Shares of MDA Space Ltd. (TSE:MDA – Get Free Report) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$18.63.
MDA has been the subject of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of MDA Space from C$18.00 to C$20.00 in a research note on Friday, September 20th. Scotiabank increased their price objective on MDA Space from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Cormark boosted their target price on MDA Space from C$19.00 to C$21.00 in a research note on Friday, August 9th. Desjardins raised MDA Space to a “moderate buy” rating in a research note on Wednesday. Finally, Canaccord Genuity Group lifted their price target 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.
Insider Buying and Selling
MDA Space Trading Up 1.4 %
TSE MDA opened at C$21.30 on Friday. The firm has a market cap of C$2.56 billion, a PE ratio of 56.05 and a beta of 0.02. MDA Space has a 1-year low of C$10.65 and a 1-year high of C$21.86. The stock has a 50-day moving average of C$18.11 and a 200-day moving average of C$14.94. 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 – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.10 by C$0.09. The firm had revenue of C$242.00 million during the quarter, compared to the consensus estimate of C$221.34 million. MDA Space had a return on equity of 4.47% and a net margin of 5.53%. As a group, sell-side analysts forecast that MDA Space will post 0.9605084 EPS for the current year.
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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