Magellan Aerospace (TSE:MAL) had its price objective lifted by equities research analysts at Canaccord Genuity from C$20.00 to C$21.00 in a report issued on Wednesday. Canaccord Genuity’s price objective suggests a potential upside of 19.25% from the stock’s previous close.
Shares of MAL opened at C$17.61 on Wednesday. Magellan Aerospace has a 52 week low of C$15.02 and a 52 week high of C$21.90. The company has a debt-to-equity ratio of 10.16, a current ratio of 2.53 and a quick ratio of 1.48.
Magellan Aerospace (TSE:MAL) last issued its quarterly earnings results on Wednesday, August 8th. The company reported C$0.40 earnings per share (EPS) for the quarter. The business had revenue of C$241.22 million for the quarter. As a group, equities research analysts predict that Magellan Aerospace will post 1.6200000307109 earnings per share for the current year.
Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, and manufactures aero engine and aero structure components for aerospace markets in Canada, the United Sates, and Europe. The company offers aero engines products, including 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.
Read More: Understanding Relative Strength Index
Receive News & Ratings for Magellan Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magellan Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.