MDA Space (TSE:MDA) Upgraded 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 research note released on Monday morning, BayStreet.CA reports. BMO Capital Markets currently has C$28.00 price target on the stock, up from their prior price target of C$15.00.

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

MDA Space Trading Up 2.9 %

TSE:MDA opened at C$24.20 on Monday. The company has a market capitalization of C$2.91 billion, a P/E ratio of 63.68 and a beta of 0.02. The stock’s 50 day moving average price is C$18.47 and its 200 day moving average price is C$15.07. 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$24.76.

MDA Space (TSE:MDA) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.19 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of C$221.34 million. On average, research analysts forecast that MDA Space will post 0.9605084 EPS for the current fiscal year.

Insider Activity at MDA Space

In other MDA Space news, Director Michael Philip Greenley sold 175,000 shares of the firm’s stock in a transaction on Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total value of C$2,911,632.50. In other news, Director Karl W. Smith bought 3,244 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of C$14.83 per share, for a total transaction of C$48,120.20. 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. Insiders sold a total of 199,220 shares of company stock worth $3,285,909 in the last ninety days. 12.60% 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.