Brokerages Set MDA Space Ltd. (TSE:MDA) Target Price at C$47.43

Shares of MDA Space Ltd. (TSE:MDA) have received an average recommendation of “Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$47.43.

A number of research firms have commented on MDA. Canaccord Genuity Group increased their price objective on shares of MDA Space from C$37.00 to C$51.00 and gave the company a “buy” rating in a report on Thursday, January 29th. BMO Capital Markets boosted their target price on MDA Space from C$45.00 to C$50.00 in a report on Thursday, March 5th. Morgan Stanley upgraded MDA Space from an “equal weight” rating to an “overweight” rating and upped their price target for the company from C$32.00 to C$46.00 in a research report on Friday, January 16th. Desjardins increased their price target on MDA Space from C$39.00 to C$48.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Stifel Nicolaus lifted their price objective on MDA Space from C$48.00 to C$57.00 in a research report on Thursday, March 5th.

Insider Transactions at MDA Space

In other MDA Space news, Director John Carter Risley sold 75,700 shares of the firm’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 of the company’s stock, valued at C$8,523,500.70. This trade represents a 19.44% decrease in their position. 12.60% of the stock is currently owned by insiders.

MDA Space Price Performance

MDA Space stock opened at C$45.13 on Tuesday. The company has a fifty day simple moving average of C$38.21 and a 200-day simple moving average of C$32.71. The firm has a market capitalization of C$5.71 billion, a price-to-earnings ratio of 53.73 and a beta of -1.20. The company has a quick ratio of 1.00, a current ratio of 0.47 and a debt-to-equity ratio of 30.34. MDA Space has a 52-week low of C$20.85 and a 52-week high of C$48.31.

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

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.