RE: Price..My targetI believe the average P/E for the Aerospace Sector is
around 18(BBD.B is around 48). Magellan's P/E=8.64 presently.
Say price is 6.40, shares outstanding are 64,609,000
P(6.40*6460900)/E(earnings)=P/E(8.64) or 413497600/8.64=47858518(earnings).
Now P/E=PE or E*PE=P or (47858518*18)=(861453324/64609000) = 13.33.
$13.33 is it, and I'm sticking to it......