15:42:28 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 382,461,855
Close 2017-04-17 C$ 53.33
Market Cap C$ 20,396,690,727
Recent Sedar Documents

Globe says Magna International, others offer good value

2017-04-18 07:48 ET - In the News

Also In the News (C-CM) Canadian Imperial Bank of Commerce
Also In the News (C-CP) Canadian Pacific Railway Ltd
Also In the News (C-RCI) Rogers Communications Inc
Also In the News (C-TOU) Tourmaline Oil Corp

The Globe and Mail attempts to identify value and growth from Canadian large capitalization companies in its Tuesday edition. The Globe's Craig McGee writes in the Number Cruncher column that while stocks in the first quarter showed relative strength, equities have checked back somewhat, putting up mixed returns so far in April. In Canada, five of the 11 sectors have declined this month, led lower by health care (down 6.9 per cent), financials (2 per cent) and information technology (1.1 per cent). In the midst of growing uncertainty, investors may be looking to turn their attention to companies of higher quality and lower volatility. Mr. McGee only considered companies with a market cap greater than $5-billion and with the best mix of: return on equity; forward price-to-earnings ratio; low five-year price beta (a measure of relative volatility where values less than one suggest less volatility than the market and higher than one suggest more volatility); three-month consensus EPS estimate revision (cannot be worse than minus 5 per cent). Quality large-cap stocks are Magna International, Tourmaline Oil, Canadian Imperial Bank of Commerce, Rogers Communications and Canadian Pacific Railway.

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