MDA Space (TSE:MDA) Sets New 1-Year High – Time to Buy?

MDA Space Ltd. (TSE:MDA) hit a new 52-week high on Thursday . The company traded as high as C$25.85 and last traded at C$25.79, with a volume of 61975 shares trading hands. The stock had previously closed at C$25.29.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$15.00 to C$28.00 in a research report on Monday, November 4th. 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. Royal Bank of Canada boosted their target price on shares of MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Scotiabank upped their target price on shares of MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Canaccord Genuity Group lifted their price target on MDA Space from C$21.00 to C$27.00 in a research note on Monday, November 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$22.29.

MDA Space Stock Up 2.2 %

The firm has a market cap of C$3.13 billion, a price-to-earnings ratio of 68.50 and a beta of 0.02. The stock has a 50-day moving average of C$19.23 and a 200-day moving average of C$15.38. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79.

MDA Space (TSE:MDA) last announced its quarterly earnings results 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. The company had revenue of C$242.00 million during the quarter, compared to the consensus estimate of C$221.34 million. MDA Space had a net margin of 5.53% and a return on equity of 4.47%. As a group, sell-side analysts forecast that MDA Space Ltd. will post 0.9605084 EPS for the current fiscal year.

Insider Buying and Selling at MDA Space

In related news, 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 value of C$2,911,632.50. In related news, Director John Carter Risley sold 22,500 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of C$15.42, for a total value of C$347,017.50. Also, 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. Insiders sold 199,220 shares of company stock valued at $3,285,909 in the last ninety days. Company insiders own 12.60% of the company’s stock.

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.