Desjardins Increases MDA Space (TSE:MDA) Price Target to C$53.00

MDA Space (TSE:MDA) had its price objective boosted by Desjardins from C$51.00 to C$53.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 23.31% from the stock’s current price.

A number of other analysts also recently issued reports on the company. Scotiabank lifted their price target 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. Morgan Stanley upgraded shares of 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 report on Friday, January 16th. Canaccord Genuity Group raised their target price on shares of MDA Space from C$37.00 to C$51.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. BMO Capital Markets lifted their target price on shares of MDA Space from C$45.00 to C$50.00 in a research report on Thursday, March 5th. Finally, Stifel Nicolaus boosted their price target on shares of MDA Space from C$48.00 to C$57.00 in a research note on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$48.14.

MDA Space Trading Down 4.8%

Shares of MDA stock opened at C$42.98 on Friday. The company has a debt-to-equity ratio of 30.34, a quick ratio of 1.00 and a current ratio of 0.47. MDA Space has a 52-week low of C$20.85 and a 52-week high of C$48.31. The company has a market capitalization of C$5.44 billion, a PE ratio of 51.17 and a beta of -1.20. The business’s fifty day moving average is C$38.48 and its 200 day moving average is C$32.62.

MDA Space (TSE:MDA) last posted its quarterly earnings data on Wednesday, March 4th. The company reported C$0.45 earnings per share (EPS) for the quarter. MDA Space had a return on equity of 8.38% and a net margin of 6.64%.The company had revenue of C$499.10 million during the quarter. On average, equities research analysts anticipate that MDA Space will post 0.9605084 EPS for the current fiscal year.

Insider Activity

In other news, Director John Carter Risley sold 75,700 shares of the company’s stock in a transaction dated 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 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 position. 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. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics.