Magellan Aerospace (TSE:MAL – Free Report) had its price objective hoisted by TD Securities from C$19.00 to C$20.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.
Magellan Aerospace Stock Up 2.8%
Magellan Aerospace stock opened at C$16.76 on Thursday. Magellan Aerospace has a fifty-two week low of C$7.92 and a fifty-two week high of C$16.98. The company has a debt-to-equity ratio of 11.81, a quick ratio of 1.55 and a current ratio of 2.58. The company has a market capitalization of C$927.24 million, a P/E ratio of 47.95, a PEG ratio of -21.36 and a beta of 1.11. The stock has a 50-day simple moving average of C$13.44 and a 200-day simple moving average of C$11.31.
Magellan Aerospace Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Wednesday, March 19th. Magellan Aerospace’s dividend payout ratio is presently 28.61%.
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.
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