MDA Space (TSE:MDA) Upgraded at Desjardins

Desjardins upgraded shares of MDA Space (TSE:MDA) to a moderate buy rating in a research note published on Wednesday, Zacks.com reports.

Several other analysts also recently commented on the stock. Cormark raised their price objective on shares of MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th. Scotiabank lifted their price target on shares of MDA Space from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. 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 research report on Thursday, October 3rd. Finally, Royal Bank of Canada lifted their price target on shares of MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$19.13.

MDA Space Stock Up 10.4 %

MDA Space stock opened at C$23.51 on Wednesday. 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 52-week low of C$10.65 and a 52-week high of C$23.92. The firm has a 50 day moving average price of C$18.28 and a two-hundred day moving average price of C$15.00. The firm has a market cap of C$2.82 billion, a price-to-earnings ratio of 61.87 and a beta of 0.02.

MDA Space (TSE:MDA) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.10 by C$0.09. MDA Space had a net margin of 5.53% and a return on equity of 4.47%. The firm had revenue of C$242.00 million during the quarter, compared to analyst estimates of C$221.34 million. Equities analysts predict that MDA Space will post 0.9605084 EPS for the current year.

Insider Activity at MDA Space

In other news, Director Karl W. Smith acquired 3,244 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of C$14.83 per share, for a total transaction of C$48,120.20. In other news, Director Karl W. Smith acquired 3,244 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of C$14.83 per share, for a total transaction of C$48,120.20. Also, Director Michael Philip Greenley sold 175,000 shares of the company’s stock in a transaction dated Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total value of C$2,911,632.50. In the last three months, insiders have sold 199,220 shares of company stock worth $3,285,909. Company insiders own 12.60% 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.