OTCMKTS:MALJF

Magellan Aerospace (MALJF) Stock Forecast, Price & News

$5.74

0.00 (0.00%)

(As of 06/7/2023 ET)

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Today's Range: $5.74
▼
$5.74
50-Day Range: $5.36
▼
$5.76
52-Week Range: $5.03
▼
$7.00

Volume: 500 shs
Average Volume: 476 shs
Market Capitalization: N/A

P/E Ratio: 6.02
Dividend Yield: 2.61%
Price Target: $8.00

Profile Analyst Ratings Chart Competitors Headlines Short Interest

Magellan Aerospace MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 39.4% Upside
$8.00 Price Target
Short Interest: Bearish
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.08 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Magellan Aerospace has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.00, Magellan Aerospace has a forecasted upside of 39.4% from its current price of $5.74.
Amount of Analyst Coverage
Magellan Aerospace has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
Magellan Aerospace has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Magellan Aerospace has recently increased by 200.00%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
Magellan Aerospace pays a meaningful dividend of 2.00%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Magellan Aerospace does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Magellan Aerospace is 15.74%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MALJF.

N/A

News and Social Media Coverage

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Magellan Aerospace insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 3.86% of the stock of Magellan Aerospace is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Magellan Aerospace is 6.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.55.
Price to Earnings Ratio vs. Sector
The P/E ratio of Magellan Aerospace is 6.02, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 615.78.

See Top Rated MarketRank™ Stocks Here

About Magellan Aerospace (OTCMKTS:MALJF) Stock

Magellan Aerospace Corp. engages in the provision of complex assemblies and systems solutions to aircraft and engine manufacturers, and defense and space agencies. Its products include aero engines, aero structures, wire strike protection system, rockets, space, sand castings, power generation, and supporting materials. The company was founded on February 15, 1996 and is headquartered in Mississauga, Canada.

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MALJF Stock News Headlines

May 30, 2023 | finance.yahoo.com

Magellan Aerospace Signs Agreement With the Boeing Company for Exhaust Systems

May 18, 2023 | investopedia.com

ONEOK Buys Magellan for $18.8 Billion to Add Oil, Refined Products

June 8, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.

May 14, 2023 | americanbankingnews.com

Critical Contrast: Magellan Aerospace (OTCMKTS:MALJF) and Meggitt (OTCMKTS:MEGGF)

May 10, 2023 | americanbankingnews.com

Magellan Aerospace (OTCMKTS:MALJF) Lifted to "Buy" at TD Securities

May 5, 2023 | msn.com

Magellan Aerospace GAAP EPS of C$0.07, revenue of C$223.38M

March 27, 2023 | marketwatch.com

Aircraft Aerostructures Market Insights and Forecast to 2031

March 10, 2023 | msn.com

Magellan Aerospace GAAP EPS of -C$0.36, revenue of C$193.11M

June 8, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

February 3, 2023 | finance.yahoo.com

Magellan Aerospace Corporation's (TSE:MAL) Intrinsic Value Is Potentially 90% Above Its Share Price

January 10, 2023 | finance.yahoo.com

Magellan Aerospace Applauds F-35 Aircraft Announcement by Canadian Government

December 11, 2022 | finance.yahoo.com

We Wouldn't Be Too Quick To Buy Magellan Aerospace Corporation (TSE:MAL) Before It Goes Ex-Dividend

November 22, 2022 | finance.yahoo.com

Magellan Aerospace Signs Multi-Year F-35 Lightning II Contract

November 11, 2022 | finance.yahoo.com

Magellan Aerospace Third Quarter 2022 Earnings: EPS: CA$0.01 (vs CA$0.008 in 3Q 2021)

October 1, 2022 | seekingalpha.com

MALJF Magellan Aerospace Corporation

August 11, 2022 | finance.yahoo.com

Magellan Aerospace (TSE:MAL) Has Announced That Its Dividend Will Be Reduced To CA$0.05

May 9, 2022 | seekingalpha.com

Magellan Aerospace GAAP EPS of -C$0.04, revenue of C$187.71M

May 9, 2022 | seekingalpha.com

Magellan Aerospace cuts dividend by ~24% to CAD 0.08/share

May 4, 2022 | finance.yahoo.com

Is Magellan Aerospace Corporation (TSE:MAL) Trading At A 32% Discount?

March 22, 2022 | seekingalpha.com

Magellan Aerospace GAAP EPS of -C$0.10, revenue of C$178.01M

March 22, 2022 | seekingalpha.com

Magellan Aerospace declares $0.105 dividend

February 9, 2022 | finance.yahoo.com

Magellan Aerospace to Provide Satellite Avionics Subsystems for CHORUS, MDA’s Next Generation Commercial Earth Observation Mission

January 19, 2022 | finance.yahoo.com

Is Now The Time To Look At Buying Magellan Aerospace Corporation (TSE:MAL)?

December 3, 2021 | finance.yahoo.com

Magellan Aerospace (TSE:MAL) Has Announced A Dividend Of CA$0.10

November 10, 2021 | finance.yahoo.com

An Intrinsic Calculation For Magellan Aerospace Corporation (TSE:MAL) Suggests It's 50% Undervalued

September 11, 2021 | finance.yahoo.com

Here's Why We're Wary Of Buying Magellan Aerospace's (TSE:MAL) For Its Upcoming Dividend

See More Headlines

MALJF Price History

30 days | 90 days | 365 days | Advanced Chart

MALJF Company Calendar

Today: 6/07/2023
Next Earnings (Estimated): 8/07/2023

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Aerospace & Defense
Sub-Industry: N/A
Sector: Industrials
Current Symbol: OTCMKTS:MALJF
CUSIP: N/A
CIK: N/A
Web: www.magellan.aero
Phone: (905) 677-1889
Fax: N/A
Employees: 3,400
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $8.00
High Stock Price Forecast: $8.00
Low Stock Price Forecast: $8.00
Forecasted Upside/Downside: +39.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 6.02
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: N/A

Key Executives

Phillip Campion Underwood
President, Chief Executive Officer & Director

Elena M. Milantoni
Chief Financial Officer & Secretary

Ian Roberts
Vice President-Information Technology

Chris Want
Manager-Business Development

Haydn Robert Martin
VP-Business Development, Marketing & Contracts

Key Competitors

View All Competitors

MALJF Stock - Frequently Asked Questions

Should I buy or sell Magellan Aerospace stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magellan Aerospace in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MALJF shares.
View MALJF analyst ratings or view top-rated stocks.
What is Magellan Aerospace's stock price forecast for 2023?: 1 brokerages have issued 1-year price targets for Magellan Aerospace's shares. Their MALJF share price forecasts range from $8.00 to $8.00. On average, they anticipate the company's stock price to reach $8.00 in the next twelve months. This suggests a possible upside of 39.4% from the stock's current price.
View analysts price targets for MALJF or view top-rated stocks among Wall Street analysts.
How have MALJF shares performed in 2023?: Magellan Aerospace's stock was trading at $7.00 on January 1st, 2023. Since then, MALJF shares have decreased by 18.0% and is now trading at $5.7370.
View the best growth stocks for 2023 here.
Are investors shorting Magellan Aerospace?: Magellan Aerospace saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 300 shares, an increase of 200.0% from the April 30th total of 100 shares. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is presently 0.2 days.
View Magellan Aerospace's Short Interest.
When is Magellan Aerospace's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our MALJF earnings forecast.

Is Magellan Aerospace a good dividend stock?: Magellan Aerospace (OTCMKTS:MALJF) pays an annual dividend of $0.15 per share and currently has a dividend yield of 2.00%. The dividend payout ratio is 15.74%. This payout ratio is at a healthy, sustainable level, below 75%.
What is Magellan Aerospace's stock symbol?: Magellan Aerospace trades on the OTCMKTS under the ticker symbol "MALJF."
How do I buy shares of Magellan Aerospace?: Shares of MALJF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Magellan Aerospace's stock price today?: One share of MALJF stock can currently be purchased for approximately $5.74.
How many employees does Magellan Aerospace have?: The company employs 3,400 workers across the globe.
How can I contact Magellan Aerospace?: Magellan Aerospace's mailing address is 3160 Derry Road East, Mississauga, ON L4T. The official website for the company is www.magellan.aero. The company can be reached via phone at (905) 677-1889.

This page (OTCMKTS:MALJF) was last updated on 6/8/2023 by MarketBeat.com Staff

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