MDA Space Ltd. (TSE:MDA) Given Consensus Recommendation of “Buy” by Brokerages

MDA Space Ltd. (TSE:MDA) has been assigned an average recommendation of “Buy” from the eleven ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$64.50.

A number of research firms have commented on MDA. Scotiabank lifted their target price on MDA Space from C$70.00 to C$71.00 and gave the company a “sector outperform” rating in a research report on Monday, June 22nd. Scotia increased their price target on MDA Space from C$53.00 to C$70.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 28th. Stifel Nicolaus raised their price objective on MDA Space from C$70.00 to C$75.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Royal Bank Of Canada raised their price objective on MDA Space from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Finally, ATB Cormark Capital Markets reduced their price objective on shares of MDA Space from C$51.00 to C$48.00 and set a “sector perform” rating on the stock in a report on Monday, August 10th.

MDA Space Stock Down 3.7%

MDA stock opened at C$43.07 on Friday. MDA Space has a one year low of C$20.85 and a one year high of C$67.90. The firm has a market cap of C$6.98 billion, a PE ratio of 54.52 and a beta of -0.37. The firm’s 50 day moving average price is C$49.26 and its 200-day moving average price is C$46.39. The company has a debt-to-equity ratio of 20.01, a quick ratio of 1.00 and a current ratio of 0.75.

Insider Activity at MDA Space

In other news, insider Guillaume Lavoie sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of C$52.63, for a total value of C$78,945.00. Following the sale, the insider directly owned 6,257 shares of the company’s stock, valued at approximately C$329,305.91. The trade was a 19.34% decrease in their position. Also, insider Minda Marie Suchan sold 40,000 shares of the company’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 transaction of C$2,128,800.00. Following the completion of the transaction, 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 ownership of the stock. In the last three months, insiders sold 119,269 shares of company stock worth $6,318,903. 12.60% of the stock is 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.