TD Securities Increases Magellan Aerospace (TSE:MAL) Price Target to C$18.00

Magellan Aerospace (TSE:MAL - Get Free Report) had its price objective raised by stock analysts at TD Securities from C$17.00 to C$18.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' price target indicates a potential upside of 76.13% from the stock's previous close.

Magellan Aerospace Stock Up 0.6 %

Shares of Magellan Aerospace stock traded up C$0.06 on Thursday, hitting C$10.22. The company had a trading volume of 3,365 shares, compared to its average volume of 9,437. The stock has a market capitalization of C$583.97 million, a price-to-earnings ratio of 34.27, a P/E/G ratio of -21.36 and a beta of 1.11. The company has a debt-to-equity ratio of 12.92, a quick ratio of 1.55 and a current ratio of 2.44. Magellan Aerospace has a 1 year low of C$7.28 and a 1 year high of C$11.05. The stock has a 50 day moving average of C$9.77 and a 200-day moving average of C$8.87.

Magellan Aerospace (TSE:MAL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$0.13 earnings per share for the quarter. The business had revenue of C$242.91 million for the quarter. Magellan Aerospace had a return on equity of 2.30% and a net margin of 1.88%. As a group, sell-side analysts forecast that Magellan Aerospace will post 0.9692308 earnings per share for the current year.

Magellan Aerospace Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.