Brokerages Set MDA Space Ltd. (TSE:MDA) Target Price at C$18.63

MDA Space Ltd. (TSE:MDA - Get Free Report) has been given a consensus rating of "Moderate Buy" by the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$19.13.

Several analysts recently commented on the stock. Royal Bank of Canada raised their price target on shares of MDA Space from C$18.00 to C$20.00 in a report on Friday, September 20th. Desjardins raised shares of MDA Space to a "moderate buy" rating in a research note on Wednesday. Scotiabank boosted their price target on shares of MDA Space from C$22.00 to C$25.00 and gave the company an "outperform" rating in a report on Friday. Cormark increased their price objective on MDA Space from C$19.00 to C$21.00 in a report on Friday, August 9th. Finally, Canaccord Genuity Group lifted their price objective on MDA Space from C$18.00 to C$21.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd.

MDA Space Trading Up 10.4 %

Shares of TSE MDA traded up C$2.21 during mid-day trading on Friday, hitting C$23.51. 615,950 shares of the company traded hands, compared to its average volume of 250,456. 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 has a 1 year low of C$10.65 and a 1 year high of C$23.92. The stock has a market capitalization of C$2.82 billion, a price-to-earnings ratio of 61.87 and a beta of 0.02. The business has a 50 day moving average of C$18.11 and a two-hundred day moving average of C$14.94.

MDA Space (TSE:MDA - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.10 by C$0.09. MDA Space had a net margin of 5.53% and a return on equity of 4.47%. The business had revenue of C$242.00 million for the quarter, compared to analyst estimates of C$221.34 million. 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 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 Karl W. Smith acquired 3,244 shares of MDA Space stock in a transaction dated Wednesday, August 14th. The stock was bought at an average cost of C$14.83 per share, with a total value of C$48,120.20. Also, Director Michael Philip Greenley sold 175,000 shares of the company's stock in a transaction dated Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. Insiders sold a total of 199,220 shares of company stock worth $3,285,909 in the last ninety days. 12.60% of the stock is currently owned by insiders.

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.