Magellan Aerospace (TSE:MAL – Free Report) had its target price boosted by TD Securities from C$14.00 to C$16.00 in a report published on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.
Magellan Aerospace Price Performance
Shares of MAL opened at C$7.99 on Tuesday. The company has a debt-to-equity ratio of 8.63, a current ratio of 2.78 and a quick ratio of 1.55. The company has a market capitalization of C$456.71 million, a price-to-earnings ratio of 39.95, a P/E/G ratio of -21.36 and a beta of 1.11. The business’s 50-day moving average is C$8.06 and its 200-day moving average is C$7.83. Magellan Aerospace has a fifty-two week low of C$7.02 and a fifty-two week high of C$8.67.
Magellan Aerospace (TSE:MAL – Get Free Report) last posted its quarterly earnings results on Monday, March 11th. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.07). Magellan Aerospace had a return on equity of 1.57% and a net margin of 1.31%. The company had revenue of C$223.58 million during the quarter, compared to analyst estimates of C$213.90 million. Equities research analysts expect that Magellan Aerospace will post 0.6755137 EPS for the current fiscal year.
Magellan Aerospace Dividend Announcement
About Magellan Aerospace
Magellan Aerospace Corporation, through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts.
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