MDA Space (TSE:MDA) Price Target Raised to C$51.00

MDA Space (TSE:MDA) had its price objective increased by Canaccord Genuity Group from C$37.00 to C$51.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently commented on MDA. Morgan Stanley upgraded shares of MDA Space from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from C$32.00 to C$46.00 in a research note on Friday, January 16th. Royal Bank Of Canada decreased their price target on MDA Space from C$45.00 to C$38.00 in a research note on Monday, November 17th. BMO Capital Markets increased their price objective on MDA Space from C$36.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Wednesday. Scotiabank lifted their price objective on MDA Space from C$38.00 to C$42.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Finally, Stifel Nicolaus set a C$48.00 target price on shares of MDA Space and gave the company a “buy” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$44.71.

MDA Space Stock Down 2.0%

MDA opened at C$38.43 on Thursday. The company has a market capitalization of C$4.85 billion, a P/E ratio of 45.21 and a beta of -1.15. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00. The firm’s fifty day moving average price is C$28.78 and its two-hundred day moving average price is C$33.52. MDA Space has a fifty-two week low of C$20.11 and a fifty-two week high of C$48.31.

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

Insider Buying and Selling at MDA Space

In related news, Director John Carter Risley sold 75,700 shares of MDA Space 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 transaction, the director directly owned 313,710 shares of the company’s stock, valued at C$8,523,500.70. The trade was a 19.44% decrease in their ownership of the stock. 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.