4 Beaten-Down Canadian Stocks to Buy Amid Rising Investor Sentiment [Yahoo! Finance Canada]
Magna International, Inc. (MGA)
Last magna international, inc. earnings: 2/21 05:00 am
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US:NYSE Investor Relations:
magna.com/investors
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Source: Yahoo! Finance Canada
After four days of selling, the Canadian equity markets witnessed healthy buying yesterday, with the S&P/TSX Composite Index rising by 1.08%. There is growing hope that the Federal Reserve will cut interest rates later this month, thus improving the global economy. Investors looking for bargain stocks drove the index higher. Amid improving investors' sentiments, investors could buy the following four beaten-down TSX stocks to earn superior returns. Magna International Magna International TSX:MG ) has been under pressure over the last three years, losing around 57% of its stock value compared to its 2021 highs. Supply chain issues and weakness in the EV (electric vehicles) segment have weighed on the stock, dragging its stock price and valuation down. The company trades around 0.3 and 6.7 times analysts' projected sales and earnings for the next four quarters, which looks attractive. Further, the EV segment offers excellent long-term growth prospects despite the near-term weakne
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MGA
News
- What Does Magna International Inc.'s (TSE:MG) Share Price Indicate? [Yahoo! Finance]Yahoo! Finance
- Electric Powertrain Market is expected to generate a revenue of USD 211.7 Billion by 2031, Globally, at 13.20% CAGR: Verified Market Research® [Yahoo! Finance]Yahoo! Finance
- Auto Suppliers Show Off New Display, Safety, EV, Hybrid, Parking Tech [Forbes]Forbes
- CPP Benefits Not Enough? This Top Dividend Stock Can Help Fund Your Retirement [Yahoo! Finance Canada]Yahoo! Finance Canada
- Magna Chief Weighs In On Trends In Automotive Industry [Forbes]Forbes
MGA
Earnings
- 8/2/24 - Miss
MGA
Sec Filings
- 8/9/24 - Form 6-K
- 8/2/24 - Form 6-K
- 8/2/24 - Form 6-K
- MGA's page on the SEC website