MDA Space (TSE:MDA) Upgraded to "Outperform" at BMO Capital Markets

BMO Capital Markets upgraded shares of MDA Space (TSE:MDA - Free Report) from a market perform rating to an outperform rating in a report released on Monday, BayStreet.CA reports. They currently have C$28.00 price target on the stock, up from their prior price target of C$15.00.

Several other analysts also recently commented on MDA. Desjardins upgraded MDA Space to a "moderate buy" rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their price objective on MDA Space from C$18.00 to C$20.00 in a research note on Friday, September 20th. Cormark upped their target price on MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th. Canaccord Genuity Group lifted their price target on shares of MDA Space from C$21.00 to C$27.00 in a research report on Monday. Finally, 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 research note on Friday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, MDA Space currently has an average rating of "Moderate Buy" and an average price target of C$22.29.

MDA Space Trading Up 2.9 %

MDA stock traded up C$0.69 during mid-day trading on Monday, reaching C$24.20. The company's stock had a trading volume of 496,095 shares, compared to its average volume of 251,609. MDA Space has a 12 month low of C$10.65 and a 12 month high of C$24.76. 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 business's 50 day moving average price is C$18.28 and its 200 day moving average price is C$15.00. The company has a market cap of C$2.91 billion, a price-to-earnings ratio of 63.68 and a beta of 0.02.

MDA Space (TSE:MDA - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.10 by C$0.09. The company 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, equities research analysts predict that MDA Space will post 0.9605084 EPS for the current year.

Insider Activity at MDA Space

In related news, Director Michael Philip Greenley sold 175,000 shares of the business'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. In other news, Director John Carter Risley sold 22,500 shares of the firm's stock in a transaction 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. Also, Director Michael Philip Greenley sold 175,000 shares of MDA Space stock in a transaction on Sunday, September 22nd. The stock was sold at an average price of C$16.64, for a total value of C$2,911,632.50. In the last three months, insiders sold 199,220 shares of company stock valued at $3,285,909. 12.60% of the stock is owned by insiders.

About MDA Space

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.