MDA Space Ltd. $MDA Stock Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its position in MDA Space Ltd. (NYSE:MDA) by 37.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 992,507 shares of the company’s stock after acquiring an additional 272,974 shares during the period. TD Waterhouse Canada Inc. owned about 0.61% of MDA Space worth $28,630,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MDA. Triasima Portfolio Management inc. lifted its stake in shares of MDA Space by 2.7% during the 3rd quarter. Triasima Portfolio Management inc. now owns 198,062 shares of the company’s stock worth $5,880,000 after purchasing an additional 5,143 shares during the period. Montrusco Bolton Investments Inc. acquired a new stake in shares of MDA Space during the third quarter worth $12,052,000. Envestnet Asset Management Inc. purchased a new stake in shares of MDA Space in the second quarter valued at $317,000. The Manufacturers Life Insurance Company purchased a new stake in shares of MDA Space in the second quarter valued at $5,114,000. Finally, Tidal Investments LLC purchased a new stake in shares of MDA Space in the second quarter valued at $53,428,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MDA shares. Weiss Ratings lowered MDA Space from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $41.00 price target on shares of MDA Space in a research note on Monday, August 10th. JPMorgan Chase & Co. raised their price target on MDA Space from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. National Bank Financial assumed coverage on MDA Space in a report on Monday, September 14th. They issued an “outperform” rating for the company. Finally, Scotiabank restated an “outperform” rating on shares of MDA Space in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, MDA Space presently has a consensus rating of “Moderate Buy” and an average price target of $50.00.

MDA Space Stock Performance

Shares of MDA stock opened at $28.19 on Friday. MDA Space Ltd. has a one year low of $23.23 and a one year high of $49.37. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average is $30.29. The firm has a market capitalization of $4.57 billion and a price-to-earnings ratio of 52.20.

MDA Space (NYSE:MDA) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $360.18 million for the quarter, compared to the consensus estimate of $321.87 million. MDA Space had a net margin of 5.68% and a return on equity of 9.42%. As a group, equities analysts forecast that MDA Space Ltd. will post 0.96 EPS for the current fiscal year.

MDA Space Company Profile

MDA Space is a Canadian space technology company that develops and delivers systems, products and services for government and commercial customers. Its capabilities span satellite communications, Earth observation, space robotics, geointelligence and space exploration.

The company designs and builds satellite systems and payloads, robotics and servicing technologies, and data and analytics solutions. Its historical work includes major contributions to the Canadarm, Canadarm2 and Dextre robotic systems used in space, as well as technologies supporting Earth-observation programs such as RADARSAT.

Headquartered in Brampton, Ontario, MDA Space serves customers in Canada and international markets.