Could Magellan Aerospace Corp Crash Even More? The Stock Had Another Big Decline Today

 Could Magellan Aerospace Corp Crash Even More? The Stock Had Another Big Decline Today

The stock of Magellan Aerospace Corp (TSE:MAL) is a huge mover today! About 23,155 shares traded hands. Magellan Aerospace Corp (TSE:MAL) has risen 14.88% since March 30, 2016 and is uptrending. It has outperformed by 13.67% the S&P500.
The move comes after 9 months negative chart setup for the $1.05 billion company. It was reported on Nov, 3 by Barchart.com. We have $17.12 PT which if reached, will make TSE:MAL worth $63.00M less.

Magellan Aerospace Corp (TSE:MAL) Ratings Coverage

Out of 3 analysts covering Magellan Aerospace Corporation (TSE:MAL), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $23.75 is the highest target while $19 is the lowest. The $22.25 average target is 22.19% above today’s ($18.21) stock price. Magellan Aerospace Corporation has been the topic of 6 analyst reports since August 4, 2015 according to StockzIntelligence Inc. TD Securities downgraded the stock to “Buy” rating in Wednesday, August 12 report. The rating was maintained by Canaccord Genuity on Monday, October 24 with “Buy”.

More news for Magellan Aerospace Corp (TSE:MAL) were recently published by: Seekingalpha.com, which released: “Magellan Aerospace: This Under-Appreciated Aerospace Company Will Rise 20 …” on April 24, 2016. Prnewswire.com‘s article titled: “Magellan Aerospace Announces Contract Award with Boeing” and published on May 11, 2012 is yet another important article.

Magellan Aerospace Corporation is a Canada supplier of components to the aerospace industry and in certain applications for power generation projects. The company has a market cap of $1.05 billion. The Firm engineers and makes aeroengine and aerostructure components for aerospace markets, including products for defense and space markets, and complementary specialty products. It has a 11.81 P/E ratio. The Company’s divisions include Aerospace and Power Generation Project.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment