Desjardins Brokers Decrease Earnings Estimates for MDA Space

Key Points

• Desjardins has lowered MDA Space's FY2026 earnings estimate from $1.76 to $1.51 per share while maintaining a "Buy" rating and a $43.00 price target.
• Other analysts, including Canaccord Genuity and Royal Bank of Canada, have also decreased their price targets for MDA Space, reflecting a broader market reassessment.
• MDA Space's stock opened at C$32.99, with notable insider sales totaling 372,230 shares worth over $15 million in the past three months.

MDA Space Ltd. (TSE:MDA - Free Report) - Analysts at Desjardins cut their FY2026 earnings per share estimates for shares of MDA Space in a research note issued on Tuesday, September 9th. Desjardins analyst B. Poirier now anticipates that the company will post earnings of $1.51 per share for the year, down from their prior estimate of $1.76. Desjardins currently has a "Buy" rating and a $43.00 target price on the stock. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share.

Several other equities analysts also recently commented on the company. Scotiabank dropped their target price on MDA Space from C$55.00 to C$43.00 and set an "outperform" rating for the company in a research report on Tuesday, September 9th. Royal Bank Of Canada dropped their target price on MDA Space from C$53.00 to C$45.00 and set an "outperform" rating for the company in a research report on Tuesday, September 9th. Canaccord Genuity Group decreased their price target on MDA Space from C$54.00 to C$47.00 in a research note on Tuesday, September 9th. Finally, BMO Capital Markets decreased their price target on MDA Space from C$53.00 to C$40.00 and set an "outperform" rating for the company in a research note on Tuesday, September 9th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, MDA Space has an average rating of "Buy" and an average price target of C$38.44.

MDA Space Trading Down 0.3%

MDA Space stock traded down C$0.09 during trading hours on Wednesday, hitting C$30.80. The stock had a trading volume of 963,072 shares, compared to its average volume of 557,736. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. The stock has a market cap of C$3.85 billion, a price-to-earnings ratio of 34.22 and a beta of -0.63. MDA Space has a one year low of C$15.53 and a one year high of C$48.31. The business's 50 day simple moving average is C$41.56 and its 200-day simple moving average is C$32.37.

Insider Buying and Selling at MDA Space

In other news, insider Guillaume Lavoie purchased 1,220 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were acquired at an average price of C$33.91 per share, for a total transaction of C$41,370.20. Following the completion of the acquisition, the insider owned 4,562 shares in the company, valued at approximately C$154,697.42. The trade was a 36.51% increase in their ownership of the stock. Also, insider Holly Lynn Johnson sold 40,620 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of C$45.80, for a total value of C$1,860,396.00. Following the completion of the transaction, the insider owned 34,810 shares in the company, valued at approximately C$1,594,298. The trade was a 53.85% decrease in their position. Insiders have sold a total of 1,422,150 shares of company stock valued at $62,507,211 over the last ninety days. 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.