MDA Space Ltd. (TSE:MDA) Receives Average Recommendation of “Moderate Buy” from Brokerages

MDA Space Ltd. (TSE:MDA) has received an average recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$18.63.

Several equities analysts have issued reports on MDA shares. Canaccord Genuity Group upped their target price on shares of MDA Space from C$18.00 to C$21.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Cormark increased their price objective on shares of MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th. Desjardins raised shares of MDA Space to a “moderate buy” rating in a research report on Wednesday. Scotiabank boosted their target price on shares of MDA Space from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, Royal Bank of Canada raised their price target on MDA Space from C$18.00 to C$20.00 in a research note on Friday, September 20th.

Insider Transactions at MDA Space

In related news, Director John Carter Risley sold 22,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total transaction of C$347,017.50. In related news, Director John Carter Risley sold 22,500 shares of MDA Space stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$15.42, for a total transaction of C$347,017.50. Also, Director Karl W. Smith purchased 3,244 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of C$14.83 per share, with a total value of C$48,120.20. Insiders have sold 199,220 shares of company stock valued at $3,285,909 over the last quarter. 12.60% of the stock is currently owned by company insiders.

MDA Space Price Performance

Shares of TSE MDA opened at C$21.30 on Friday. The company has a 50 day moving average of C$18.11 and a 200 day moving average of C$14.94. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79. MDA Space has a twelve month low of C$10.65 and a twelve month high of C$21.86. The firm has a market cap of C$2.56 billion, a P/E ratio of 56.05 and a beta of 0.02.

MDA Space (TSE:MDA) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.19 earnings per share for the quarter, topping the consensus estimate of C$0.10 by C$0.09. MDA Space had a return on equity of 4.47% and a net margin of 5.53%. The firm had revenue of C$242.00 million during the quarter, compared to analysts’ expectations of C$221.34 million. As a group, research analysts expect that MDA Space will post 0.9605084 EPS for the current fiscal year.

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.