Cormark Analysts Increase Earnings Estimates for MDA Space

Key Points

• Cormark has raised its FY2025 earnings per share estimate for MDA Space to $1.48, an increase from the prior estimate of $1.46, while the consensus estimate is currently $0.96.
• Several brokerages have also upgraded MDA Space's stock ratings, with BMO Capital Markets and Royal Bank Of Canada raising their price targets to C$53.00, indicating a strong bullish sentiment.
• Insider trading activity has been notable, with insiders selling a total of 306,000 shares valued at approximately $9 million in the last three months, yet 12.60% of the stock is still owned by company insiders.

MDA Space Ltd. (TSE:MDA - Free Report) - Cormark lifted their FY2025 earnings estimates for MDA Space in a report issued on Friday, August 8th. Cormark analyst D. Mcfadgen now forecasts that the company will earn $1.48 per share for the year, up from their previous estimate of $1.46. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share. Cormark also issued estimates for MDA Space's FY2027 earnings at $2.21 EPS.

Several other equities analysts have also commented on the stock. Scotiabank upgraded shares of MDA Space from a "hold" rating to a "strong-buy" rating and increased their price target for the company from C$39.00 to C$55.00 in a research note on Tuesday, August 5th. Royal Bank Of Canada raised their target price on MDA Space from C$42.00 to C$53.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Canaccord Genuity Group lifted their price target on MDA Space from C$36.00 to C$45.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Desjardins lifted their price objective on MDA Space from C$40.00 to C$55.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, BMO Capital Markets lifted their price target on MDA Space from C$33.00 to C$53.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$43.22.

MDA Space Stock Down 1.5%

Shares of MDA traded down C$0.65 during mid-day trading on Monday, hitting C$42.86. 123,452 shares of the company's stock were exchanged, compared to its average volume of 500,302. The stock's 50-day moving average is C$37.34 and its 200-day moving average is C$29.66. The company has a market cap of C$5.23 billion, a price-to-earnings ratio of 76.18 and a beta of 0.02. MDA Space has a fifty-two week low of C$14.02 and a fifty-two week high of C$48.31. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83.

Insider Buying and Selling at MDA Space

In other news, Senior Officer Holly Lynn Johnson sold 31,200 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of C$30.70, for a total transaction of C$957,840.00. Also, Senior Officer David Snarch sold 18,000 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of C$28.20, for a total value of C$507,600.00. In the last ninety days, insiders have sold 306,000 shares of company stock worth $9,024,768. Company insiders own 12.60% of the company's stock.

MDA Space Company Profile

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators.