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

MDA Space (TSE:MDA) had its price target lifted by research analysts at BMO Capital Markets from C$36.00 to C$45.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 14.74% from the company’s previous close.

Several other equities analysts also recently commented on MDA. Morgan Stanley raised shares of MDA Space from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from C$32.00 to C$46.00 in a report on Friday, January 16th. Scotiabank lifted their price target on shares of MDA Space from C$38.00 to C$42.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Stifel Nicolaus set a C$48.00 price objective on shares of MDA Space and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada cut their price objective on MDA Space from C$45.00 to C$38.00 in a research report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat.com, MDA Space currently has an average rating of “Buy” and a consensus price target of C$44.71.

MDA Space Stock Performance

TSE:MDA opened at C$39.22 on Wednesday. The stock has a 50-day moving average price of C$28.47 and a 200 day moving average price of C$33.56. The stock has a market capitalization of C$4.95 billion, a P/E ratio of 46.14 and a beta of -1.15. MDA Space has a 12-month low of C$20.11 and a 12-month high of C$48.31. The company has a current ratio of 0.83, a quick ratio of 1.00 and a debt-to-equity ratio of 34.94.

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

Insider Activity at MDA Space

In other MDA Space news, Director John Carter Risley sold 75,700 shares of MDA Space stock in a transaction on 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 completion of the transaction, the director directly owned 313,710 shares of the company’s stock, valued at C$8,523,500.70. This trade represents a 19.44% decrease in their position. 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. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics.