FY2027 Earnings Forecast for MDA Space Issued By Scotiabank

Key Points

• Scotiabank raised its FY2027 EPS forecast for MDA Space to C$1.73 from C$1.65 and maintained a “Sector Outperform” rating with a C$71 price target.
• MDA Space shares opened at C$43.07, down 3.7%, with the stock carrying an average analyst rating of “Buy” and a consensus price target of C$64.50.
• Insiders have been selling shares: company insiders sold 119,269 shares worth approximately C$6.32 million over the past 90 days, while insiders still own 12.6% of the company.

MDA Space Ltd. (TSE:MDA - Free Report) - Analysts at Scotiabank raised their FY2027 EPS estimates for MDA Space in a research report issued on Wednesday, August 19th. Scotiabank analyst K. Gupta now expects that the company will post earnings of $1.73 per share for the year, up from their previous forecast of $1.65. Scotiabank currently has a "Sector Outperform" rating and a $71.00 target price on the stock. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share.

A number of other brokerages have also recently weighed in on MDA. Jefferies Financial Group upgraded MDA Space to a "strong-buy" rating in a research report on Wednesday, June 10th. Desjardins increased their target price on MDA Space from C$70.00 to C$72.00 and gave the stock a "buy" rating in a research report on Wednesday, July 15th. Stifel Nicolaus lifted their price target on MDA Space from C$70.00 to C$75.00 and gave the company a "buy" rating in a report on Monday, June 22nd. BMO Capital Markets lifted their price target on MDA Space from C$53.00 to C$68.00 and gave the company an "outperform" rating in a report on Monday, June 22nd. Finally, Royal Bank Of Canada upped their price objective on shares of MDA Space from C$58.00 to C$60.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$64.50.

MDA Space Trading Down 3.7%

Shares of MDA stock opened at C$43.07 on Friday. The firm has a market capitalization of C$6.98 billion, a PE ratio of 54.52 and a beta of -0.37. MDA Space has a 1-year low of C$20.85 and a 1-year high of C$67.90. The business's fifty day moving average price is C$49.26 and its 200 day moving average price is C$46.39. The company has a debt-to-equity ratio of 20.01, a current ratio of 0.75 and a quick ratio of 1.00.

Insider Buying and Selling at MDA Space

In other MDA Space news, insider Holly Lynn Johnson sold 45,000 shares of MDA Space stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of C$52.79, for a total transaction of C$2,375,550.00. Following the transaction, the insider directly owned 60,331 shares of the company's stock, valued at C$3,184,873.49. The trade was a 42.72% decrease in their ownership of the stock. Also, insider Luigi Pozzebon sold 31,686 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of C$52.90, for a total transaction of C$1,676,189.40. Over the last ninety days, insiders have sold 119,269 shares of company stock worth $6,318,903. 12.60% of the stock is currently owned by corporate insiders.

MDA Space Company Profile

Building the space between proven and possible, MDA Space (TSX:MDA; NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission - bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that's been in our DNA since day one.

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