QUOTE AND NEWS
Market Intelligence Center  Jan 26  Comment 
After Friday’s trading in Magna International Inc. (MGA) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 3.59% or 24.71% (for comparison purposes only), while providing 4.38%...
Canada.com  Jan 15  Comment 
"We view Wednesday's share price decline as an over-reaction to the 2015 outlook."
Benzinga  Jan 15  Comment 
Analysts at Canaccord Genuity upgraded Magna International Inc. (NYSE: MGA) from Hold to Buy. The price target for Magna International has been raised from $110 to $111. Magna International shares have jumped 11.74% over the past 52 weeks,...
Benzinga  Jan 15  Comment 
Automotive World  Jan 14  Comment 
Magna International Inc. (TSX: MG; NYSE: MGA) today announced its financial outlook for 2015.  All amounts are in U.S. dollars. 2015 OUTLOOK Light Vehicle Production (Units) North America 17.3 million Europe 20.3 million Production Sales North...
Automotive World  Jan 14  Comment 
Insurance Journal  Jan 13  Comment 
Burns & Wilcox Canada, a subsidiary of Kaufman Financial Group, announced it has acquired Avec Insurance Managers, a Toronto-based managing general agent with expertise in marine, inland marine and other specialty commercial lines. Avec will...
Market Intelligence Center  Dec 31  Comment 
After closing Tuesday at $108.98, Magna International Inc. (MGA) presents an attractive opportunity to get a 3.16% return in just 79 days, which is an annualized return of 14.62% (for comparison purposes only). To enter this trade, sell one Mar....
Market Intelligence Center  Dec 15  Comment 
Magna International Inc. (MGA) presents a trading opportunity that offers a 5.33% return in just 95 days. A covered call on Magna at the $100.00 level expiring on Mar. '15 offers an assigned return rate of 5.33% or 20.48% annualized. This trade...
Automotive World  Dec 12  Comment 
Jeff Conklin, Engineering Department Manager, Magna International’s Cosma Engineering, has been confirmed as a speaker in the Vehicle Lightweighting at Automotive Megatrends USA 2015, which takes place on 17 March 2015. Jeff Conklin is an...
Insurance Journal  Dec 4  Comment 
Hub International Limited, a global insurance brokerage, announced that its subsidiary Hub Financial Inc. has acquired the shares of MGA Partners Inc., an Ontario Canada-based managing general agency. Terms of the acquisition were not disclosed....




 
TOP CONTRIBUTORS

Magna International Inc. is a leading component manufacturer, supplier of all wheel drive systems, and vehicle assembler. The company is one of the largest North American suppliers of original equipment components, assemblies, modules and systems, and related tools for cars and light trucks. The company is also a global supplier of technologically advanced automotive components, systems and modules. The company designs, engineers and manufactures a range of exterior, interior and powertrain systems. Magna also provides vehicle design, engineering, assembly and program management services to its customers. The company's operations are conducted through its global automotive systems groups. The company operates through three segments: North America, Europe, and Rest of World (consisting of primarily South America an Asia). DaimlerChrysler, Ford, and General Motors are the major customers of the company, collectively accounting for around 70% of Magna's revenue.


Magna enjoys a strong competitive position in the industry as it is one of the few providers of a complete range of interior and exterior auto systems to global auto companies. Increasing content per vehicle (CPV) is the main driver of Magna's growth. CPVs in both North America and Europe have been increasing over time.

The company is a major provider of interior and exterior systems to automotive companies. Some of the prominent new product launches driving CPV growth include Chevy Equinox, Chevy Cobalt, SAAB 9-3 and BMW X3. The key platforms boosting CPV growth rate in North America are Chrysler minivans, Chrysler Pacifica, Chrysler 300, 300c, and Ford F-150. Simultaneously in Europe, the Mercedes B class, Honda Civic, BMW01 series, and Land Rover discovery are supporting CPV growth. Recently, Magna agreed to develop and produce the MINI sports activity vehicle for the BMW Group. With this, the company expects its annual sales to be more than $1 billion. Magna also has a strong balance sheet with cash and cash equivalents amounting to $1.7 billion.

The company has strong relationships with GM, Ford, and DaimlerChrysler. It has been recognized as an important supplier by all these automakers. Additionally, the bankruptcy filing by the component supplier Delphi Corporation has provided Magna with various business opportunities. Moreover, MGA has been awarded the transfer case business by Nissan. These trends make us believe that MGA will gain new businesses in the coming quarters. Further, GM has launched new full-size SUVs that will further strengthen demand for MGA's product line.




References

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