MDA Space (TSE:MDA) Price Target Increased to C$20.00 by Analysts at Scotiabank

MDA Space (TSE:MDA) had its price objective upped by Scotiabank from C$18.50 to C$20.00 in a research report sent to investors on Thursday, BayStreet.CA reports.

Separately, Royal Bank of Canada set a C$16.00 price target on shares of MDA Space and gave the stock an outperform rating in a research note on Monday, June 24th.

MDA Space Price Performance

TSE MDA opened at C$13.13 on Thursday. The business has a 50 day simple moving average of C$12.56 and a 200 day simple moving average of C$13.17. MDA Space has a 52-week low of C$8.01 and a 52-week high of C$15.45. The company has a debt-to-equity ratio of 52.23, a quick ratio of 1.00 and a current ratio of 1.29. The stock has a market cap of C$1.57 billion, a price-to-earnings ratio of 34.55 and a beta of 0.14.

MDA Space (TSE:MDA) last posted its earnings results on Thursday, May 9th. The company reported C$0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.01. The business had revenue of C$209.10 million during the quarter, compared to analysts’ expectations of C$210.35 million. MDA Space had a return on equity of 4.41% and a net margin of 5.71%. Analysts anticipate that MDA Space will post 0.5601118 earnings per share for the current fiscal year.

MDA Space Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 22nd were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Tuesday, April 30th. MDA Space’s payout ratio is presently 389.47%.

Insider Activity

In related news, Director Brendan Paddick acquired 85,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was bought at an average price of C$11.96 per share, with a total value of C$1,016,600.00. 12.63% 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.