Cormark Has Strong Estimate for MDA Space FY2024 Earnings

MDA Space Ltd. (TSE:MDA - Free Report) - Stock analysts at Cormark raised their FY2024 earnings per share estimates for shares of MDA Space in a research note issued to investors on Monday, November 18th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of $0.93 per share for the year, up from their prior forecast of $0.91. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share. Cormark also issued estimates for MDA Space's FY2026 earnings at $1.24 EPS.

A number of other research analysts also recently weighed in on the company. Ci Capital upped their target price on MDA Space from C$15.00 to C$26.00 in a report on Monday. Royal Bank of Canada upped their price objective on MDA Space from C$28.00 to C$30.00 in a research report on Wednesday. BMO Capital Markets raised MDA Space from a "market perform" rating to an "outperform" rating and upped their price objective for the company from C$15.00 to C$28.00 in a research report on Monday, November 4th. Desjardins raised MDA Space to a "moderate buy" rating in a research report on Wednesday, October 30th. Finally, Scotiabank increased their price target on MDA Space from C$22.00 to C$25.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$27.83.

MDA Space Stock Down 0.3 %

Shares of MDA stock traded down C$0.08 during midday trading on Thursday, reaching C$26.46. 500,654 shares of the stock were exchanged, compared to its average volume of 264,625. MDA Space has a 1 year low of C$10.65 and a 1 year high of C$27.47. The company's 50 day moving average is C$20.47 and its two-hundred day moving average is C$15.84. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79. The firm has a market cap of C$3.18 billion, a PE ratio of 69.84 and a beta of 0.02.

Insider Activity at MDA Space

In other MDA Space news, Director Michael Philip Greenley sold 175,000 shares of the firm's 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. Also, Director John Carter Risley sold 22,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total transaction of C$347,017.50. In the last quarter, insiders sold 198,920 shares of company stock valued at $3,281,370. Insiders own 12.60% of the company's stock.

MDA Space Company Profile

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.