MDA Space (TSE:MDA) Stock Price Expected to Rise, Desjardins Analyst Says

MDA Space (TSE:MDA) had its price target upped by Desjardins from C$39.00 to C$48.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 39.13% from the company’s current price.

Other analysts have also issued research reports about the stock. Morgan Stanley upgraded shares of MDA Space from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from C$32.00 to C$46.00 in a research report on Friday, January 16th. BMO Capital Markets lifted their price objective on MDA Space from C$36.00 to C$45.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Canaccord Genuity Group boosted their price objective on MDA Space from C$37.00 to C$51.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Scotiabank raised their target price on MDA Space from C$38.00 to C$42.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada dropped their price target on MDA Space from C$45.00 to C$38.00 in a research report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat.com, MDA Space presently has a consensus rating of “Buy” and a consensus target price of C$45.43.

MDA Space Stock Down 1.4%

MDA Space stock opened at C$34.50 on Friday. The stock has a market capitalization of C$4.36 billion, a PE ratio of 40.59 and a beta of -0.97. MDA Space has a 12 month low of C$20.22 and a 12 month high of C$48.31. The business has a 50 day simple moving average of C$30.09 and a 200-day simple moving average of C$33.33. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00.

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

Insider Activity

In other MDA Space news, Director John Carter Risley sold 75,700 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$27.17, for a total value of C$2,056,769.00. Following the completion of the sale, the director directly owned 313,710 shares in the company, valued at C$8,523,500.70. This represents a 19.44% decrease in their position. 12.60% of the stock is owned by company insiders.

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.