Desjardins Issues Optimistic Forecast for MDA Space Earnings

Key Points

• Desjardins has increased its FY2025 earnings estimate for MDA Space to $1.46 per share, up from a previous forecast of $1.44, while maintaining a "Buy" rating and a target price of $55.00.
• Several analysts, including BMO Capital Markets and Royal Bank of Canada, have also raised their price targets for MDA Space significantly, reflecting a positive industry outlook.
• Insider selling has occurred recently, with a total of 306,000 shares sold worth approximately $9 million in the past ninety days, although insiders still hold 12.60% of the company's stock.

MDA Space Ltd. (TSE:MDA - Free Report) - Equities research analysts at Desjardins increased their FY2025 earnings estimates for MDA Space in a note issued to investors on Thursday, August 7th. Desjardins analyst B. Poirier now anticipates that the company will post earnings per share of $1.46 for the year, up from their previous forecast of $1.44. Desjardins has a "Buy" rating and a $55.00 price objective on the stock. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share. Desjardins also issued estimates for MDA Space's Q4 2025 earnings at $0.42 EPS.

Several other equities research analysts have also issued reports on the stock. BMO Capital Markets raised their target price on shares of MDA Space from C$33.00 to C$53.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Canaccord Genuity Group raised their price target on shares of 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. Royal Bank Of Canada raised their price target on shares of MDA Space from C$42.00 to C$53.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Finally, Scotiabank raised shares of MDA Space from a "hold" rating to a "strong-buy" rating and raised their price target for the stock from C$39.00 to C$55.00 in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$43.22.

MDA Space Trading Down 1.5%

Shares of MDA Space stock traded down C$0.65 during trading on Monday, hitting C$42.86. The stock had a trading volume of 123,452 shares, compared to its average volume of 500,302. The firm's fifty day simple moving average is C$37.34 and its 200-day simple moving average is C$29.66. The stock has a market cap of C$5.23 billion, a PE ratio of 76.18 and a beta of 0.02. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00. MDA Space has a 12 month low of C$14.02 and a 12 month high of C$48.31.

Insider Buying and Selling at MDA Space

In other news, Senior Officer Holly Lynn Johnson sold 31,200 shares of MDA Space stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of C$30.70, for a total transaction of C$957,840.00. Also, Senior Officer Luigi Pozzebon sold 8,000 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of C$32.02, for a total transaction of C$256,160.00. In the last 90 days, insiders sold 306,000 shares of company stock worth $9,024,768. Corporate insiders own 12.60% of the company's stock.

About MDA Space

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.