MDA Space (TSE:MDA) PT Raised 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 target indicates a potential upside of 19.62% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Cormark boosted their price objective on shares of MDA Space from C$19.00 to C$21.00 in a report on Friday, August 9th. Scotiabank lifted their price objective on MDA Space from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, August 16th.

MDA Space Stock Up 1.7 %

Shares of TSE MDA traded up C$0.28 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 company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79. MDA Space has a 12-month low of C$10.65 and a 12-month high of C$16.87. The firm has a market capitalization of C$2.01 billion, a P/E ratio of 43.92 and a beta of -0.02. The business has a 50 day moving average of C$14.38 and a two-hundred day moving average of C$13.87.

MDA Space (TSE:MDA) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating 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 company had revenue of C$242.00 million during the quarter, compared to the consensus estimate of C$221.34 million. As a group, equities research analysts forecast that MDA Space will post 0.9875297 earnings per share for the current fiscal year.

Insider Activity at MDA Space

In other MDA Space news, Director Karl W. Smith bought 3,244 shares of the stock in a transaction on Wednesday, August 14th. The stock was purchased at an average price of C$14.83 per share, for a total transaction of C$48,120.20. In related news, Director Karl W. Smith acquired 3,244 shares of MDA Space stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired 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 firm’s stock in a transaction on Tuesday, September 3rd. The shares were 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.