Magna International Inc. (MGA): Today's Featured Automotive Winner

Magna International (MGA) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day down 0.9%. By the end of trading, Magna International rose 28 cents (0.7%) to $39.91 on light volume. Throughout the day, 733,363 shares of Magna International exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in a price between $39.21-$39.93 after having opened the day at $39.64 as compared to the previous trading day's close of $39.63. Other companies within the Automotive industry that increased today were: Quantum Fuel Systems Technologies Worldwide (QTWW), up 11% and Tesla Motors (TSLA), up 1.6%.

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Magna International Inc. designs, develops, and manufactures automotive systems, assemblies, modules and components, and engineers and assembles vehicles to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America, and Africa. Magna International has a market cap of $9.57 billion and is part of the consumer goods sector. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7. Shares are up 19% year to date as of the close of trading on Friday. Currently there are nine analysts that rate Magna International a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Magna International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

• You can view the full Magna International Ratings Report.

On the negative front, Enova Systems (ENA), down 12.3%, ATC Venture Group (ATC), down 9%, Motorcar Parts of America (MPAA), down 5.4%, and Meritor (MTOR), down 3.5%, were all losers within the automotive industry with BorgWarner (BWA) being today's automotive industry loser.

• Use our automotive section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider Consumer Discretionary Sel Sec SPDR (XLY) while those bearish on the automotive industry could consider ProShares Ultra Sht Consumer Goods (SZK).

• Find other investment ideas from our top rated ETFs lists.

For more information on Magna International Inc. click any of the following:

• Magna International Inc. Stock Price

• Magna International Inc. Analyst Ratings

• Magna International Inc. Key Stats & Profile

• Magna International Inc. Earnings

• Magna International Inc. Ratio Comparison

• Magna International Inc. Growth Rates

• Magna International Inc. Balance Sheet

• Magna International Inc. Cash Flow

• Magna International Inc. Income Statement