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" MAL shares. View MAL analyst ratings or view top-rated stocks .

What is Magellan Aerospace's stock price target for 2024?

1 brokers have issued 1-year target prices for Magellan Aerospace's stock. Their MAL share price targets range from C$14.00 to C$14.00. On average, they predict the company's stock price to reach C$14.00 in the next twelve months. This suggests a possible upside of 73.3% 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 2024?

Magellan Aerospace's stock was trading at C$7.85 on January 1st, 2024. Since then, MAL shares have increased by 2.9% and is now trading at C$8.08. View the best growth stocks for 2024 here .

When is Magellan Aerospace's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our MAL earnings forecast .

How were Magellan Aerospace's earnings last quarter?

Magellan Aerospace Co. (TSE:MAL) issued its quarterly earnings results on Monday, March, 11th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by $0.07. The business earned $223.58 million during the quarter, compared to analyst estimates of $213.90 million. Magellan Aerospace had a net margin of 1.05% and a trailing twelve-month return on equity of 1.26%.

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

Magellan Aerospace announced a quarterly dividend on Friday, March 1st. Stockholders of record on Friday, March 15th will be paid a dividend of 0.025 per share on Thursday, March 28th. This represents a $0.10 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, March 14th. 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 1.25%. The dividend payout ratio is 62.50%. This payout ratio is at a healthy, sustainable level, below 75%. 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) .

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 .

TSE:MAL

Magellan Aerospace (MAL) Stock Price, News & Analysis

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Free MAL Stock Alerts

C$8.08

+0.15 (+1.89%)

(As of 01:04 PM ET)

Compare

Today's Range: C$7.92
▼
C$8.08
50-Day Range: C$7.86
▼
C$8.67
52-Week Range: C$6.76
▼
C$8.67

Volume: 5,820 shs
Average Volume: 8,251 shs
Market Capitalization: C$462.01 million

P/E Ratio: 50.50
Dividend Yield: 1.24%
Price Target: C$14.00

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Get Magellan Aerospace alerts:

Magellan Aerospace MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 73.3% Upside
C$14.00 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^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.51 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.
Amount of Analyst Coverage
Magellan Aerospace has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for MAL.

1.7

Dividend Strength

Dividend Yield
Magellan Aerospace pays a meaningful dividend of 1.25%, 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 62.50%. 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 MAL.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Magellan Aerospace this week, compared to 0 articles on an average week.

1.7

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 Insiders
79.18% of the stock of Magellan Aerospace is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 2.77% of the stock of Magellan Aerospace is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Magellan Aerospace is 50.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of Magellan Aerospace is 50.50, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 400.70.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for Magellan Aerospace, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
Magellan Aerospace has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Magellan Aerospace Stock (TSE:MAL)

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. It also designs, engineers, and manufactures assemblies and components, such as stage rocket motors, solid propellant rocket motors, and rocket weapon systems; wire strike protection systems for helicopter safety; space solutions, including small satellite bus platforms and satellite subsystem equipment, as well as offers services for satellite assembly, integration, and testing; and aluminum and magnesium alloy sand castings, such as engine mounted accessory gearbox housings, helicopter power transmission housings, auxiliary power unit inlet and gearbox housings, engine front inlet and intermediate cases, engine front frames and fan cases, pump and accessory drive housings, and environmental control housings. In addition, the company offers maintenance, repair, and overhaul for various engine and components MRO, as well as lifecycle management services to logistics, fleet management, and engineering services. Magellan Aerospace Corporation was incorporated in 1996 and is headquartered in Mississauga, Canada.

MAL Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MAL Stock News Headlines

April 16, 2024 | americanbankingnews.com

Magellan Aerospace (TSE:MAL) Stock Price Passes Above 200 Day Moving Average of $7.77

April 9, 2024 | seekingalpha.com

MAL:CA Magellan Aerospace Corporation

April 18, 2024 | Weiss Ratings (Ad)

Nvidia Has a BIG Problem — Here’s Who Benefits MOST

March 15, 2024 | finance.yahoo.com

Magellan Aerospace Corporation Just Missed EPS By 38%: Here's What Analysts Think Will Happen Next

March 12, 2024 | finance.yahoo.com

Magellan Aerospace (TSE:MAL) Has Affirmed Its Dividend Of CA$0.025

February 28, 2024 | marketwatch.com

Magellan Aerospace to Continue Supplying Airbus Single-Aisle Aircraft Parts

December 19, 2023 | ca.finance.yahoo.com

Stocks in play: Magellan Aerospace Corporation

November 29, 2023 | finance.yahoo.com

Investors in Magellan Aerospace (TSE:MAL) have unfortunately lost 44% over the last five years

April 18, 2024 | Weiss Ratings (Ad)

Nvidia Has a BIG Problem — Here’s Who Benefits MOST

November 9, 2023 | finance.yahoo.com

Magellan Aerospace (TSE:MAL) Is Paying Out A Dividend Of CA$0.025

November 6, 2023 | morningstar.com

Magellan Aerospace Corp MAL

June 20, 2023 | theglobeandmail.com

Closing Bell: Magellan Aero down on Monday (MAL)

June 9, 2023 | msn.com

2 Aerospace and Defence Stocks to Watch as the Sector Gains Altitude

May 12, 2023 | theglobeandmail.com

Closing Bell: Magellan Aero up on Friday (MAL)

May 8, 2023 | markets.businessinsider.com

Magellan Aerospace (MAL) Got Some Good News

May 4, 2023 | seekingalpha.com

Magellan Aerospace Corporation declares C$0.025 dividend

May 3, 2023 | theglobeandmail.com

Closing Bell: Magellan Aero up on Wednesday (MAL)

April 14, 2023 | theglobeandmail.com

Closing Bell: Magellan Aero down on Friday (MAL)

April 13, 2023 | theglobeandmail.com

Closing Bell: Magellan Aero down on Thursday (MAL)

April 11, 2023 | theglobeandmail.com

Closing Bell: Magellan Aero up on Tuesday (MAL)

April 10, 2023 | theglobeandmail.com

Closing Bell: Magellan Aero up on Monday (MAL)

April 7, 2023 | theglobeandmail.com

Closing Bell: Magellan Aero up on Thursday (MAL)

April 7, 2023 | finance.yahoo.com

Owning 79% in Magellan Aerospace Corporation (TSE:MAL) means that insiders are heavily invested in the company's future

April 6, 2023 | theglobeandmail.com

Closing Bell: Magellan Aero down on Wednesday (MAL)

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 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

See More Headlines

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Company Calendar

Last Earnings: 3/11/2024
Ex-Dividend for 3/28 Dividend: 3/14/2024
Dividend Payable: 3/28/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/02/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Industrials
Industry: Aerospace & Defense
Sub-Industry: N/A
Current Symbol: TSE:MAL
CUSIP: N/A
CIK: N/A
Web: magellan.aero
Phone: +1-905-6771889
Fax: N/A
Employees: 3,850
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$14.00
High Stock Price Target: C$14.00
Low Stock Price Target: C$14.00
Potential Upside/Downside: +76.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.16
Trailing P/E Ratio: 49.56
Forward P/E Ratio: 11.25
P/E Growth: -21.36
Net Income: C$9.25 million
Net Margins: 1.05%
Pretax Margin: N/A
Return on Equity: 1.26%
Return on Assets: 1.95%

Debt

Debt-to-Equity Ratio: 9.96
Current Ratio: 2.82
Quick Ratio: 1.55

Sales & Book Value

Annual Sales: C$879.62 million
Price / Sales: 0.52
Cash Flow: C$0.62 per share
Price / Cash Flow: 12.71
Book Value: C$12.83 per share
Price / Book: 0.62

Miscellaneous

Outstanding Shares: 57,180,000
Free Float: N/A
Market Cap: C$453.44 million
Optionable: Not Optionable
Beta: 1.11

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Key Executives

Mr. Norman Murray Edwards O.C. (Age 64)
Executive Chairman
Mr. Phillip Campion Underwood
President, CEO & Director
Ms. Elena M. Milantoni CA
CPA, CFO & Corporate Secretary
Mr. Haydn R. Martin
Vice President of Business Development, Marketing & Contracts
Mr. Ian Roberts
Vice President of Information Technology
Michael Gribe
Vice President of Human Resources

Key Competitors

View All Competitors

MAL Stock Analysis - 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" MAL shares.
View MAL analyst ratings or view top-rated stocks.
What is Magellan Aerospace's stock price target for 2024?: 1 brokers have issued 1-year target prices for Magellan Aerospace's stock. Their MAL share price targets range from C$14.00 to C$14.00. On average, they predict the company's stock price to reach C$14.00 in the next twelve months. This suggests a possible upside of 73.3% 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 2024?: Magellan Aerospace's stock was trading at C$7.85 on January 1st, 2024. Since then, MAL shares have increased by 2.9% and is now trading at C$8.08.
View the best growth stocks for 2024 here.
When is Magellan Aerospace's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our MAL earnings forecast.
How were Magellan Aerospace's earnings last quarter?: Magellan Aerospace Co. (TSE:MAL) issued its quarterly earnings results on Monday, March, 11th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by $0.07. The business earned $223.58 million during the quarter, compared to analyst estimates of $213.90 million. Magellan Aerospace had a net margin of 1.05% and a trailing twelve-month return on equity of 1.26%.

How often does Magellan Aerospace pay dividends? What is the dividend yield for Magellan Aerospace?: Magellan Aerospace announced a quarterly dividend on Friday, March 1st. Stockholders of record on Friday, March 15th will be paid a dividend of 0.025 per share on Thursday, March 28th. This represents a $0.10 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, March 14th.
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 1.25%. The dividend payout ratio is 62.50%. This payout ratio is at a healthy, sustainable level, below 75%.
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).
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.

This page (TSE:MAL) was last updated on 4/18/2024 by MarketBeat.com Staff

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Magellan Aerospace (MAL) Stock Price, News & Analysis

Magellan Aerospace MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Company Ownership

Earnings and Valuation

About Magellan Aerospace Stock (TSE:MAL)

MAL Stock Price History

MAL Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

MAL Stock Analysis - Frequently Asked Questions

Overall MarketRank^™