Royal Bank of Canada set a C$16.00 price target on MDA Space (TSE:MDA – Free Report) in a research note released on Monday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Several other analysts also recently commented on the company. BMO Capital Markets upped their price objective on MDA Space from C$13.00 to C$15.00 and gave the company a market perform rating in a research note on Thursday, February 29th. Scotiabank raised their price target on MDA Space from C$17.00 to C$18.50 and gave the stock an outperform rating in a research report on Wednesday, April 10th.
Check Out Our Latest Research Report on MDA
MDA Space Stock Performance
MDA Space (TSE:MDA – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.01. The company had revenue of C$209.10 million during the quarter, compared to the consensus estimate of C$210.35 million. MDA Space had a net margin of 5.71% and a return on equity of 4.41%. Research analysts predict that MDA Space will post 0.5601118 EPS for the current fiscal year.
MDA Space Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 22nd were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Tuesday, April 30th. MDA Space’s payout ratio is currently 389.47%.
Insiders Place Their Bets
In related news, Director Brendan Paddick purchased 85,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was purchased at an average price of C$11.96 per share, for a total transaction of C$1,016,600.00. 12.63% of the stock is currently owned by insiders.
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.
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