MDA Space (TSE:MDA) Price Target Raised to C$25.00

MDA Space (TSE:MDA) had its price target lifted by Scotiabank from C$22.00 to C$25.00 in a report released on Friday, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other equities analysts also recently weighed in on the stock. Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. Canaccord Genuity Group upped their price objective on shares of MDA Space from C$18.00 to C$21.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Royal Bank of Canada increased their price objective on shares of MDA Space from C$18.00 to C$20.00 in a research note on Friday, September 20th. Finally, Cormark boosted their target price on shares of MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.13.

MDA Space Stock Up 10.4 %

Shares of MDA Space stock opened at C$23.51 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79. The company has a market cap of C$2.82 billion, a P/E ratio of 61.87 and a beta of 0.02. The firm’s 50 day moving average price is C$18.28 and its 200-day moving average price is C$15.00. MDA Space has a 52-week low of C$10.65 and a 52-week high of C$23.92.

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

Insider Activity

In other news, Director John Carter Risley sold 22,500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total transaction of C$347,017.50. In other MDA Space news, Director Karl W. Smith acquired 3,244 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of C$14.83 per share, for a total transaction of C$48,120.20. Also, Director John Carter Risley sold 22,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total transaction of C$347,017.50. Over the last quarter, insiders sold 199,220 shares of company stock valued at $3,285,909. 12.60% of the stock is currently owned by company insiders.

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.