Royal Bank of Canada Raises MDA Space (TSE:MDA) Price Target to C$20.00

MDA Space (TSE:MDA) had its price objective increased by analysts at Royal Bank of Canada from C$18.00 to C$20.00 in a report released on Friday, BayStreet.CA reports. Royal Bank of Canada’s price objective would suggest a potential upside of 19.62% from the company’s previous close.

MDA has been the subject of several other research reports. Scotiabank raised 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 note on Friday, August 16th. Cormark lifted their price target on MDA Space from C$19.00 to C$21.00 in a research note on Friday, August 9th.

MDA Space Stock Performance

TSE MDA traded up C$0.28 during trading hours on Friday, hitting C$16.72. The company had a trading volume of 65,268 shares, compared to its average volume of 244,983. The business has a 50 day moving average of C$14.38 and a 200-day moving average of C$13.87. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. MDA Space has a 1-year low of C$10.65 and a 1-year high of C$16.87. The company has a market cap of C$2.01 billion, a PE ratio of 43.92 and a beta of -0.02.

MDA Space (TSE:MDA) last posted 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 business 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, equities research analysts expect that MDA Space will post 0.9875297 EPS for the current year.

Insiders Place Their Bets

In related news, Director Karl W. Smith acquired 3,244 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of C$14.83 per share, with a total value of C$48,120.20. In related news, Director Karl W. Smith purchased 3,244 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of C$14.83 per share, for a total transaction of C$48,120.20. Also, Director John Carter Risley sold 22,500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total value of C$347,017.50. Corporate insiders own 12.61% of the company’s stock.

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.