MDA Space (TSE:MDA) Price Target Raised to C$48.00

MDA Space (TSE:MDA) had its target price hoisted by Desjardins from C$39.00 to C$48.00 in a research report report published on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently commented on the company. Canaccord Genuity Group upped their price target on MDA Space from C$37.00 to C$51.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Royal Bank Of Canada dropped their target price on shares of MDA Space from C$45.00 to C$38.00 in a research report on Monday, November 17th. Scotiabank raised their price target on MDA Space from C$38.00 to C$42.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Morgan Stanley raised MDA Space from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from C$32.00 to C$46.00 in a research note on Friday, January 16th. Finally, BMO Capital Markets raised their target price on MDA Space from C$36.00 to C$45.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$45.43.

MDA Space Stock Down 1.4%

MDA stock opened at C$34.50 on Friday. The company has a 50-day moving average of C$30.09 and a two-hundred day moving average of C$33.28. MDA Space has a 52-week low of C$20.22 and a 52-week high of C$48.31. The stock has a market capitalization of C$4.36 billion, a price-to-earnings ratio of 40.59 and a beta of -0.97. 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 released its earnings results on Friday, November 14th. The company reported C$0.35 earnings per share (EPS) 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. As a group, equities research analysts anticipate that MDA Space will post 0.9605084 EPS for the current year.

Insider Activity

In other news, Director John Carter Risley sold 75,700 shares of the company’s stock in a transaction dated 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 represents a 19.44% decrease in their position. 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.