TD Securities Issues Positive Forecast for Magellan Aerospace (TSE:MAL) Stock Price

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

Magellan Aerospace Stock Up 1.6 %

Shares of TSE MAL opened at C$10.87 on Monday. The stock has a market capitalization of C$601.38 million, a P/E ratio of 31.10, a P/E/G ratio of -21.36 and a beta of 1.11. The company has a 50-day moving average price of C$9.96 and a 200-day moving average price of C$10.03. Magellan Aerospace has a 1 year low of C$7.77 and a 1 year high of C$11.05. The company has a debt-to-equity ratio of 11.81, a current ratio of 2.58 and a quick ratio of 1.55.

Magellan Aerospace Announces Dividend

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