MDA Space (TSE:MDA – Get Free Report) had its price objective dropped by equities researchers at Canadian Imperial Bank of Commerce from C$67.00 to C$59.00 in a research report issued on Wednesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target indicates a potential upside of 26.83% from the stock’s previous close.
MDA has been the topic of several other reports. Desjardins lifted their price target on shares of MDA Space from C$66.00 to C$70.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. BMO Capital Markets lifted their price objective on shares of MDA Space from C$53.00 to C$68.00 and gave the company an “outperform” rating in a research note on Monday, June 22nd. ATB Cormark Capital Markets cut their price target on MDA Space from C$67.00 to C$62.00 and set a “sector perform” rating for the company in a research note on Monday, June 22nd. Scotiabank increased their price target on shares of MDA Space from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a report on Monday, June 22nd. Finally, Scotia raised their target price on MDA Space from C$53.00 to C$70.00 and gave the company a “sector outperform” rating in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$63.80.
Check Out Our Latest Stock Report on MDA Space
MDA Space Stock Down 2.4%
MDA Space (TSE:MDA – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.38 EPS for the quarter. MDA Space had a net margin of 6.02% and a return on equity of 7.24%. The company had revenue of C$464.10 million for the quarter. As a group, equities research analysts expect that MDA Space will post 0.9605084 EPS for the current year.
Insider Activity at MDA Space
In related news, insider Guillaume Lavoie sold 1,500 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of C$52.63, for a total transaction of C$78,945.00. Following the completion of the sale, the insider directly owned 6,257 shares of the company’s stock, valued at approximately C$329,305.91. This represents a 19.34% decrease in their position. Also, insider Luigi Pozzebon sold 31,686 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of C$52.90, for a total value of C$1,676,189.40. Insiders have sold 119,269 shares of company stock worth $6,318,903 in the last 90 days. Company insiders own 12.60% of the company’s stock.
About MDA Space
Building the space between proven and possible, MDA Space (TSX:MDA; NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that’s been in our DNA since day one.
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