Royal Bank Of Canada Analysts Give MDA Space (TSE:MDA) a C$58.00 Price Target

Royal Bank Of Canada set a C$58.00 price target on MDA Space (TSE:MDA) in a research note published on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

MDA has been the topic of several other reports. Morgan Stanley upped their price target on shares of MDA Space from C$51.00 to C$58.00 in a report on Friday, May 8th. Desjardins boosted their target price on shares of MDA Space from C$70.00 to C$72.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group raised shares of MDA Space to a “strong-buy” rating in a research report on Wednesday, June 10th. ATB Cormark Capital Markets reduced their price target on shares of MDA Space from C$67.00 to C$62.00 and set a “sector perform” rating on the stock in a research report on Monday, June 22nd. Finally, Canadian Imperial Bank of Commerce decreased their price target on MDA Space from C$67.00 to C$59.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, MDA Space presently has an average rating of “Buy” and an average target price of C$64.70.

MDA Space Stock Performance

Shares of MDA opened at C$42.35 on Thursday. The business’s 50 day moving average is C$54.58 and its two-hundred day moving average is C$44.16. MDA Space has a 52-week low of C$20.85 and a 52-week high of C$67.90. The firm has a market cap of C$6.86 billion, a price-to-earnings ratio of 53.37 and a beta of -0.34. The company has a quick ratio of 1.00, a current ratio of 0.80 and a debt-to-equity ratio of 20.62.

MDA Space (TSE:MDA) last released its earnings results on Thursday, May 7th. The company reported C$0.38 EPS for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%.The company had revenue of C$464.10 million during the quarter. Analysts forecast that MDA Space will post 0.9605084 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Minda Marie Suchan sold 40,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately C$2,649,504.48. This trade represents a 44.55% decrease in their position. Also, insider Guillaume Lavoie sold 688 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 5,569 shares of the company’s stock, valued at C$309,747.78. This represents a 11.00% decrease in their position. In the last 90 days, insiders sold 119,269 shares of company stock worth $6,318,903. 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.