MDA Space (TSE:MDA) Rating Increased to Outperform at BMO Capital Markets

BMO Capital Markets upgraded shares of MDA Space (TSE:MDA) from a market perform rating to an outperform rating in a report released on Monday, BayStreet.CA reports. The firm currently has C$28.00 target price on the stock, up from their previous target price of C$15.00.

Several other research analysts have also recently weighed in on MDA. Scotiabank raised their target price on MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research note on Friday. Royal Bank of Canada increased their target price on shares of MDA Space from C$18.00 to C$20.00 in a research note on Friday, September 20th. Canaccord Genuity Group lifted their price target on shares of MDA Space from C$21.00 to C$27.00 in a research report on Monday. Cormark increased their price objective on MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th. Finally, Desjardins upgraded MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.29.

MDA Space Stock Performance

MDA stock opened at C$24.20 on Monday. The stock has a market capitalization of C$2.91 billion, a price-to-earnings ratio of 63.68 and a beta of 0.02. The stock’s fifty day moving average is C$18.47 and its two-hundred day moving average is C$15.07. MDA Space has a 1 year low of C$10.65 and a 1 year high of C$24.76. 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 (TSE:MDA) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.19 EPS for the quarter, beating 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%. On average, research analysts predict that MDA Space will post 0.9605084 EPS for the current year.

Insiders Place Their Bets

In other news, 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 value of C$347,017.50. In other MDA Space news, Director John Carter Risley sold 22,500 shares of MDA Space stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total transaction of C$347,017.50. Also, Director Michael Philip Greenley sold 175,000 shares of the stock in a transaction that occurred on 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. In the last three months, insiders have sold 199,220 shares of company stock worth $3,285,909. Corporate 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.