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NEW YORK (TheStreet) -- Magna International (MGA) remains an A-rated, top pick in TheStreet's Trifecta Stocks portfolio, as the auto industry continues its recovery. The global automotive supplier designs, develops and manufactures various vehicle and assembly components.
"We remain bullish on the continued global recovery of automotive sales," said Trifecta Stocks' Bryan Ashenberg and Bob Lang in their analysis. "The improving economy should give the company attractive operating leverage when volumes come online as auto production increases."
Magna International continues to expand its international reach into growing regions, such as Turkey and greater Eastern Europe. Management expects new regions to account for 17% of revenue by 2015.
Shares closed 0.93% higher to finish at $85.03 on Friday. Year to date, shares have gained 70%, compared to the S&P 500's 19.42% increase.
TheStreet Ratings team rates Magna International Inc as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate Magna International Inc (MGA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins."