Scotiabank Brokers Increase Earnings Estimates for MDA Space

MDA Space Ltd. (TSE:MDA) – Research analysts at Scotiabank boosted their FY2027 earnings per share estimates for shares of MDA Space in a research note issued on Wednesday, August 19th. Scotiabank analyst K. Gupta now forecasts that the company will post earnings of $1.73 per share for the year, up from their previous estimate of $1.65. Scotiabank has a “Sector Outperform” rating and a $71.00 price target on the stock. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share.

Several other equities research analysts also recently issued reports on MDA. Stifel Nicolaus lifted their price target on shares of MDA Space from C$70.00 to C$75.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Canaccord Genuity Group decreased their price objective on shares of MDA Space from C$65.00 to C$64.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Morgan Stanley raised their target price on MDA Space from C$51.00 to C$58.00 in a research note on Friday, May 8th. BMO Capital Markets boosted their price target on 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. Finally, Jefferies Financial Group upgraded MDA Space to a “strong-buy” rating in a research note on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$64.50.

MDA Space Trading Down 3.7%

MDA opened at C$43.07 on Friday. The firm’s 50 day moving average is C$49.26 and its 200-day moving average is C$46.39. MDA Space has a 52-week low of C$20.85 and a 52-week high of C$67.90. The company has a quick ratio of 1.00, a current ratio of 0.75 and a debt-to-equity ratio of 20.01. The firm has a market capitalization of C$6.98 billion, a P/E ratio of 54.52 and a beta of -0.37.

Insider Buying and Selling at MDA Space

In related news, insider Holly Lynn Johnson sold 45,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 60,331 shares of the company’s stock, valued at C$3,184,873.49. This represents a 42.72% decrease in their position. Also, insider Luigi Pozzebon sold 31,686 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of C$52.90, for a total transaction of C$1,676,189.40. Over the last 90 days, insiders sold 119,269 shares of company stock valued at $6,318,903. Corporate insiders own 12.60% of the company’s stock.

MDA Space Company Profile

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.