Cormark Comments on MDA Space’s FY2025 Earnings (TSE:MDA)

MDA Space Ltd. (TSE:MDA) – Stock analysts at Cormark raised their FY2025 earnings per share estimates for shares of MDA Space in a research report issued on Tuesday, February 11th. Cormark analyst D. Mcfadgen now forecasts that the company will earn $1.07 per share for the year, up from their prior estimate of $0.95. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share.

MDA has been the topic of a number of other research reports. Desjardins raised MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. BMO Capital Markets upgraded shares of MDA Space from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$15.00 to C$28.00 in a report on Monday, November 4th. Royal Bank of Canada raised their price objective on shares of MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Ci Capital boosted their target price on shares of MDA Space from C$15.00 to C$26.00 in a research note on Monday, November 18th. Finally, Canaccord Genuity Group increased their target price on MDA Space from C$30.00 to C$34.00 in a report on Friday, December 13th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$31.29.

MDA Space Stock Down 1.7 %

Shares of MDA Space stock opened at C$24.33 on Wednesday. MDA Space has a 12-month low of C$11.44 and a 12-month high of C$30.00. The firm has a market capitalization of C$2.92 billion, a PE ratio of 64.03 and a beta of 0.02. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79. The stock’s fifty day moving average is C$27.45 and its 200-day moving average is C$21.75.

Insider Buying and Selling at MDA Space

In other MDA Space news, Director John Carter Risley sold 61,000 shares of MDA Space stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$28.06, for a total value of C$1,711,660.00. Also, Director Michael Philip Greenley sold 9,700 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$28.60, for a total transaction of C$277,420.00. In the last quarter, insiders have sold 361,300 shares of company stock worth $10,285,710. 12.60% of the stock is currently owned by company 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.