Free Trial

Magellan Aerospace (TSE:MAL) Reaches New 12-Month High - Still a Buy?

Magellan Aerospace logo with Industrials background

Magellan Aerospace Co. (TSE:MAL - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as C$17.35 and last traded at C$17.24, with a volume of 55117 shares changing hands. The stock had previously closed at C$16.75.

Analysts Set New Price Targets

Separately, TD Securities raised their price target on Magellan Aerospace from C$19.00 to C$20.00 and gave the company a "buy" rating in a report on Thursday, May 22nd.

Read Our Latest Report on MAL

Magellan Aerospace Trading Down 2.4%

The firm has a fifty day simple moving average of C$13.99 and a two-hundred day simple moving average of C$11.57. The stock has a market cap of C$933.33 million, a PE ratio of 48.27, a PEG ratio of -21.36 and a beta of 1.11. The company has a current ratio of 2.58, a quick ratio of 1.55 and a debt-to-equity ratio of 11.81.

Magellan Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a $0.025 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $0.10 dividend on an annualized basis and a yield of 0.59%. Magellan Aerospace's dividend payout ratio (DPR) is currently 28.61%.

About Magellan Aerospace

(Get Free Report)

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.

Recommended Stories

Should You Invest $1,000 in Magellan Aerospace Right Now?

Before you consider Magellan Aerospace, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Magellan Aerospace wasn't on the list.

While Magellan Aerospace currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

2025 Gold Forecast: A Perfect Storm for Demand Cover

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

The Next Palantir? AI-Defense Stock Set for Explosive Growth
2 Chip Stocks Are Soaring—But One Could Break Out This Summer
Congress Bought This Stock at the Bottom—Will You Miss It?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines