What is Cormark's Forecast for MDA Space FY2024 Earnings?

MDA Space Ltd. (TSE:MDA - Free Report) - Research analysts at Cormark raised their FY2024 EPS estimates for MDA Space in a report issued on Thursday, January 30th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of $0.93 per share for the year, up from their previous estimate of $0.92. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share.

Several other research firms also recently weighed in on MDA. Citigroup boosted their price target on shares of MDA Space from C$26.00 to C$30.00 in a research note on Thursday, January 30th. BMO Capital Markets raised MDA Space from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from C$15.00 to C$28.00 in a research note on Monday, November 4th. Scotiabank lifted their target price on shares of MDA Space from C$29.00 to C$33.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Canaccord Genuity Group raised their target price on MDA Space from C$30.00 to C$34.00 in a research note on Friday, December 13th. Finally, Ci Capital upped their price target on MDA Space from C$15.00 to C$26.00 in a research report on Monday, November 18th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$31.29.

MDA Space Price Performance

TSE:MDA traded up C$0.71 during mid-day trading on Monday, reaching C$22.33. The stock had a trading volume of 580,341 shares, compared to its average volume of 535,749. MDA Space has a one year low of C$11.36 and a one year high of C$30.00. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a 50 day moving average price of C$27.67 and a two-hundred day moving average price of C$21.48. The stock has a market capitalization of C$2.68 billion, a P/E ratio of 58.76 and a beta of 0.02.

Insider Activity at MDA Space

In other MDA Space news, Director Yung Cheng Wu purchased 3,800 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average cost of C$28.49 per share, with a total value of C$108,262.00. Also, Director Michael Philip Greenley sold 9,700 shares of MDA Space stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$28.60, for a total transaction of C$277,420.00. Insiders have sold 361,300 shares of company stock worth $10,285,710 over the last ninety days. 12.60% of the stock is owned by corporate 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.