MDA Space (TSE:MDA) Given a C$16.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a C$16.00 price target on MDA Space (TSE:MDA) in a research report report published on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages also recently weighed in on MDA. BMO Capital Markets increased their price target on shares of MDA Space from C$13.00 to C$15.00 and gave the company a market perform rating in a research report on Thursday, February 29th. Scotiabank raised their target price on shares of MDA Space from C$17.00 to C$18.50 and gave the stock an outperform rating in a report on Wednesday, April 10th.

MDA Space Stock Up 13.5 %

Shares of TSE MDA opened at C$13.64 on Monday. The firm has a market capitalization of C$1.63 billion, a PE ratio of 35.89 and a beta of 0.14. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 52.23. MDA Space has a 1 year low of C$7.72 and a 1 year high of C$15.45. The firm’s 50-day moving average is C$13.02 and its 200-day moving average is C$12.97.

MDA Space (TSE:MDA) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$0.15 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.01. The business had revenue of C$209.10 million for the quarter, compared to the consensus estimate of C$210.35 million. MDA Space had a net margin of 5.71% and a return on equity of 4.41%. Equities analysts expect that MDA Space will post 0.5601118 EPS for the current year.

MDA Space Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 22nd were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. MDA Space’s dividend payout ratio is currently 389.47%.

Insider Transactions at MDA Space

In other news, Director Brendan Paddick bought 85,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was acquired at an average cost of C$11.96 per share, with a total value of C$1,016,600.00. Company insiders own 12.63% of the company’s stock.

MDA Space Company Profile

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.