272,974 MDA Space Ltd. $MDA Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its position in shares of MDA Space Ltd. (NYSE:MDA) by 37.9% in the third quarter, Holdings Channel.com reports. The fund owned 992,507 shares of the company’s stock after buying an additional 272,974 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in MDA Space were worth $28,630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDA. Tacita Capital Inc raised its holdings in shares of MDA Space by 16,480.0% in the 2nd quarter. Tacita Capital Inc now owns 2,487 shares of the company’s stock worth $103,000 after purchasing an additional 2,472 shares during the period. Nykredit A S acquired a new position in shares of MDA Space in the 2nd quarter valued at about $124,000. Capstone Investment Advisors LLC purchased a new stake in shares of MDA Space during the 2nd quarter worth about $276,000. Envestnet Asset Management Inc. purchased a new stake in shares of MDA Space during the 2nd quarter worth about $317,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of MDA Space during the 2nd quarter worth about $388,000.

MDA Space Price Performance

MDA Space stock opened at $28.19 on Friday. MDA Space Ltd. has a 12-month low of $23.23 and a 12-month high of $49.37. The stock has a market cap of $4.57 billion and a P/E ratio of 52.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.75 and a quick ratio of 0.72. The business’s fifty day moving average price is $30.29.

MDA Space (NYSE:MDA) last announced its earnings results on Friday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. MDA Space had a return on equity of 9.42% and a net margin of 5.68%. The business had revenue of $360.18 million for the quarter, compared to analyst estimates of $321.87 million. Analysts forecast that MDA Space Ltd. will post 0.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MDA. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of MDA Space in a research report on Monday, June 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $60.00 price target on shares of MDA Space in a research report on Monday, August 17th. Weiss Ratings downgraded shares of MDA Space from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $41.00 price objective on shares of MDA Space in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of MDA Space from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $50.00.

MDA Space Company Profile

MDA Space is a Canadian space technology company that develops and delivers systems, products and services for government and commercial customers. Its capabilities span satellite communications, Earth observation, space robotics, geointelligence and space exploration.

The company designs and builds satellite systems and payloads, robotics and servicing technologies, and data and analytics solutions. Its historical work includes major contributions to the Canadarm, Canadarm2 and Dextre robotic systems used in space, as well as technologies supporting Earth-observation programs such as RADARSAT.

Headquartered in Brampton, Ontario, MDA Space serves customers in Canada and international markets.