Shares of MDA Space Ltd. (TSE:MDA – Get Free Report) have been given a consensus rating of “Buy” by the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$64.70.
Several equities research analysts have weighed in on the company. Scotiabank raised their price target on 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. Scotia upped their price objective on shares of 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. Canaccord Genuity Group increased their price objective on shares of MDA Space from C$56.00 to C$65.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Jefferies Financial Group upgraded shares of MDA Space to a “strong-buy” rating in a research note on Wednesday, June 10th. Finally, BMO Capital Markets boosted their target price on shares of MDA Space from C$53.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Monday, June 22nd.
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MDA Space Stock Performance
MDA Space (TSE:MDA – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported C$0.38 earnings per share for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%.The firm had revenue of C$464.10 million for the quarter. Equities research analysts predict that MDA Space will post 0.9605084 earnings per share for the current fiscal year.
Insider Activity at MDA Space
In related news, insider Holly Lynn Johnson sold 45,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of C$52.79, for a total value of C$2,375,550.00. Following the transaction, the insider directly owned 60,331 shares of the company’s stock, valued at C$3,184,873.49. This represents a 42.72% decrease in their position. Also, insider Guillaume Lavoie sold 688 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of C$55.62, for a total value of C$38,266.56. Following the completion of the transaction, the insider directly owned 5,569 shares in the company, valued at approximately C$309,747.78. The trade was a 11.00% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 119,269 shares of company stock valued at $6,318,903. 12.60% of the stock is currently owned by corporate insiders.
MDA Space Company Profile
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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