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TSE:MAL

Magellan Aerospace - MAL Stock Forecast, Price & News

C$7.51
-0.14 (-1.83%)
(As of 03/21/2023 12:00 AM ET)
Add
Compare
Today's Range
C$7.25
▼
C$7.65
50-Day Range
C$7.51
▼
C$9.45
52-Week Range
C$6.60
▼
C$10.08
Volume
13,227 shs
Average Volume
8,548 shs
Market Capitalization
C$431.90 million
P/E Ratio
N/A
Dividend Yield
1.33%
Price Target
C$8.00

Magellan Aerospace MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
6.5% Upside
C$8.00 Price Target
Short Interest
N/A
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.

1.16 out of 5 stars

See Top Rated MarketRank™ Stocks Here

MAL stock logo

About Magellan Aerospace (TSE:MAL) Stock

Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, manufactures, and sells aero engine and structure components for the aerospace markets in Canada, the United States, Europe, and Asia. It offers aero engine products, such as engine frames, cases, bypass ducts, engine shafts, engine processes, engine materials, metallic honeycomb, filament winding, compressor components, turbine components, and afterburner components, as well as small and large wing components, landing gear, horizontal and vertical stabilizers, and nacelle exhaust systems. The company also provides crown modules, vane box and transition ducts, wing spars, wing ribs, wing skins, access covers, and kitting solutions; black brant, rato booster motors, as well as rocket weapon system comprises of fixed wing variant, and rotary wing platforms. In addition, the company offers avionics, machined metal seals, rocket engine mount, and cast products, as well as newspace, and satellite support services. Further, the company provides 3D sand printing, metal pouring, solidification modeling, automated pouring and finishing, digital radiography, and 3D scanning products. Additionally, the company offers maintenance, repair, and overhaul for various engine and components, as well as lifecycle management services to logistics, fleet management, and engineering services. Furthermore, it provides wire strike protection system services. Magellan Aerospace Corporation was incorporated in 1996 and is headquartered in Mississauga, Canada.

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MAL Stock News Headlines

March 15, 2023 | americanbankingnews.com
Magellan Aerospace (TSE:MAL) Given New C$8.00 Price Target at TD Securities
March 11, 2023 | finance.yahoo.com
It Might Not Be A Great Idea To Buy Magellan Aerospace Corporation (TSE:MAL) For Its Next Dividend
March 22, 2023 | Weiss Ratings (Ad)
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March 9, 2023 | finance.yahoo.com
Magellan Aerospace (TSE:MAL) Is Reducing Its Dividend To CA$0.025
March 6, 2023 | finance.yahoo.com
Magellan Aerospace Signs Agreement With Collins Aerospace for Complex Castings
March 4, 2023 | msn.com
Magellan Aerospace Corporation declares $0.025 dividend
January 13, 2023 | theglobeandmail.com
Magellan Aerospace: Top 10 Undervalued Aerospace & Defense Industry Stocks (MAL)
December 9, 2022 | ca.finance.yahoo.com
Stocks in play: Magellan Aerospace Corp
March 22, 2023 | Investing Daily (Ad)
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November 24, 2022 | finance.yahoo.com
Magellan Aerospace's (TSE:MAL) Dividend Will Be Reduced To CA$0.025
October 13, 2022 | theglobeandmail.com
Closing Bell: Magellan Aero down on Tuesday (MAL)
October 11, 2022 | finance.yahoo.com
Magellan Aerospace Awarded Multi-Year Contract From Sikorsky Aircraft Corporation
October 7, 2022 | finance.yahoo.com
With a 79% stake, Magellan Aerospace Corporation (TSE:MAL) insiders have a lot riding on the company
August 27, 2022 | finance.yahoo.com
Magellan Aerospace (TSE:MAL) Is Paying Out Less In Dividends Than Last Year
July 11, 2022 | finance.yahoo.com
Should You Investigate Magellan Aerospace Corporation (TSE:MAL) At CA$7.40?
June 18, 2022 | finance.yahoo.com
The past five years for Magellan Aerospace (TSE:MAL) investors has not been profitable
May 26, 2022 | finance.yahoo.com
Magellan Aerospace's (TSE:MAL) Dividend Is Being Reduced To CA$0.08
May 17, 2022 | finance.yahoo.com
Magellan Aerospace and RocketFrac Services Sign Manufacturing Contract
March 8, 2022 | finance.yahoo.com
Do Institutions Own Magellan Aerospace Corporation (TSE:MAL) Shares?
November 7, 2021 | au.finance.yahoo.com
US Extremely Large Telescope Program Ranked As Top Astro2020 Initiative
July 20, 2021 | finance.yahoo.com
The Magellan Aerospace (TSE:MAL) Share Price Has Gained 51% And Shareholders Are Hoping For More
June 21, 2021 | finance.yahoo.com
Magellan Aerospace Secures Multi-year Airbus Contract Renewal
June 18, 2021 | finance.yahoo.com
Magellan Aerospace (TSE:MAL) Has A Pretty Healthy Balance Sheet
May 25, 2021 | finance.yahoo.com
Magellan Aerospace Announces Renewal of Normal Course Issuer Bid
May 19, 2021 | finance.yahoo.com
At CA$10.16, Is It Time To Put Magellan Aerospace Corporation (TSE:MAL) On Your Watch List?
April 19, 2021 | finance.yahoo.com
Investors Could Be Concerned With Magellan Aerospace's (TSE:MAL) Returns On Capital
March 31, 2021 | finance.yahoo.com
Magellan Aerospace Secures Contract Extension With Boeing Commercial Aircraft
See More Headlines
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MAL Company Calendar

Ex-Dividend for 12/30 Dividend
12/14/2022
Dividend Payable
12/30/2022
Ex-Dividend for 3/31 Dividend
3/16/2023
Today
3/22/2023
Dividend Payable
3/31/2023
Next Earnings (Estimated)
5/05/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Aerospace & Defense - Major Diversified
Sub-Industry
N/A
Sector
Industrials
Current Symbol
TSE:MAL
CUSIP
N/A
CIK
N/A
Web
magellan.aero
Phone
+1-905-6771889
Fax
N/A
Employees
3,400
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$8.00
High Stock Price Forecast
C$8.00
Low Stock Price Forecast
C$8.00
Forecasted Upside/Downside
+6.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C($0.12)
Trailing P/E Ratio
N/A
Forward P/E Ratio
26.35
P/E Growth
-21.36
Net Income
C$-21,690,000.00
Net Margins
-2.84%
Pretax Margin
N/A
Return on Equity
-2.90%
Return on Assets
-0.85%

Debt

Debt-to-Equity Ratio
8.66
Current Ratio
2.82
Quick Ratio
1.55

Sales & Book Value

Annual Sales
C$764.58 million
Price / Sales
0.56
Cash Flow
C$0.59 per share
Price / Cash Flow
12.71
Book Value
C$12.68 per share
Price / Book
0.59

Miscellaneous

Outstanding Shares
57,510,000
Free Float
N/A
Market Cap
C$431.90 million
Optionable
Not Optionable
Beta
1.07

Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 62)
    Exec. Chairman
  • Mr. Phillip Campion Underwood
    Pres, CEO & Director
  • Ms. Elena M. Milantoni CA
    CPA, CFO & Corp. Sec.
  • Mr. Haydn R. Martin
    VP of Bus. Devel., Marketing & Contracts
  • Ms. Jo-Ann C. Ball
    VP of HR

Key Competitors

View All Competitors













MAL 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 twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" MAL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MAL, but not buy additional shares or sell existing shares.
View MAL analyst ratings or view top-rated stocks.

What is Magellan Aerospace's stock price forecast for 2023?

1 brokerages have issued twelve-month target prices for Magellan Aerospace's shares. Their MAL share price forecasts range from C$8.00 to C$8.00. On average, they predict the company's share price to reach C$8.00 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price.
View analysts price targets for MAL or view top-rated stocks among Wall Street analysts.

How have MAL shares performed in 2023?

Magellan Aerospace's stock was trading at C$10.00 at the beginning of the year. Since then, MAL shares have decreased by 24.9% and is now trading at C$7.51.
View the best growth stocks for 2023 here.

When is Magellan Aerospace's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our MAL earnings forecast.

How often does Magellan Aerospace pay dividends? What is the dividend yield for Magellan Aerospace?

Magellan Aerospace declared a quarterly dividend on Friday, March 3rd. Investors of record on Friday, March 17th will be paid a dividend of 0.025 per share on Friday, March 31st. This represents a $0.10 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Thursday, March 16th.
Read our dividend analysis for MAL.

Is Magellan Aerospace a good dividend stock?

Magellan Aerospace (TSE:MAL) pays an annual dividend of C$0.10 per share and currently has a dividend yield of 1.21%.
Read our dividend analysis for MAL.

What other stocks do shareholders of Magellan Aerospace own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magellan Aerospace investors own include Air Canada (AC), Aphria (APHA), NFI Group (NFI), Stantec (STN), Aurora Cannabis (ACB), Aecon Group (ARE), Bombardier, Inc. Class B (BBD.B), Walt Disney (DIS), First Quantum Minerals (FM) and Magna International (MG).

What is Magellan Aerospace's stock symbol?

Magellan Aerospace trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MAL."

How do I buy shares of Magellan Aerospace?

Shares of MAL stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Magellan Aerospace's stock price today?

One share of MAL stock can currently be purchased for approximately C$7.51.

How much money does Magellan Aerospace make?

Magellan Aerospace (TSE:MAL) has a market capitalization of C$431.90 million and generates C$764.58 million in revenue each year. The company earns C$-21,690,000.00 in net income (profit) each year or C($0.12) on an earnings per share basis.

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 Rd E, MISSISSAUGA, ON L4T 1A9, Canada. The official website for the company is magellan.aero. The company can be reached via phone at +1-905-6771889.

This page (TSE:MAL) was last updated on 3/22/2023 by MarketBeat.com Staff