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

MDA Space Ltd. (TSE:MDA) has received an average rating of “Buy” from the eleven analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$63.40.

A number of brokerages recently issued reports on MDA. Canadian Imperial Bank of Commerce set a C$57.00 price target on shares of MDA Space and gave the company an “outperformer” rating in a research report on Thursday, May 14th. Stifel Nicolaus lifted their target price on shares of MDA Space from C$70.00 to C$75.00 and gave the stock a “buy” rating in a report on Monday. Scotiabank lifted their target price on shares of MDA Space from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a report on Monday. Jefferies Financial Group raised shares of MDA Space to a “strong-buy” rating in a report on Wednesday, June 10th. Finally, Canaccord Genuity Group lifted their target price on shares of MDA Space from C$56.00 to C$65.00 and gave the stock a “buy” rating in a report on Monday.

Insider Activity

In other MDA Space news, insider Minda Marie Suchan sold 40,000 shares of MDA Space stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of C$53.22, for a total value of C$2,128,800.00. Following the completion of the transaction, the insider directly owned 49,784 shares of the company’s stock, valued at approximately C$2,649,504.48. The trade was a 44.55% decrease in their ownership of the stock. Also, insider Guillaume Lavoie sold 1,500 shares of MDA Space stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of C$52.63, for a total transaction of C$78,945.00. Following the completion of the transaction, the insider directly owned 6,257 shares of the company’s stock, valued at C$329,305.91. This trade represents a 19.34% decrease in their ownership of the stock. Insiders sold a total of 119,269 shares of company stock valued at $6,318,903 over the last ninety days. 12.60% of the stock is currently owned by corporate insiders.

MDA Space Trading Down 2.5%

Shares of TSE MDA opened at C$53.67 on Thursday. 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 cap of C$7.45 billion, a P/E ratio of 67.09 and a beta of -0.53. The firm has a 50-day moving average of C$52.17 and a 200 day moving average of C$41.15. 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 (TSE:MDA) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.38 earnings per share (EPS) for the quarter. MDA Space had a net margin of 6.02% and a return on equity of 7.24%. The company had revenue of C$464.10 million during the quarter. As a group, sell-side analysts expect that MDA Space will post 0.9605084 EPS for the current fiscal year.

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.