MDA Space (TSE:MDA) Given New C$25.00 Price Target at Scotiabank

MDA Space (TSE:MDA) had its price target increased by Scotiabank from C$22.00 to C$25.00 in a research report report published on Friday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada boosted their price objective on shares of MDA Space from C$18.00 to C$20.00 in a report on Friday, September 20th. Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a report on Wednesday. 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 report on Thursday, October 3rd. Finally, Cormark boosted their price objective on shares of MDA Space from C$19.00 to C$21.00 in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$19.13.

MDA Space Trading Up 10.4 %

Shares of TSE MDA traded up C$2.21 during mid-day trading on Friday, hitting C$23.51. The company’s stock had a trading volume of 615,950 shares, compared to its average volume of 250,456. The stock has a market cap of C$2.82 billion, a price-to-earnings ratio of 61.87 and a beta of 0.02. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00. MDA Space has a one year low of C$10.65 and a one year high of C$23.92. The company’s fifty day simple moving average is C$18.28 and its 200-day simple moving average is C$15.00.

MDA Space (TSE:MDA) last issued its earnings results on Thursday, August 8th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.10 by C$0.09. The company had revenue of C$242.00 million for 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, sell-side analysts anticipate that MDA Space will post 0.9605084 earnings per share for the current fiscal year.

Insider Buying and Selling at MDA Space

In other MDA Space news, Director Karl W. Smith acquired 3,244 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of C$14.83 per share, with a total value of C$48,120.20. In other news, Director Karl W. Smith purchased 3,244 shares of the company’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 Michael Philip Greenley sold 175,000 shares of the company’s stock in a transaction on 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. Over the last quarter, insiders have sold 199,220 shares of company stock valued at $3,285,909. 12.60% of the stock is currently owned by corporate 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.