11:40:51 EDT Tue 09 Jun 2026
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 232,914,147
Close 2013-05-14 C$ 65.20
Market Cap C$ 15,186,002,384
Recent Sedar+ Documents

FP says Coupland advises when to buy Magna Int'l

2013-05-14 07:02 ET - In the News

The Financial Post reports in its Tuesday, May 14, edition that analysts are bullish on Magna International. The Post's Jonathan Ratner writes in the Trading Desk column that Magna's management is bullish on the company's prospects as well. While many on the Street hiked their earnings forecasts and price targets, CIBC analyst Todd Coupland outlined a slightly more involved trading strategy for Magna investors. He notes the stock usually does far better in the first half of the year than it does in the second half. First-half returns in the past six years have averaged 10 per cent, while second-half gains have been at just 1 per cent. The analyst notes this has been driven by seasonality and acquisitions that have improved results versus guidance. Mr. Coupland says: "It appears the market does not fully account for lower results in Q3 and Q4. ... As positive first-half auto sales and production numbers are released, this provides positive news flow for shares." He notes the ideal time to buy Magna shares has been after fourth quarter results are reported. The shares should then be held through May or June, but not through the second quarter report, says Mr. Coupland.

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