MDA Space (TSE:MDA) PT Raised to C$21.00 at Canaccord Genuity Group

MDA Space (TSE:MDA) had its price objective boosted by equities researchers at Canaccord Genuity Group from C$18.00 to C$21.00 in a report released on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 9.32% from the stock’s current price.

A number of other brokerages also recently weighed in on MDA. Cormark boosted their target price on shares of MDA Space from C$19.00 to C$21.00 in a report on Friday, August 9th. Scotiabank lifted their price objective on shares of 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. Finally, Royal Bank of Canada lifted their price objective on shares of MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$18.63.

MDA Space Price Performance

Shares of MDA opened at C$19.21 on Thursday. The company has a market cap of C$2.31 billion, a price-to-earnings ratio of 50.55 and a beta of -0.02. MDA Space has a 1-year low of C$10.65 and a 1-year high of C$19.30. The company’s fifty day simple moving average is C$15.32 and its 200 day simple moving average is C$14.08. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79.

MDA Space (TSE:MDA) last issued its earnings results on Thursday, August 8th. The company reported C$0.19 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.09. The business had revenue of C$242.00 million for the quarter, compared to the consensus estimate of C$221.34 million. MDA Space had a net margin of 5.53% and a return on equity of 4.47%. On average, research analysts forecast that MDA Space will post 0.9757646 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Carter Risley sold 22,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of C$15.42, for a total value of C$347,017.50. In other 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 value of C$2,911,632.50. Also, Director John Carter Risley sold 22,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of C$15.42, for a total transaction of C$347,017.50. Insiders sold a total of 197,800 shares of company stock valued at $3,263,189 over the last ninety days. 12.61% of the stock is currently owned by company 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.