MDA Space (TSE:MDA – Get Free Report) had its target price boosted by equities research analysts at Royal Bank of Canada from C$18.00 to C$20.00 in a report issued on Friday, BayStreet.CA reports. Royal Bank of Canada’s price objective points to a potential upside of 18.91% from the company’s previous close.
A number of other brokerages have also issued reports on MDA. Scotiabank boosted their target price 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. Cormark upped their price objective on shares of MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th.
Get Our Latest Report on MDA Space
MDA Space Trading Up 2.3 %
MDA Space (TSE:MDA – Get Free Report) last released 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 firm 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%. Equities analysts predict that MDA Space will post 0.9875297 EPS for the current year.
Insider Activity at MDA Space
In other news, Director John Carter Risley sold 22,500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total value of C$347,017.50. In other news, Director Karl W. Smith bought 3,244 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were purchased at an average cost of C$14.83 per share, with a total value of C$48,120.20. Also, Director John Carter Risley sold 22,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total value of C$347,017.50. 12.61% of the stock is currently 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.
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