TD Securities Lowers Magellan Aerospace (MAL) Price Target to C$22.00

Magellan Aerospace (TSE:MAL) had its price target reduced by investment analysts at TD Securities from C$24.00 to C$22.00 in a research note issued on Thursday. TD Securities’ target price would indicate a potential upside of 26.44% from the stock’s current price.

Separately, Canaccord Genuity raised their target price on shares of Magellan Aerospace from C$20.00 to C$21.00 in a research note on Wednesday.

MAL opened at C$17.40 on Thursday. Magellan Aerospace has a fifty-two week low of C$15.02 and a fifty-two week high of C$21.90. The company has a current ratio of 2.53, a quick ratio of 1.48 and a debt-to-equity ratio of 10.16.

Magellan Aerospace (TSE:MAL) last posted its earnings results on Wednesday, August 8th. The company reported C$0.40 earnings per share for the quarter. The company had revenue of C$241.22 million for the quarter. On average, equities analysts forecast that Magellan Aerospace will post 1.50999997483333 EPS for the current fiscal year.

Magellan Aerospace Company Profile

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.

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