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

Shares of MDA Space Ltd. (TSE:MDA) have earned an average recommendation of “Buy” from the seven analysts that are covering the stock, Marketbeat reports. Six equities research 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 objective among brokerages that have issued ratings on the stock in the last year is C$40.75.

Several research firms have recently weighed in on MDA. Scotiabank lifted their target price 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. Royal Bank Of Canada reduced their price target on shares of MDA Space from C$45.00 to C$38.00 in a research note on Monday, November 17th. BMO Capital Markets decreased their price objective on shares of MDA Space from C$36.00 to C$32.00 in a report on Monday, November 17th. Morgan Stanley raised shares of 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 report on Friday, January 16th. Finally, Stifel Nicolaus set a C$48.00 target price on shares of MDA Space and gave the stock a “buy” rating in a research note on Wednesday, October 8th.

MDA Space Stock Up 0.4%

Shares of TSE:MDA opened at C$36.70 on Monday. The firm has a market capitalization of C$4.63 billion, a PE ratio of 43.18 and a beta of -1.15. The business has a 50 day simple moving average of C$27.12 and a two-hundred day simple moving average of C$33.49. MDA Space has a 1 year low of C$19.96 and a 1 year high of C$48.31. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00.

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

Insider Transactions at MDA Space

In related news, Director John Carter Risley sold 75,700 shares of the stock in a transaction that occurred 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 transaction, the director owned 313,710 shares of the company’s stock, valued at C$8,523,500.70. This represents a 19.44% decrease in their ownership of the stock. 12.60% of the stock is currently owned by company 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.