MDA Space Ltd. (TSE:MDA) Receives Consensus Rating of “Buy” from Brokerages

MDA Space Ltd. (TSE:MDA) has received a consensus recommendation of “Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$38.89.

A number of equities analysts recently issued reports on MDA shares. BMO Capital Markets dropped their price objective on shares of MDA Space from C$36.00 to C$32.00 in a report on Monday, November 17th. Canaccord Genuity Group dropped their price target on shares of MDA Space from C$54.00 to C$47.00 in a research note on Tuesday, September 9th. Stifel Nicolaus set a C$48.00 price objective on MDA Space and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Scotiabank decreased their target price on MDA Space from C$43.00 to C$40.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Finally, Royal Bank Of Canada cut their price target on MDA Space from C$45.00 to C$38.00 in a report on Monday, November 17th.

MDA Space Price Performance

Shares of TSE MDA opened at C$24.90 on Friday. The firm has a market cap of C$3.14 billion, a P/E ratio of 29.29 and a beta of -0.90. MDA Space has a twelve month low of C$19.96 and a twelve month high of C$48.31. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. The company has a 50 day moving average of C$29.17 and a 200 day moving average of C$34.12.

MDA Space (TSE:MDA) last issued its earnings results on Friday, November 14th. The company reported C$0.35 earnings per share for the quarter. MDA Space had a return on equity of 6.17% and a net margin of 7.22%.The business had revenue of C$409.80 million during the quarter. As a group, research analysts expect that MDA Space will post 0.9605084 EPS for the current fiscal year.

Insider Activity

In other news, insider Guillaume Lavoie bought 1,220 shares of MDA Space stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average cost of C$33.91 per share, with a total value of C$41,370.20. Following the acquisition, the insider owned 4,562 shares of the company’s stock, valued at C$154,697.42. The trade was a 36.51% increase in their position. Company insiders own 12.60% of the company’s stock.

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.