MDA Space Ltd. (TSE:MDA) Given Consensus Rating of “Buy” by Analysts

MDA Space Ltd. (TSE:MDA) has received an average recommendation of “Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$40.75.

A number of brokerages have commented on MDA. Stifel Nicolaus set a C$48.00 price objective on shares of MDA Space and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Scotiabank lifted their price target on MDA Space from C$38.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. BMO Capital Markets reduced their price objective on MDA Space from C$36.00 to C$32.00 in a research note on Monday, November 17th. Royal Bank Of Canada lowered their price objective on MDA Space from C$45.00 to C$38.00 in a research note on Monday, November 17th. Finally, Morgan Stanley upgraded MDA Space from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from C$32.00 to C$46.00 in a report on Friday, January 16th.

MDA Space Stock Up 0.4%

Shares of MDA opened at C$36.70 on Monday. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00. The stock has a market capitalization of C$4.63 billion, a price-to-earnings ratio of 43.18 and a beta of -1.15. MDA Space has a 1 year low of C$19.96 and a 1 year high of C$48.31. The business’s 50 day simple moving average is C$27.12 and its 200-day simple moving average is C$33.49.

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

Insider Buying and Selling

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 transaction 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. The trade was a 19.44% decrease in their ownership of the stock. 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.