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

Shares of MDA Space Ltd. (TSE:MDA) have received a consensus rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$45.43.

MDA has been the subject of a number of analyst reports. Scotiabank increased their price target on shares of MDA Space from C$38.00 to C$42.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Royal Bank Of Canada lowered their price objective on MDA Space from C$45.00 to C$38.00 in a research note on Monday, November 17th. BMO Capital Markets lifted their target price on MDA Space from C$36.00 to C$45.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Canaccord Genuity Group boosted their target price on MDA Space from C$37.00 to C$51.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, Morgan Stanley upgraded MDA Space from an “equal weight” rating to an “overweight” rating and increased their price target for the company from C$32.00 to C$46.00 in a report on Friday, January 16th.

MDA Space Price Performance

MDA Space stock opened at C$39.00 on Friday. MDA Space has a 52-week low of C$20.22 and a 52-week high of C$48.31. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. The firm’s fifty day moving average is C$32.16 and its 200 day moving average is C$33.08. The company has a market cap of C$4.92 billion, a price-to-earnings ratio of 45.88 and a beta of -0.97.

MDA Space (TSE:MDA) last issued its quarterly earnings data on Friday, November 14th. The company reported C$0.35 EPS for the quarter. The business had revenue of C$409.80 million during the quarter. MDA Space had a net margin of 7.22% and a return on equity of 6.17%. Sell-side analysts forecast that MDA Space will post 0.9605084 EPS for the current fiscal year.

Insider Activity

In related news, Director John Carter Risley sold 75,700 shares of MDA Space stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of C$27.17, for a total transaction of C$2,056,769.00. Following the completion of the transaction, the director directly owned 313,710 shares of the company’s stock, valued at approximately C$8,523,500.70. The trade was a 19.44% decrease in their position. Company insiders own 12.60% of the company’s stock.

MDA Space Company Profile

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.