MDA Space Ltd. (TSE:MDA) Receives C$18.63 Average PT from Analysts

Shares of MDA Space Ltd. (TSE:MDA) have been assigned an average rating of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$22.29.

Several equities research analysts have issued reports on the stock. Scotiabank lifted their price target on shares of MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$15.00 to C$28.00 in a research report on Monday. Desjardins raised MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their price target on MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Finally, Canaccord Genuity Group increased their price objective on MDA Space from C$21.00 to C$27.00 in a report on Monday.

MDA Space Stock Up 0.8 %

TSE:MDA opened at C$25.48 on Friday. The company has a market cap of C$3.06 billion, a PE ratio of 67.05 and a beta of 0.02. The stock has a 50-day simple moving average of C$19.03 and a 200 day simple moving average of C$15.30. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. MDA Space has a 52-week low of C$10.65 and a 52-week high of C$25.95.

MDA Space (TSE:MDA) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.09. MDA Space had a net margin of 5.53% and a return on equity of 4.47%. The company had revenue of C$242.00 million for the quarter, compared to the consensus estimate of C$221.34 million. On average, sell-side analysts expect that MDA Space will post 0.9605084 EPS for the current fiscal year.

Insider Activity

In related news, Director Michael Philip Greenley sold 175,000 shares of the business’s stock in a transaction that occurred on Sunday, September 22nd. The stock was sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. In related news, Director Karl W. Smith acquired 3,244 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average cost of C$14.83 per share, for a total transaction of C$48,120.20. Also, Director Michael Philip Greenley sold 175,000 shares of the company’s stock in a transaction that occurred on Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total value of C$2,911,632.50. Insiders sold a total of 199,220 shares of company stock valued at $3,285,909 over the last three months. Insiders own 12.60% of the company’s stock.

About MDA Space

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.