Relatively High Forward Earnings Yield Detected in Shares of China Automotive Systems in the Auto Parts & Equipment Industry (CAAS, AXL, DAN, MPG, MGA)
Below are the three companies in the Auto Parts & Equipment industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.
China Automotive Systems ranks highest with a forward earnings yield of 20.6%. Following is American Axle & Manufacturing with a forward earnings yield of 17.9%. Dana ranks third highest with a forward earnings yield of 14.9%.
Maguire Properties follows with a forward earnings yield of 12.3%, and Magna International rounds out the top five with a forward earnings yield of 10.8%.
SmarTrend recommended that subscribers consider buying shares of Magna International on February 26th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $38.15. Since that recommendation, shares of Magna International have risen 7.4%. We continue to monitor Magna International for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest forward earnings yield china automotive systems American Axle & Manufacturing dana maguire properties Magna International