Cormark Has Bearish Estimate for MDA Space FY2025 Earnings

MDA Space Ltd. (TSE:MDA) – Stock analysts at Cormark lowered their FY2025 EPS estimates for shares of MDA Space in a report issued on Monday, November 18th. Cormark analyst D. Mcfadgen now forecasts that the company will earn $0.95 per share for the year, down from their previous estimate of $0.96. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share.

A number of other research analysts also recently commented on the company. Desjardins upgraded MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Ci Capital increased their price objective on MDA Space from C$15.00 to C$26.00 in a report on Monday. Canaccord Genuity Group lifted their target price on shares of MDA Space from C$21.00 to C$27.00 in a research note on Monday, November 4th. Scotiabank increased their price target on shares of MDA Space from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada boosted their price target on MDA Space from C$28.00 to C$30.00 in a research report on Wednesday. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, MDA Space has an average rating of “Buy” and an average price target of C$27.83.

MDA Space Price Performance

Shares of MDA opened at C$26.54 on Wednesday. The business’s 50-day moving average is C$20.25 and its 200-day moving average is C$15.76. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of C$3.19 billion, a price-to-earnings ratio of 69.84 and a beta of 0.02. MDA Space has a fifty-two week low of C$10.65 and a fifty-two week high of C$27.47.

Insider Buying and Selling at MDA Space

In other news, Director Michael Philip Greenley sold 175,000 shares of the business’s stock in a transaction dated 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. Also, Director John Carter Risley sold 22,500 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total transaction of C$347,017.50. In the last 90 days, insiders sold 198,920 shares of company stock worth $3,281,370. 12.60% of the stock is currently owned by corporate insiders.

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.