MDA Space (TSE:MDA) Given New C$51.00 Price Target at Canaccord Genuity Group

MDA Space (TSE:MDA) had its price target boosted by Canaccord Genuity Group from C$37.00 to C$51.00 in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

MDA has been the topic of a number of other research reports. BMO Capital Markets lifted their target price on MDA Space from C$36.00 to C$45.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley upgraded MDA Space from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from C$32.00 to C$46.00 in a research note on Friday, January 16th. Scotiabank raised their target price on shares of MDA Space from C$38.00 to C$42.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Royal Bank Of Canada dropped their price target on shares of MDA Space from C$45.00 to C$38.00 in a research report on Monday, November 17th. Finally, Stifel Nicolaus set a C$48.00 price objective on shares of MDA Space and gave the company a “buy” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to MarketBeat.com, MDA Space presently has an average rating of “Buy” and a consensus price target of C$44.71.

MDA Space Trading Down 4.6%

TSE:MDA opened at C$39.22 on Thursday. The company has a market cap of C$4.95 billion, a P/E ratio of 46.14 and a beta of -1.15. MDA Space has a twelve month low of C$20.11 and a twelve month high of C$48.31. The business has a 50 day moving average price of C$28.47 and a two-hundred day moving average price of C$33.56. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94.

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

Insider Buying and Selling at MDA Space

In related news, Director John Carter Risley sold 75,700 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of C$27.17, for a total value of C$2,056,769.00. Following the transaction, the director directly owned 313,710 shares in the company, valued at approximately C$8,523,500.70. This represents a 19.44% decrease in their ownership of the stock. Corporate insiders own 12.60% of the company’s stock.

MDA Space Company Profile

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. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics.