MDA Space (TSE:MDA) Price Target Raised to C$45.00

MDA Space (TSE:MDA) had its target price raised by BMO Capital Markets from C$36.00 to C$45.00 in a research report report published on Wednesday morning,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other research analysts also recently issued reports on MDA. Royal Bank Of Canada reduced their price target on MDA Space from C$45.00 to C$38.00 in a report on Monday, November 17th. Scotiabank lifted their price objective 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. Stifel Nicolaus set a C$48.00 target price on MDA Space and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Morgan Stanley raised MDA Space from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from C$32.00 to C$46.00 in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat, MDA Space currently has a consensus rating of “Buy” and a consensus target price of C$44.71.

MDA Space Trading Down 2.0%

TSE:MDA opened at C$38.43 on Wednesday. The firm has a market capitalization of C$4.85 billion, a P/E ratio of 45.21 and a beta of -1.15. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. The company has a fifty day moving average of C$28.78 and a 200 day moving average of C$33.56. MDA Space has a 52 week low of C$20.11 and a 52 week high of C$48.31.

MDA Space (TSE:MDA) last released its quarterly earnings data on Friday, November 14th. The company reported C$0.35 earnings per share (EPS) for the quarter. The firm 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%. On average, research analysts predict that MDA Space will post 0.9605084 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John Carter Risley sold 75,700 shares of the business’s 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 sale, the director owned 313,710 shares in the company, valued at approximately C$8,523,500.70. The trade was a 19.44% decrease in their position. Corporate 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.