MDA Space (TSE:MDA) Upgraded at Scotiabank

Scotiabank upgraded shares of MDA Space (TSE:MDA) to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other research firms also recently weighed in on MDA. Canaccord Genuity Group upped their target price on shares of MDA Space from C$37.00 to C$51.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Morgan Stanley raised shares of MDA Space from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from C$32.00 to C$46.00 in a research report on Friday, January 16th. Stifel Nicolaus boosted their price objective on shares of MDA Space from C$48.00 to C$57.00 in a research note on Thursday, March 5th. BMO Capital Markets upped their price objective on shares of MDA Space from C$45.00 to C$50.00 in a report on Thursday, March 5th. Finally, Desjardins raised their target price on shares of MDA Space from C$51.00 to C$53.00 and gave the company a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$48.14.

MDA Space Trading Down 4.8%

TSE MDA opened at C$42.98 on Thursday. 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 twelve month low of C$20.85 and a twelve month high of C$48.31. The firm has a market capitalization of C$5.44 billion, a PE ratio of 51.17 and a beta of -1.20. The stock’s 50 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. The business had revenue of C$499.10 million during the quarter. MDA Space had a return on equity of 8.38% and a net margin of 6.64%. Research analysts forecast that MDA Space will post 0.9605084 earnings per share for the current fiscal year.

Insider Buying and Selling at MDA Space

In other 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 transaction of C$2,056,769.00. Following the completion of the transaction, the director directly owned 313,710 shares in the company, valued at C$8,523,500.70. This trade represents a 19.44% decrease in their ownership of the stock. 12.60% of the stock is owned by insiders.

MDA Space Company Profile

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.