Brokerages Set MDA Space Ltd. (TSE:MDA) PT at C$64.70

MDA Space Ltd. (TSE:MDA) has earned a consensus rating of “Buy” from the eleven analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$64.70.

A number of analysts have weighed in on the stock. BMO Capital Markets increased their price target on shares of MDA Space from C$53.00 to C$68.00 and gave the company an “outperform” rating in a report on Monday, June 22nd. Canadian Imperial Bank of Commerce dropped their price objective on shares of MDA Space from C$67.00 to C$59.00 in a report on Wednesday, July 15th. Morgan Stanley upped their price objective on shares of MDA Space from C$51.00 to C$58.00 in a research report on Friday, May 8th. Scotia increased their target price on shares of MDA Space from C$53.00 to C$70.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 28th. Finally, Scotiabank increased their target price on shares of MDA Space from C$70.00 to C$71.00 and gave the company a “sector outperform” rating in a research note on Monday, June 22nd.

MDA Space Stock Down 0.1%

Shares of MDA stock opened at C$44.47 on Monday. MDA Space has a 12 month low of C$20.85 and a 12 month high of C$67.90. The firm has a market cap of C$7.20 billion, a PE ratio of 56.04 and a beta of -0.34. The stock has a 50 day moving average of C$54.10 and a 200-day moving average of C$44.65. The company has a quick ratio of 1.00, a current ratio of 0.80 and a debt-to-equity ratio of 20.62.

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

Insider Transactions at MDA Space

In other MDA Space news, insider Luigi Pozzebon sold 31,686 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of C$52.90, for a total value of C$1,676,189.40. Also, insider Minda Marie Suchan sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of C$53.22, for a total value of C$2,128,800.00. Following the completion of the sale, the insider owned 49,784 shares of the company’s stock, valued at C$2,649,504.48. This represents a 44.55% decrease in their position. In the last quarter, insiders sold 119,269 shares of company stock worth $6,318,903. Insiders own 12.60% of the company’s stock.

MDA Space Company Profile

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.