MDA Space (TSE:MDA) Price Target Raised to C$27.00

MDA Space (TSE:MDA) had its price objective increased by Canaccord Genuity Group from C$21.00 to C$27.00 in a research report report published on Monday morning,BayStreet.CA reports.

Several other brokerages have also recently issued reports on MDA. Royal Bank of Canada raised their price objective on MDA Space from C$18.00 to C$20.00 in a research note on Friday, September 20th. Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Cormark raised their target price on MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th. Finally, Scotiabank boosted 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. 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, the company currently has an average rating of “Moderate Buy” and an average price target of C$22.29.

MDA Space Trading Up 0.8 %

TSE:MDA opened at C$25.48 on Monday. MDA Space has a one year low of C$10.65 and a one year high of C$25.95. The business’s 50-day simple moving average is C$19.03 and its 200 day simple moving average is 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. The stock has a market cap of C$3.06 billion, a price-to-earnings ratio of 67.05 and a beta of 0.02.

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

Insider Buying and Selling

In related news, Director Karl W. Smith acquired 3,244 shares of MDA Space stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of C$14.83 per share, with a total value of C$48,120.20. In other news, Director Karl W. Smith acquired 3,244 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of C$14.83 per share, with a total value of C$48,120.20. Also, Director Michael Philip Greenley sold 175,000 shares of the stock in a transaction 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. Over the last ninety days, insiders sold 199,220 shares of company stock worth $3,285,909. Corporate 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.