Magellan Aerospace (TSE:MAL – Free Report) had its target price boosted by TD Securities from C$14.00 to C$16.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
Magellan Aerospace Stock Performance
TSE MAL opened at C$7.95 on Tuesday. The firm has a market capitalization of C$454.42 million, a price-to-earnings ratio of 39.75, a P/E/G ratio of -21.36 and a beta of 1.11. The company’s fifty day moving average is C$8.06 and its two-hundred day moving average is C$7.83. Magellan Aerospace has a 52-week low of C$7.02 and a 52-week high of C$8.67. The company has a debt-to-equity ratio of 8.63, a current ratio of 2.78 and a quick ratio of 1.55.
Magellan Aerospace (TSE:MAL – Get Free Report) last released 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 net margin of 1.31% and a return on equity of 1.57%. The business had revenue of C$223.58 million for the quarter, compared to analyst estimates of C$213.90 million. Equities research analysts forecast that Magellan Aerospace will post 0.6755137 EPS for the current 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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