Canaccord Genuity Group Raises MDA Space (TSE:MDA) Price Target to C$21.00

MDA Space (TSE:MDA) had its target price lifted by Canaccord Genuity Group from C$18.00 to C$21.00 in a research note released on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.

MDA has been the subject of a number of other research reports. Scotiabank upped their price target on MDA Space from C$21.00 to C$22.00 and gave the stock an outperform rating in a report on Friday, August 16th. Cormark upped their target price on shares of MDA Space from C$19.00 to C$21.00 in a research note on Friday, August 9th. Finally, Royal Bank of Canada lifted their price target on shares of MDA Space from C$18.00 to C$20.00 in a research note on Friday, September 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of C$18.63.

MDA Space Stock Performance

Shares of MDA stock opened at C$19.21 on Thursday. 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$2.31 billion, a PE ratio of 50.55 and a beta of -0.02. The company’s fifty day simple moving average is C$15.32 and its 200-day simple moving average is C$14.08. MDA Space has a 52 week low of C$10.65 and a 52 week high of C$19.30.

MDA Space (TSE:MDA) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.19 EPS for the quarter, beating 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 company had revenue of C$242.00 million for the quarter, compared to analyst estimates of C$221.34 million. As a group, equities research analysts anticipate that MDA Space will post 0.9757646 EPS for the current year.

Insiders Place Their Bets

In other MDA Space news, Director Michael Philip Greenley sold 175,000 shares of MDA Space stock in a transaction on Sunday, September 22nd. The shares were 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 business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total transaction of C$347,017.50. Also, Director Michael Philip Greenley sold 175,000 shares of the stock in a transaction 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. Insiders have sold a total of 197,800 shares of company stock valued at $3,263,189 in the last quarter. Insiders own 12.61% 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.