MDA Space (TSE:MDA) Given New C$75.00 Price Target at Stifel Nicolaus

MDA Space (TSE:MDA) had its price objective boosted by investment analysts at Stifel Nicolaus from C$70.00 to C$75.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 32.86% from the stock’s current price.

Several other analysts have also weighed in on MDA. Morgan Stanley lifted their target price on shares of MDA Space from C$51.00 to C$58.00 in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce set a C$57.00 target price on MDA Space and gave the stock an “outperformer” rating in a report on Thursday, May 14th. Scotiabank raised shares of MDA Space to a “strong-buy” rating in a report on Thursday, March 19th. ATB Cormark Capital Markets downgraded MDA Space from a “moderate buy” rating to a “hold” rating and boosted their target price for the stock from C$53.00 to C$67.00 in a report on Friday, May 29th. Finally, Desjardins upped their target price on shares of MDA Space from C$66.00 to C$70.00 and gave the stock a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, MDA Space presently has a consensus rating of “Buy” and a consensus target price of C$63.40.

MDA Space Stock Performance

Shares of MDA Space stock traded down C$2.66 during midday trading on Monday, hitting C$56.45. The company had a trading volume of 723,585 shares, compared to its average volume of 1,187,821. The business’s 50 day simple moving average is C$51.42 and its two-hundred day simple moving average is C$40.49. The stock has a market cap of C$7.83 billion, a PE ratio of 70.56 and a beta of -0.53. The company has a debt-to-equity ratio of 20.62, a current ratio of 0.80 and a quick ratio of 1.00. MDA Space has a 1-year low of C$20.85 and a 1-year high of C$67.90.

MDA Space (TSE:MDA) last released its earnings results on Thursday, May 7th. The company reported C$0.38 EPS for the quarter. MDA Space had a net margin of 6.02% and a return on equity of 7.24%. The firm had revenue of C$464.10 million during the quarter. As a group, equities analysts predict that MDA Space will post 0.9605084 EPS for the current fiscal year.

Insider Activity at MDA Space

In related news, insider Holly Lynn Johnson sold 45,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of C$52.79, for a total transaction of C$2,375,550.00. Following the sale, the insider directly owned 60,331 shares in the company, valued at C$3,184,873.49. This trade represents a 42.72% decrease in their ownership of the stock. Also, insider Guillaume Lavoie sold 1,500 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of C$52.63, for a total transaction of C$78,945.00. Following the completion of the transaction, the insider directly owned 6,257 shares of the company’s stock, valued at approximately C$329,305.91. The trade was a 19.34% decrease in their ownership of the stock. Insiders have sold 119,269 shares of company stock worth $6,318,903 over the last ninety days. 12.60% of the stock is owned by corporate insiders.

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.