Magellan Aerospace (TSE:MAL) PT Lowered to C$10.50

Magellan Aerospace (TSE:MALGet Rating) had its target price dropped by equities researchers at TD Securities from C$11.00 to C$10.50 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price objective would indicate a potential upside of 25.60% from the stock’s previous close.

MAL opened at C$8.36 on Thursday. The stock has a market cap of C$482.61 million and a price-to-earnings ratio of -417.50. Magellan Aerospace has a 1 year low of C$8.11 and a 1 year high of C$10.99. The company has a current ratio of 3.60, a quick ratio of 1.97 and a debt-to-equity ratio of 8.85. The stock has a fifty day moving average price of C$9.66 and a 200 day moving average price of C$9.89.

Magellan Aerospace (TSE:MALGet Rating) last released its quarterly earnings data on Tuesday, March 22nd. The company reported C($0.10) earnings per share (EPS) for the quarter. The company had revenue of C$178.01 million during the quarter. As a group, sell-side analysts forecast that Magellan Aerospace will post 0.9400001 earnings per share for the current fiscal year.

About Magellan Aerospace (Get Rating)

Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, manufactures, and sells aero engine, and aero structure assemblies and components for the aerospace markets in Canada, the United States, Europe, and Asia. It offers aero engine products, such as engine frames, compressor and fan cases, turbine cases, shafts, rotor spools, discs and blisks, and gearbox housings; and combustion liners and cases, exhaust frames and systems, engine bypass ducts and frames, acoustically treated exhaust systems, and fan cowl doors, as well as repair and overhaul services.

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