OTCMKTS:MALJF Magellan Aerospace (MALJF) Stock Forecast, Price & News $5.74 0.00 (0.00%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$5.74▼$5.7450-Day Range$5.36▼$5.7652-Week Range$5.03▼$7.00Volume500 shsAverage Volume476 shsMarket CapitalizationN/AP/E Ratio6.02Dividend Yield2.61%Price Target$8.00 ProfileProfileAnalyst RatingsChartCompetitorsHeadlinesShort InterestProfileAnalyst RatingsChartCompetitorsHeadlinesShort Interest Magellan Aerospace MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside39.4% Upside$8.00 Price TargetShort InterestBearishDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 RatingMagellan 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/DownsideAccording 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 CoverageMagellan Aerospace has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares ShortedShort Interest Ratio / Days to CoverMagellan 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 monthShort interest in Magellan Aerospace has recently increased by 200.00%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldMagellan Aerospace pays a meaningful dividend of 2.00%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMagellan Aerospace does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Magellan Aerospace is 15.74%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MALJF. Previous Next N/A News and Social Media Coverage Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Magellan Aerospace insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 3.86% of the stock of Magellan Aerospace is held by institutions. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe 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. SectorThe 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. Previous Next See Top Rated MarketRank™ Stocks Here About Magellan Aerospace (OTCMKTS:MALJF) StockMagellan 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.Read More Receive MALJF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Magellan Aerospace and its competitors with MarketBeat's FREE daily newsletter. Email Address MALJF Stock News HeadlinesMay 30, 2023 | finance.yahoo.comMagellan Aerospace Signs Agreement With the Boeing Company for Exhaust SystemsMay 18, 2023 | investopedia.comONEOK Buys Magellan for $18.8 Billion to Add Oil, Refined ProductsJune 8, 2023 | Edge On The Street (Ad)Graphite Shortage Could Derail the $7 Trillion EV TransitionGraphite (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.comCritical Contrast: Magellan Aerospace (OTCMKTS:MALJF) and Meggitt (OTCMKTS:MEGGF)May 10, 2023 | americanbankingnews.comMagellan Aerospace (OTCMKTS:MALJF) Lifted to "Buy" at TD SecuritiesMay 5, 2023 | msn.comMagellan Aerospace GAAP EPS of C$0.07, revenue of C$223.38MMarch 27, 2023 | marketwatch.comAircraft Aerostructures Market Insights and Forecast to 2031March 10, 2023 | msn.comMagellan Aerospace GAAP EPS of -C$0.36, revenue of C$193.11MJune 8, 2023 | Edge On The Street (Ad)Graphite Shortage Could Derail the $7 Trillion EV TransitionGraphite (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.February 3, 2023 | finance.yahoo.comMagellan Aerospace Corporation's (TSE:MAL) Intrinsic Value Is Potentially 90% Above Its Share PriceJanuary 10, 2023 | finance.yahoo.comMagellan Aerospace Applauds F-35 Aircraft Announcement by Canadian GovernmentDecember 11, 2022 | finance.yahoo.comWe Wouldn't Be Too Quick To Buy Magellan Aerospace Corporation (TSE:MAL) Before It Goes Ex-DividendNovember 22, 2022 | finance.yahoo.comMagellan Aerospace Signs Multi-Year F-35 Lightning II ContractNovember 11, 2022 | finance.yahoo.comMagellan Aerospace Third Quarter 2022 Earnings: EPS: CA$0.01 (vs CA$0.008 in 3Q 2021)October 1, 2022 | seekingalpha.comMALJF Magellan Aerospace CorporationAugust 11, 2022 | finance.yahoo.comMagellan Aerospace (TSE:MAL) Has Announced That Its Dividend Will Be Reduced To CA$0.05May 9, 2022 | seekingalpha.comMagellan Aerospace GAAP EPS of -C$0.04, revenue of C$187.71MMay 9, 2022 | seekingalpha.comMagellan Aerospace cuts dividend by ~24% to CAD 0.08/shareMay 4, 2022 | finance.yahoo.comIs Magellan Aerospace Corporation (TSE:MAL) Trading At A 32% Discount?March 22, 2022 | seekingalpha.comMagellan Aerospace GAAP EPS of -C$0.10, revenue of C$178.01MMarch 22, 2022 | seekingalpha.comMagellan Aerospace declares $0.105 dividendFebruary 9, 2022 | finance.yahoo.comMagellan Aerospace to Provide Satellite Avionics Subsystems for CHORUS, MDA’s Next Generation Commercial Earth Observation MissionJanuary 19, 2022 | finance.yahoo.comIs Now The Time To Look At Buying Magellan Aerospace Corporation (TSE:MAL)?December 3, 2021 | finance.yahoo.comMagellan Aerospace (TSE:MAL) Has Announced A Dividend Of CA$0.10November 10, 2021 | finance.yahoo.comAn Intrinsic Calculation For Magellan Aerospace Corporation (TSE:MAL) Suggests It's 50% UndervaluedSeptember 11, 2021 | finance.yahoo.comHere's Why We're Wary Of Buying Magellan Aerospace's (TSE:MAL) For Its Upcoming DividendSee More Headlines MALJF Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MALJF Company Calendar Today6/07/2023Next Earnings (Estimated)8/07/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeOTCMKTS Industry Aerospace & Defense Sub-IndustryN/A SectorIndustrials Current SymbolOTCMKTS:MALJF CUSIPN/A CIKN/A Webwww.magellan.aero Phone(905) 677-1889FaxN/AEmployees3,400Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio6.02 Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual SalesN/A Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book ValueN/A Price / BookN/AMiscellaneous Outstanding SharesN/AFree FloatN/AMarket CapN/A OptionableNot Optionable BetaN/A Key ExecutivesPhillip Campion UnderwoodPresident, Chief Executive Officer & DirectorElena M. MilantoniChief Financial Officer & SecretaryIan RobertsVice President-Information TechnologyChris WantManager-Business DevelopmentHaydn Robert MartinVP-Business Development, Marketing & ContractsKey CompetitorsAccelleron IndustriesOTCMKTS:ACLLYAirbusOTCMKTS:EADSFAMMONASDAQ:POWWPAstro AerospaceOTCMKTS:ASDNAustalOTCMKTS:AUTLFView 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Magellan Aerospace Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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