FY2027 Earnings Forecast for MDA Space Issued By Cormark

Key Points

• Analysts at Cormark forecast MDA Space Ltd. will achieve earnings of $2.23 per share for FY2027, significantly higher than the current estimate of $0.96 per share.
• Multiple financial institutions, including Royal Bank Of Canada and BMO Capital Markets, have raised their target prices for MDA Space, with many analysts rating the stock as a "buy" or "outperform."
• MDA Space's current trading price is C$44.55, down 3.0% from recent levels, with a twelve-month high of C$47.84.

MDA Space Ltd. (TSE:MDA - Free Report) - Analysts at Cormark issued their FY2027 EPS estimates for MDA Space in a research report issued to clients and investors on Tuesday, August 5th. Cormark analyst D. Mcfadgen anticipates that the company will post earnings of $2.23 per share for the year. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada boosted their target price on MDA Space from C$42.00 to C$53.00 and gave the stock an "outperform" rating in a research note on Tuesday. Canaccord Genuity Group boosted their target price 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. BMO Capital Markets boosted their target price on MDA Space from C$33.00 to C$53.00 and gave the stock an "outperform" rating in a research note on Tuesday. Desjardins boosted their target price on MDA Space from C$40.00 to C$55.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Scotiabank raised MDA Space from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from C$39.00 to C$55.00 in a research note on Tuesday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, MDA Space presently has an average rating of "Buy" and an average target price of C$43.22.

MDA Space Trading Down 3.0%

MDA opened at C$44.55 on Wednesday. MDA Space has a twelve month low of C$11.78 and a twelve month high of C$47.84. The company has a 50-day simple moving average of C$35.51 and a 200 day simple moving average of C$29.03. 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 capitalization of C$5.43 billion, a price-to-earnings ratio of 79.18 and a beta of 0.02.

Insider Buying and Selling at MDA Space

In other news, Senior Officer Minda Marie Suchan sold 40,000 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of C$30.64, for a total transaction of C$1,225,608.00. Also, Senior Officer Luigi Pozzebon sold 8,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of C$32.02, for a total value of C$256,160.00. In the last quarter, insiders sold 306,000 shares of company stock worth $9,024,768. 12.60% of the stock is currently owned by insiders.

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.

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