Magellan Aerospace (TSE:MAL) Price Target Raised to C$19.00

Magellan Aerospace (TSE:MAL) had its price target increased by TD Securities from C$18.00 to C$19.00 in a research report report published on Monday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Magellan Aerospace Stock Performance

Shares of MAL opened at C$11.15 on Monday. The company has a debt-to-equity ratio of 11.81, a current ratio of 2.58 and a quick ratio of 1.55. The stock has a 50-day moving average of C$9.97 and a 200-day moving average of C$10.05. The company has a market cap of C$616.87 million, a PE ratio of 31.90, a P/E/G ratio of -21.36 and a beta of 1.11. Magellan Aerospace has a one year low of C$7.77 and a one year high of C$11.15.

Magellan Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be paid a dividend of $0.025 per share. The ex-dividend date is Wednesday, March 19th. This represents a $0.10 dividend on an annualized basis and a yield of 0.90%. Magellan Aerospace’s dividend payout ratio (DPR) is currently 28.61%.

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.