ATB Cormark Capital Markets Cuts MDA Space (TSE:MDA) Price Target to C$62.00

Posted by Brenda Bartman on Jun 22nd, 2026

MDA Space (TSE:MDA – Get Free Report) had its price objective decreased by ATB Cormark Capital Markets from C$67.00 to C$62.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price objective points to a potential upside of 9.83% from the stock’s previous close.

A number of other research analysts also recently issued reports on MDA. Morgan Stanley upped their price objective on MDA Space from C$51.00 to C$58.00 in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce set a C$57.00 price target on shares of MDA Space and gave the stock an “outperformer” rating in a report on Thursday, May 14th. Stifel Nicolaus increased their price target on shares of MDA Space from C$70.00 to C$75.00 and gave the company a “buy” rating in a research report on Monday. Jefferies Financial Group upgraded shares of MDA Space to a “strong-buy” rating in a report on Wednesday, June 10th. Finally, Scotiabank raised shares of MDA Space to a “strong-buy” rating in a research report on Thursday, March 19th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$63.40.

Check Out Our Latest Report on MDA Space

MDA Space Stock Down 4.5%

Shares of MDA traded down C$2.66 during trading hours on Monday, reaching C$56.45. 723,585 shares of the stock traded hands, compared to its average volume of 1,187,821. MDA Space has a 52 week low of C$20.85 and a 52 week high of C$67.90. The company has a market cap of C$7.83 billion, a price-to-earnings ratio of 70.56 and a beta of -0.53. The stock has a fifty day simple moving average of C$51.42 and a 200 day simple moving average of C$40.49. The company has a current ratio of 0.80, a quick ratio of 1.00 and a debt-to-equity ratio of 20.62.

MDA Space (TSE:MDA – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 EPS for the quarter. The firm had revenue of C$464.10 million during the quarter. MDA Space had a net margin of 6.02% and a return on equity of 7.24%. On average, equities analysts forecast that MDA Space will post 0.9605084 EPS for the current year.

Insider Buying and Selling at MDA Space

In other MDA Space news, insider Luigi Pozzebon sold 31,686 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of C$52.90, for a total transaction of C$1,676,189.40. Also, insider Minda Marie Suchan sold 40,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of C$53.22, for a total value of C$2,128,800.00. Following the sale, the insider owned 49,784 shares in the company, valued at approximately C$2,649,504.48. This represents a 44.55% decrease in their position. Over the last 90 days, insiders have sold 119,269 shares of company stock valued at $6,318,903. 12.60% of the stock is owned by corporate insiders.

About MDA Space

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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.