MDA Space (MDA) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of MDA Space (TSE: MDA) in the last few weeks:

• 11/4/2024 – MDA Space was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a C$28.00 price target on the stock, up previously from C$15.00.
• 11/4/2024 – MDA Space had its price target raised by analysts at Canaccord Genuity Group Inc. from C$21.00 to C$27.00.
• 11/1/2024 – MDA Space had its price target raised by analysts at Scotiabank from C$22.00 to C$25.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – MDA Space was upgraded by analysts at Desjardins to a “moderate buy” rating.
• 10/3/2024 – MDA Space had its price target raised by analysts at Canaccord Genuity Group Inc. from C$18.00 to C$21.00. They now have a “buy” rating on the stock.
• 9/20/2024 – MDA Space had its price target raised by analysts at Royal Bank of Canada from C$18.00 to C$20.00.

MDA Space Stock Performance

Shares of MDA stock traded up C$0.19 during trading hours on Thursday, hitting C$25.48. 328,011 shares of the company were exchanged, compared to its average volume of 253,281. 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 stock has a market capitalization of C$3.06 billion, a price-to-earnings ratio of 67.05 and a beta of 0.02. The firm has a fifty day simple moving average of C$19.03 and a 200 day simple moving average of C$15.30. MDA Space Ltd. has a 52-week low of C$10.65 and a 52-week high of C$25.95.

MDA Space (TSE:MDA) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.19 EPS for the quarter, beating the consensus estimate 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%. Research analysts predict that MDA Space Ltd. will post 0.9605084 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MDA Space news, Director Michael Philip Greenley sold 175,000 shares of the firm’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. In other news, Director John Carter Risley sold 22,500 shares of MDA Space stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total transaction of C$347,017.50. Also, Director Michael Philip Greenley sold 175,000 shares of the company’s stock in a transaction that occurred on Sunday, September 22nd. The stock was sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. Insiders have sold a total of 199,220 shares of company stock worth $3,285,909 over the last 90 days. Corporate insiders own 12.60% of the company’s stock.

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.