MAL target raised to $18 Magellan Aerospace (TSE:MAL) 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. 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 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 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.