MDA Space Ltd. (TSE:MDA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of MDA Space Ltd. (TSE:MDA) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$22.29.

MDA has been the subject of several analyst reports. Canaccord Genuity Group lifted their price objective on MDA Space from C$21.00 to C$27.00 in a report on Monday. Royal Bank of Canada boosted their price target on MDA Space from C$18.00 to C$20.00 in a research note on Friday, September 20th. Cormark increased their price objective on shares of MDA Space from C$19.00 to C$21.00 in a research note on Friday, August 9th. BMO Capital Markets raised shares of MDA Space from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$15.00 to C$28.00 in a report on Monday. Finally, Desjardins raised shares of MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th.

Insider Buying and Selling at MDA Space

In other news, Director Michael Philip Greenley sold 175,000 shares of the stock in a transaction dated Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total value of C$2,911,632.50. In other MDA Space news, Director John Carter Risley sold 22,500 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total value of C$347,017.50. Also, Director Michael Philip Greenley sold 175,000 shares of the business’s stock in a transaction dated Sunday, September 22nd. The stock was sold at an average price of C$16.64, for a total value of C$2,911,632.50. Insiders have sold a total of 199,220 shares of company stock worth $3,285,909 over the last 90 days. Insiders own 12.60% of the company’s stock.

MDA Space Stock Performance

TSE MDA opened at C$25.48 on Friday. The firm has a 50-day moving average price of C$19.03 and a two-hundred day moving average price of C$15.30. MDA Space has a 12-month low of C$10.65 and a 12-month high of C$25.95. The company has a market capitalization of C$3.06 billion, a P/E ratio of 67.05 and a beta of 0.02. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79.

MDA Space (TSE:MDA) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.10 by C$0.09. The business had revenue of C$242.00 million during the quarter, compared to analysts’ expectations of C$221.34 million. MDA Space had a return on equity of 4.47% and a net margin of 5.53%. Analysts anticipate that MDA Space will post 0.9605084 earnings per share for the current year.

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.