MDA Space (TSE:MDA) Sets New 1-Year High – What’s Next?

MDA Space Ltd. (TSE:MDA) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$21.75 and last traded at C$21.74, with a volume of 8155 shares trading hands. The stock had previously closed at C$21.56.

Analysts Set New Price Targets

MDA has been the topic of a number of research analyst reports. Canaccord Genuity Group boosted their price objective 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. Scotiabank boosted their price target on shares of MDA Space from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Royal Bank of Canada raised their price objective on shares of MDA Space from C$18.00 to C$20.00 in a report on Friday, September 20th. Finally, Cormark upped their target price on MDA Space from C$19.00 to C$21.00 in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$18.63.

MDA Space Price Performance

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 company has a market cap of C$2.60 billion, a PE ratio of 56.74 and a beta of 0.02. The firm has a 50 day moving average of C$16.94 and a two-hundred day moving average of C$14.53.

MDA Space (TSE:MDA) last released its earnings results on Thursday, August 8th. The company reported C$0.19 EPS for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.09. MDA Space had a return on equity of 4.47% and a net margin of 5.53%. The firm had revenue of C$242.00 million for the quarter, compared to analysts’ expectations of C$221.34 million. Research analysts predict that MDA Space Ltd. will post 0.9605084 earnings per share for the current fiscal year.

Insider Transactions at MDA Space

In related news, Director Michael Philip Greenley sold 175,000 shares of MDA Space stock in a transaction dated 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 other MDA Space news, Director Michael Philip Greenley sold 175,000 shares of the company’s stock in a transaction dated 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. Also, Director Karl W. Smith acquired 3,244 shares of the stock in a transaction dated Wednesday, August 14th. The shares were bought at an average cost of C$14.83 per share, for a total transaction of C$48,120.20. Insiders sold 199,220 shares of company stock worth $3,285,909 over the last quarter. 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.