MDA Space (TSE:MDA) Given a C$58.00 Price Target by Royal Bank Of Canada Analysts

MDA Space (TSE:MDA) received a C$58.00 price objective from equities researchers at Royal Bank Of Canada in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 36.95% from the stock’s current price.

Several other brokerages also recently commented on MDA. Desjardins upped their price objective on MDA Space from C$70.00 to C$72.00 and gave the company a “buy” rating in a research report on Wednesday. Canaccord Genuity Group raised their target price on shares of MDA Space from C$56.00 to C$65.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Morgan Stanley increased their target price on shares of MDA Space from C$51.00 to C$58.00 in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce dropped their target price on MDA Space from C$67.00 to C$59.00 in a research note on Wednesday. Finally, ATB Cormark Capital Markets lowered their target price on shares of MDA Space from C$67.00 to C$62.00 and set a “sector perform” rating for the company in a research note on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$64.70.

MDA Space Price Performance

Shares of MDA Space stock opened at C$42.35 on Thursday. The stock has a 50 day moving average price of C$54.58 and a 200-day moving average price of C$44.16. MDA Space has a one year low of C$20.85 and a one year high of C$67.90. The stock has a market cap of C$5.88 billion, a price-to-earnings ratio of 53.37 and a beta of -0.34. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.00 and a current ratio of 0.80.

MDA Space (TSE:MDA) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.38 earnings per share (EPS) for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%.The company had revenue of C$464.10 million during the quarter. Equities analysts expect that MDA Space will post 0.9605084 EPS for the current year.

Insiders Place Their Bets

In other news, insider Guillaume Lavoie sold 688 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of C$55.62, for a total transaction of C$38,266.56. Following the sale, the insider directly owned 5,569 shares in the company, valued at C$309,747.78. This trade represents a 11.00% decrease in their position. Also, insider Luigi Pozzebon sold 31,686 shares of MDA Space stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of C$52.90, for a total value of C$1,676,189.40. Insiders have sold 119,269 shares of company stock valued at $6,318,903 over the last quarter. Insiders own 12.60% of the company’s stock.

About MDA Space

Building the space between proven and possible, MDA Space (TSX:MDA; NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that’s been in our DNA since day one.