MDA Space (TSE:MDA) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of MDA Space (TSE:MDA) from a market perform rating to an outperform rating in a report published on Monday, MarketBeat Ratings reports. The firm currently has C$28.00 price target on the stock, up from their prior price target of C$15.00.

MDA has been the subject of several other reports. Canaccord Genuity Group boosted their target price on MDA Space from C$21.00 to C$27.00 in a report on Monday. Scotiabank lifted their price target on MDA Space from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Royal Bank of Canada increased their price objective on MDA Space from C$18.00 to C$20.00 in a report on Friday, September 20th. Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Finally, Cormark upped their price target on shares of MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.29.

MDA Space Stock Up 2.2 %

Shares of TSE:MDA opened at C$25.29 on Monday. The firm has a 50 day simple moving average of C$18.84 and a 200-day simple moving average of C$15.22. MDA Space has a twelve month low of C$10.65 and a twelve month high of C$25.54. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79. The company has a market capitalization of C$3.04 billion, a PE ratio of 66.55 and a beta of 0.02.

MDA Space (TSE:MDA) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.19 earnings per share 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 firm had revenue of C$242.00 million during the quarter, compared to analysts’ expectations of C$221.34 million. On average, equities analysts predict 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 stock in a transaction 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 other news, Director Michael Philip Greenley sold 175,000 shares of the business’s stock in a transaction dated Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. Also, Director Karl W. Smith purchased 3,244 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average cost of C$14.83 per share, with a total value of C$48,120.20. Over the last 90 days, insiders have sold 199,220 shares of company stock valued at $3,285,909. Company 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.