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 report issued on Monday morning, MarketBeat reports. BMO Capital Markets currently has C$28.00 price objective on the stock, up from their previous price objective of C$15.00.

MDA has been the topic of a number of other reports. Cormark boosted their target price on MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th. Royal Bank of Canada increased their price target on shares of MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Scotiabank upped their price objective on MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Canaccord Genuity Group boosted their target price on shares of MDA Space from C$21.00 to C$27.00 in a research note on Monday. Finally, Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$22.29.

MDA Space Stock Up 2.2 %

MDA stock opened at C$25.29 on Monday. MDA Space has a 52 week low of C$10.65 and a 52 week high of C$25.54. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79. The company has a market cap of C$3.04 billion, a P/E ratio of 66.55 and a beta of 0.02. The company’s 50-day moving average price is C$18.84 and its 200 day moving average price is C$15.22.

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 return on equity of 4.47% and a net margin of 5.53%. The business had revenue of C$242.00 million for the quarter, compared to analyst estimates of C$221.34 million. On average, research analysts expect that MDA Space will post 0.9605084 earnings per share 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 dated 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 Michael Philip Greenley sold 175,000 shares of the company’s stock in a transaction that occurred on Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. Also, Director Karl W. Smith purchased 3,244 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average cost of C$14.83 per share, for a total transaction of C$48,120.20. Over the last ninety days, insiders sold 199,220 shares of company stock worth $3,285,909. 12.60% of the stock is currently owned by insiders.

About MDA Space

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.