self-driving car.
Magna International Inc. (TSX:MG)(NYSE:MGA) stock has more attractive valuation than its famous American counterpart.
Earn U.S. dollars or get a boost on your dividend through some great Canadian dividend stocks like Restaurant Brands International Inc. (TSX:QSR)(NYSE:QSR).
Global automobile and auto parts makers which want to capitalize on electric and autonomous vehicles need to cut back investments and forge more partnerships instead, the chief executive of global parts supplier Magna International said Tuesday. Over the next decade, vehicle and parts suppliers plan to spend $300 billion to bring electric cars to the mass market, Magna CEO Don Walker said, a huge jump from last year's industry estimate of $90 billion for the period.
Global automobile and auto parts makers which want to capitalize on electric and autonomous vehicles need to cut back investments and forge more partnerships instead, the chief executive of global parts supplier Magna International said Tuesday. Over the next decade, vehicle and parts suppliers plan to spend $300 billion to bring electric cars to the mass market, Magna CEO Don Walker said, a huge jump from last year's industry estimate of $90 billion for the period. Big oil, telecommunications and technology companies are also making large bets on electric vehicles, investing in areas such as battery startups and charging stations.
Magna International Inc. (TSX:MG)(NYSE:MGA) and Linamar Corporation (TSX:LNR) may have celebrated the USMCA, but both stocks are risky bets in 2019.
AURORA, Ont. — Magna International Inc. says it expects its sales this year will be weighed down by a stronger U.S. dollar and the sale of its fluid pressure and controls business. The Ontario-based auto parts maker, which keeps its books in U.S. dollars, says it expects total sales of US$40.2 billion to $42.4 billion for 2019. Magna expects net income for the year to total $2.1 billion to $2.3 billion. Capital spending for 2019 is forecast to be about $1.7 billion. Magna signed a deal in September to sell its fluid pressure and controls business to Hanon Systems, a South Korea-based company, for roughly $1.23 billion. The deal is expected to close in the first quarter of 2019. Companies in this story: (TSX:MG) The Canadian Press
Magna adds new customer and additional sports car to its complete vehicle assembly line-upProduction to begin in early 2019Further demonstrates the company’s unique position in.
The company expects total revenue of $40.2 billion to $42.4 billion and net income of $2.1 billion to $2.3 billion in 2019. Magna agreed to sell the fluid pressure and controls business, which includes electronic pumps and cooling fans, to South Korea-based Hanon Systems for $1.23 billion in September last year. Magna also forecast a slight decline in its earnings before interest and taxes due to higher commodity costs.
Sales growth and increased EBIT Margin1 over outlook periodHigher free cash flow2 in 2019-2021 period, compared to 2018-2020 AURORA, Ontario, Jan. 15, 2019 -- Magna.
Tired of constant declines? This trio of stocks, including Magna International Inc. (TSX:MG)(NYSE:MGA), might have the rocket fuel you need.
Magna International Inc (TSX:MG)(NYSE:MGA) and these two other stocks trade at low multiples and could provide investors with great returns this year.