MDA Space (TSE:MDA) Given a C$16.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a C$16.00 target price on MDA Space (TSE:MDA) in a research report sent to investors on Monday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts have also commented on the company. BMO Capital Markets lifted their price objective on MDA Space from C$13.00 to C$15.00 and gave the stock a market perform rating in a research report on Thursday, February 29th. Scotiabank boosted their target price on MDA Space from C$17.00 to C$18.50 and gave the stock an outperform rating in a research report on Wednesday, April 10th.

MDA Space Stock Up 13.5 %

Shares of TSE MDA opened at C$13.64 on Monday. MDA Space has a 52-week low of C$7.72 and a 52-week high of C$15.45. The stock has a market cap of C$1.63 billion, a PE ratio of 35.89 and a beta of 0.14. The company has a debt-to-equity ratio of 52.23, a quick ratio of 1.00 and a current ratio of 1.29. The business has a fifty day moving average of C$13.02 and a two-hundred day moving average of C$12.97.

MDA Space (TSE:MDA) last announced its earnings results on Thursday, May 9th. The company reported C$0.15 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.01. MDA Space had a return on equity of 4.41% and a net margin of 5.71%. The company had revenue of C$209.10 million during the quarter, compared to analyst estimates of C$210.35 million. As a group, equities research analysts expect that MDA Space will post 0.5601118 earnings per share for the current fiscal year.

MDA Space Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 22nd were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.29%. The ex-dividend date was Tuesday, April 30th. MDA Space’s payout ratio is 389.47%.

Insider Transactions at MDA Space

In other MDA Space news, Director Brendan Paddick bought 85,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were acquired at an average cost of C$11.96 per share, with a total value of C$1,016,600.00. Company insiders own 12.63% of the company’s stock.

About MDA Space

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.