MDA Space (TSE:MDA) Price Target Raised to C$72.00 at Desjardins

MDA Space (TSE:MDA) had its target price increased by Desjardins from C$70.00 to C$72.00 in a research note published on Wednesday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other analysts have also commented on MDA. Jefferies Financial Group upgraded shares of MDA Space to a “strong-buy” rating in a report on Wednesday, June 10th. Scotiabank increased their target price on MDA Space from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a research report on Monday, June 22nd. Morgan Stanley raised their target price on MDA Space from C$51.00 to C$58.00 in a research note on Friday, May 8th. ATB Cormark Capital Markets dropped their price target on MDA Space from C$67.00 to C$62.00 and set a “sector perform” rating on the stock in a research report on Monday, June 22nd. Finally, Stifel Nicolaus upped their price target on MDA Space from C$70.00 to C$75.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, MDA Space presently has an average rating of “Buy” and a consensus target price of C$63.80.

MDA Space Trading Down 2.2%

Shares of MDA stock opened at C$46.60 on Wednesday. The business has a 50-day moving average of C$54.72 and a 200 day moving average of C$44.05. The company has a debt-to-equity ratio of 20.62, a current ratio of 0.80 and a quick ratio of 1.00. MDA Space has a 1-year low of C$20.85 and a 1-year high of C$67.90. The stock has a market capitalization of C$6.47 billion, a PE ratio of 58.73 and a beta of -0.34.

MDA Space (TSE:MDA) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 EPS for the quarter. MDA Space had a net margin of 6.02% and a return on equity of 7.24%. The firm had revenue of C$464.10 million during the quarter. As a group, sell-side analysts anticipate that MDA Space will post 0.9605084 earnings per share for the current year.

Insider Transactions at MDA Space

In other news, insider Luigi Pozzebon sold 31,686 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of C$52.90, for a total value of C$1,676,189.40. Also, insider Minda Marie Suchan sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of C$53.22, for a total transaction of C$2,128,800.00. Following the sale, the insider owned 49,784 shares in the company, valued at approximately C$2,649,504.48. The trade was a 44.55% decrease in their position. Over the last three months, insiders sold 119,269 shares of company stock valued at $6,318,903. Company insiders own 12.60% of the company’s stock.

MDA Space Company Profile

Building the space between proven and possible, MDA Space (TSX:MDA; NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that’s been in our DNA since day one.