Is there a Bearish outlook for Magellan Aerospace Corporation (TSE:MAL) this week?

March 18, 2018 - By Winifred Garcia

 Is there a Bearish outlook for Magellan Aerospace Corporation (TSE:MAL) this week?

Magellan Aerospace Corporation (TSE:MAL) Ratings Coverage

Among 3 analysts covering Magellan Aerospace Corporation (TSE:MAL), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Magellan Aerospace Corporation had 7 analyst reports since August 4, 2015 according to SRatingsIntel. TD Securities downgraded Magellan Aerospace Corporation (TSE:MAL) on Wednesday, August 12 to “Buy” rating. The firm earned “Buy” rating on Monday, October 24 by Canaccord Genuity. Below is a list of Magellan Aerospace Corporation (TSE:MAL) latest ratings and price target changes.

The stock decreased 0.84% or $0.17 during the last trading session, reaching $20.05. About 9,510 shares traded. Magellan Aerospace Corporation (TSE:MAL) has 0.00% since March 18, 2017 and is . It has underperformed by 16.70% the S&P500.

Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, and makes aero engine and aero structure components for aerospace markets in Canada, the United Sates, and Europe. The company has market cap of $1.17 billion. The firm offers aero engines products, including engine frames, compressor and fan cases, turbine cases, shafts, rotor spools, discs and blisks, and gearbox housings; and combustion liners and cases, exhaust frames and systems, engine bypass ducts and frames, acoustically treated exhaust systems, and fan cowl doors, as well as repair and overhaul services for jet engines, and nacelle components. It has a 10.5 P/E ratio. It also supplies parts and equipment for power generation projects; and provides aero structures components, such as landing gear systems, wing ribs and spars, bulkheads and fuselage components, tailcone assemblies, and composite wing and fairing structures.

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