MDA Space Ltd. (TSE:MDA) Receives C$63.40 Average PT from Analysts

MDA Space Ltd. (TSE:MDA) has received an average rating of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$63.40.

Several research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of MDA Space from C$70.00 to C$75.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Scotiabank boosted their price objective on shares of MDA Space from C$70.00 to C$71.00 and gave the company a “sector outperform” rating in a research report on Monday, June 22nd. BMO Capital Markets upped their target price on shares of MDA Space from C$53.00 to C$68.00 and gave the stock an “outperform” rating in a research note on Monday, June 22nd. ATB Cormark Capital Markets lowered their target price on MDA Space from C$67.00 to C$62.00 and set a “sector perform” rating for the company in a report on Monday, June 22nd. Finally, Desjardins lifted their price target on MDA Space from C$66.00 to C$70.00 and gave the company a “buy” rating in a research note on Monday, June 22nd.

Insider Transactions at MDA Space

In other MDA Space news, insider Guillaume Lavoie sold 688 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of C$55.62, for a total transaction of C$38,266.56. Following the completion of the transaction, the insider owned 5,569 shares of the company’s stock, valued at C$309,747.78. This represents a 11.00% decrease in their position. Also, insider Holly Lynn Johnson sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of C$52.79, for a total transaction of C$2,375,550.00. Following the transaction, the insider directly owned 60,331 shares of the company’s stock, valued at C$3,184,873.49. This represents a 42.72% decrease in their ownership of the stock. Insiders sold a total of 119,269 shares of company stock worth $6,318,903 in the last 90 days. 12.60% of the stock is owned by corporate insiders.

MDA Space Stock Performance

TSE:MDA opened at C$58.60 on Thursday. MDA Space has a fifty-two week low of C$20.85 and a fifty-two week high of C$67.90. The company has a debt-to-equity ratio of 20.62, a current ratio of 0.80 and a quick ratio of 1.00. The stock has a market capitalization of C$8.13 billion, a PE ratio of 73.85 and a beta of -0.53. The business’s 50-day simple moving average is C$52.88 and its 200-day simple moving average is C$42.18.

MDA Space (TSE:MDA) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 earnings per share (EPS) for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%.The business had revenue of C$464.10 million during the quarter. Sell-side analysts expect that MDA Space will post 0.9605084 earnings per share for the current fiscal year.

About MDA Space

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.