MDA Space (TSE:MDA) Price Target Raised to C$53.00

MDA Space (TSE:MDA) had its price target upped by investment analysts at Desjardins from C$51.00 to C$53.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 20.95% from the stock’s previous close.

MDA has been the subject of a number of other research reports. Scotiabank lifted their target price on shares of MDA Space from C$38.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. BMO Capital Markets raised their price objective on shares of MDA Space from C$45.00 to C$50.00 in a research note on Thursday, March 5th. Stifel Nicolaus upped their target price on MDA Space from C$48.00 to C$57.00 in a research note on Thursday, March 5th. Morgan Stanley upgraded MDA Space from an “equal weight” rating to an “overweight” rating and increased their target price for the company from C$32.00 to C$46.00 in a report on Friday, January 16th. Finally, Canaccord Genuity Group boosted their price target on MDA Space from C$37.00 to C$51.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to MarketBeat, MDA Space currently has a consensus rating of “Buy” and an average price target of C$48.14.

MDA Space Stock Performance

Shares of MDA Space stock traded down C$1.31 on Friday, reaching C$43.82. 475,814 shares of the stock were exchanged, compared to its average volume of 1,032,406. The firm has a market capitalization of C$5.55 billion, a PE ratio of 52.17 and a beta of -1.20. MDA Space has a 1-year low of C$20.85 and a 1-year high of C$48.31. The business has a fifty day moving average price of C$38.21 and a two-hundred day moving average price of C$32.71. The company has a current ratio of 0.47, a quick ratio of 1.00 and a debt-to-equity ratio of 30.34.

MDA Space (TSE:MDA) last released its earnings results on Wednesday, March 4th. The company reported C$0.45 EPS for the quarter. The company had revenue of C$499.10 million during the quarter. MDA Space had a return on equity of 8.38% and a net margin of 6.64%. As a group, research analysts anticipate that MDA Space will post 0.9605084 earnings per share for the current fiscal year.

Insider Transactions at MDA Space

In other news, Director John Carter Risley sold 75,700 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of C$27.17, for a total value of C$2,056,769.00. Following the completion of the sale, the director owned 313,710 shares of the company’s stock, valued at C$8,523,500.70. This represents a 19.44% decrease in their ownership of the stock. 12.60% of the stock is currently owned by corporate insiders.

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.