MDA Space (TSE:MDA) Stock Price Expected to Rise, Desjardins Analyst Says

MDA Space (TSE:MDA) had its target price raised by Desjardins from C$39.00 to C$48.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 38.25% from the company’s current price.

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

MDA Space Price Performance

MDA Space stock traded down C$0.26 during midday trading on Friday, reaching C$34.72. 447,727 shares of the company were exchanged, compared to its average volume of 1,108,589. The firm’s 50-day simple moving average is C$29.88 and its 200-day simple moving average is C$33.45. MDA Space has a 1 year low of C$20.22 and a 1 year high of C$48.31. The company has a market capitalization of C$4.38 billion, a price-to-earnings ratio of 40.85 and a beta of -0.97. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83.

MDA Space (TSE:MDA) last announced its quarterly earnings data on Friday, November 14th. The company reported C$0.35 earnings per share (EPS) for the quarter. The business had revenue of C$409.80 million for the quarter. MDA Space had a net margin of 7.22% and a return on equity of 6.17%. On average, 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 firm’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$27.17, for a total value of C$2,056,769.00. Following the transaction, the director owned 313,710 shares of the company’s stock, valued at approximately C$8,523,500.70. This trade represents a 19.44% decrease in their position. 12.60% of the stock is owned by insiders.

About MDA Space

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.