MDA Space (TSE:MDA) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

MDA Space (TSE:MDA) had its price objective increased by equities researchers at Canaccord Genuity Group from C$21.00 to C$27.00 in a note issued to investors on Monday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 9.09% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Scotiabank increased their price target on MDA Space from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Desjardins raised shares of MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their price target on shares of MDA Space from C$18.00 to C$20.00 in a research note on Friday, September 20th. Finally, Cormark increased their price objective on shares of MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$22.29.

MDA Space Price Performance

Shares of TSE:MDA opened at C$24.75 on Monday. 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$24.95. The firm has a market cap of C$2.97 billion, a PE ratio of 65.13 and a beta of 0.02. The firm’s fifty day moving average is C$18.65 and its 200-day moving average is C$15.14.

MDA Space (TSE:MDA) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.19 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 4.47% and a net margin of 5.53%. Sell-side analysts predict that MDA Space will post 0.9605084 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director John Carter Risley sold 22,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of C$15.42, for a total value of C$347,017.50. In related news, Director John Carter Risley sold 22,500 shares of the company’s stock in a transaction that occurred 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. Also, Director Michael Philip Greenley sold 175,000 shares of the firm’s stock in a transaction on 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. Over the last quarter, insiders have sold 199,220 shares of company stock valued at $3,285,909. Insiders own 12.60% of the company’s stock.

MDA Space Company Profile

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.