MDA Space (TSE:MDA) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

MDA Space (TSE:MDA) had its target price hoisted by research analysts at BMO Capital Markets from C$33.00 to C$53.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 14.77% from the company’s current price.

Several other equities research analysts have also recently issued reports on MDA. Desjardins raised their target price on shares of MDA Space from C$40.00 to C$55.00 and gave the stock a “buy” rating in a research report on Tuesday. Canaccord Genuity Group increased their price target on shares of MDA Space from C$36.00 to C$45.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Royal Bank Of Canada boosted their price objective on shares of MDA Space from C$35.00 to C$42.00 and gave the company an “outperform” rating in a research note on Thursday, July 3rd. Finally, Scotiabank downgraded MDA Space from a “strong-buy” rating to a “hold” rating and upped their price objective for the stock from C$33.00 to C$39.00 in a report on Thursday, July 3rd. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$43.22.

MDA Space Stock Up 3.7%

MDA opened at C$46.18 on Tuesday. MDA Space has a 12 month low of C$11.94 and a 12 month high of C$47.84. The business has a 50-day moving average of C$35.51 and a two-hundred day moving average of C$29.03. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00. The stock has a market capitalization of C$5.63 billion, a price-to-earnings ratio of 82.08 and a beta of 0.02.

Insider Activity

In related news, Senior Officer Minda Marie Suchan sold 40,000 shares of MDA Space stock in a transaction on Friday, June 20th. The shares were sold at an average price of C$30.64, for a total transaction of C$1,225,608.00. Also, Senior Officer David Snarch sold 18,000 shares of the company’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of C$28.20, for a total transaction of C$507,600.00. Insiders sold a total of 306,000 shares of company stock valued at $9,024,768 over the last quarter. 12.60% of the stock is owned by insiders.

About MDA Space

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators.