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

MDA Space Ltd. (TSE:MDA) has been given an average rating of “Buy” by the seven analysts that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$45.43.

A number of research firms recently commented on MDA. Morgan Stanley raised MDA Space from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from C$32.00 to C$46.00 in a report on Friday, January 16th. Desjardins boosted their target price on shares of MDA Space from C$39.00 to C$48.00 and gave the stock a “buy” rating in a report on Friday, February 6th. BMO Capital Markets upped their target price on shares of MDA Space from C$36.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Canaccord Genuity Group lifted their price target on shares of MDA Space from C$37.00 to C$51.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Scotiabank boosted their price target on shares of MDA Space from C$38.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st.

MDA Space Trading Up 2.0%

Shares of MDA Space stock opened at C$39.00 on Friday. MDA Space has a fifty-two week low of C$20.22 and a fifty-two week high of C$48.31. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83. The company has a market capitalization of C$4.92 billion, a P/E ratio of 45.88 and a beta of -0.97. The company has a fifty day moving average of C$32.16 and a 200 day moving average of C$33.08.

MDA Space (TSE:MDA) last posted its quarterly earnings results on Friday, November 14th. The company reported C$0.35 EPS for the quarter. The business had revenue of C$409.80 million for the quarter. MDA Space had a return on equity of 6.17% and a net margin of 7.22%. On average, sell-side analysts anticipate that MDA Space will post 0.9605084 earnings per share for the current fiscal year.

Insider Activity at MDA Space

In related news, Director John Carter Risley sold 75,700 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of C$27.17, for a total transaction of C$2,056,769.00. Following the completion of the transaction, the director directly owned 313,710 shares of the company’s stock, valued at approximately C$8,523,500.70. This represents a 19.44% decrease in their ownership of the stock. Corporate insiders own 12.60% of the company’s stock.

About MDA Space

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics.