Magellan Aerospace (TSE:MAL) Given New C$19.00 Price Target at TD Securities

Magellan Aerospace (TSE:MAL) had its price objective hoisted by TD Securities from C$18.00 to C$19.00 in a report published on Monday,BayStreet.CA reports.

Magellan Aerospace Stock Up 1.6 %

MAL opened at C$10.87 on Monday. The company has a quick ratio of 1.55, a current ratio of 2.58 and a debt-to-equity ratio of 11.81. The stock has a market cap of C$601.38 million, a price-to-earnings ratio of 31.10, a PEG ratio of -21.36 and a beta of 1.11. Magellan Aerospace has a twelve month low of C$7.77 and a twelve month high of C$11.05. The company’s 50-day moving average price is C$9.96 and its two-hundred day moving average price is C$10.03.

Magellan Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, March 19th. Magellan Aerospace’s payout ratio is 28.61%.

Magellan Aerospace Company Profile

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.