Brokerages Set MDA Space Ltd. (TSE:MDA) Target Price at C$40.75

MDA Space Ltd. (TSE:MDA) has been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$42.38.

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

MDA Space Price Performance

MDA opened at C$41.11 on Monday. MDA Space has a fifty-two week low of C$19.96 and a fifty-two week high of C$48.31. The firm has a 50-day moving average of C$28.14 and a 200 day moving average of C$33.52. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83. The firm has a market cap of C$5.19 billion, a P/E ratio of 48.36 and a beta of -1.15.

MDA Space (TSE:MDA) last announced its quarterly earnings data on Friday, November 14th. The company reported C$0.35 EPS for the quarter. MDA Space had a net margin of 7.22% and a return on equity of 6.17%. The business had revenue of C$409.80 million for the quarter. On average, research analysts expect that MDA Space will post 0.9605084 EPS for the current year.

Insider Buying and Selling

In related news, Director John Carter Risley sold 75,700 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of C$27.17, for a total value 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 approximately C$8,523,500.70. This trade represents a 19.44% decrease in their position. Company insiders own 12.60% of the company’s stock.

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.