Magellan Aerospace (TSE:MAL) PT Raised to C$16.00

Magellan Aerospace (TSE:MAL) had its target price boosted by equities research analysts at TD Securities from C$14.00 to C$16.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 101.01% from the company’s current price.

Magellan Aerospace Stock Down 0.4 %

TSE:MAL opened at C$7.96 on Tuesday. The company has a debt-to-equity ratio of 8.63, a quick ratio of 1.55 and a current ratio of 2.78. The stock has a market capitalization of C$454.99 million, a P/E ratio of 39.80, a P/E/G ratio of -21.36 and a beta of 1.11. The company’s 50-day simple moving average is C$8.06 and its 200-day simple 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) last released its quarterly earnings results on Monday, March 11th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of C$223.58 million during the quarter, compared to analysts’ expectations of C$213.90 million. On average, equities analysts anticipate that Magellan Aerospace will post 0.6755137 earnings per share for the current fiscal year.

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.