MDA Space (TSE:MDA) Upgraded by Desjardins to Moderate Buy Rating

MDA Space (TSE:MDA - Get Free Report) was upgraded by investment analysts at Desjardins to a "moderate buy" rating in a report issued on Wednesday, Zacks.com reports.

Several other research firms have also commented on MDA. Royal Bank of Canada increased their price target on shares of MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Canaccord Genuity Group increased their target price on shares of 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. Cormark lifted their price target on shares of MDA Space from C$19.00 to C$21.00 in a report on Friday, August 9th. Finally, Scotiabank upped their price target on MDA Space from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$19.13.

MDA Space Stock Up 10.4 %

Shares of MDA stock traded up C$2.21 during mid-day trading on Wednesday, hitting C$23.51. The stock had a trading volume of 616,306 shares, compared to its average volume of 250,456. The firm has a market capitalization of C$2.82 billion, a P/E ratio of 60.82 and a beta of 0.02. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00. MDA Space has a 12-month low of C$10.65 and a 12-month high of C$23.92. The firm's 50-day moving average is C$18.11 and its two-hundred day moving average is C$14.94.

MDA Space (TSE:MDA - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.19 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 analyst estimates of C$221.34 million. MDA Space had a net margin of 5.53% and a return on equity of 4.47%. On average, analysts predict that MDA Space will post 0.9605084 earnings per share for the current fiscal year.

Insider Activity at MDA Space

In other news, Director Michael Philip Greenley sold 175,000 shares of the stock in a transaction that occurred on Sunday, September 22nd. The stock was sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. In other MDA Space news, Director Michael Philip Greenley sold 175,000 shares of the stock in a transaction that occurred on Sunday, September 22nd. The stock was sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. Also, Director John Carter Risley sold 22,500 shares of MDA Space 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 value of C$347,017.50. Insiders sold a total of 199,220 shares of company stock worth $3,285,909 in the last three months. Company 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.