Desjardins Boosts MDA Space (TSE:MDA) Price Target to C$40.00

MDA Space (TSE:MDA - Free Report) had its price objective lifted by Desjardins from C$38.00 to C$40.00 in a research report report published on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock. Desjardins also issued estimates for MDA Space's FY2026 earnings at $1.57 EPS and FY2027 earnings at $1.73 EPS.

MDA has been the topic of a number of other reports. Canaccord Genuity Group decreased their target price on shares of MDA Space from C$37.00 to C$36.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Scotiabank increased their price target on MDA Space from C$28.50 to C$34.00 in a report on Monday, March 10th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, MDA Space currently has an average rating of "Buy" and a consensus price target of C$32.89.

MDA Space Price Performance

MDA traded up C$1.36 on Monday, reaching C$34.50. 483,641 shares of the company's stock were exchanged, compared to its average volume of 481,053. MDA Space has a twelve month low of C$11.78 and a twelve month high of C$34.52. The stock has a market cap of C$4.21 billion, a PE ratio of 61.32 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. The stock's fifty day moving average price is C$27.44 and its 200-day moving average price is C$26.80.

Insider Buying and Selling

In related news, Director Michael Philip James Greenley sold 200,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of C$29.04, for a total value of C$5,807,400.00. Also, Senior Officer Guillaume Lavoie bought 1,150 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were acquired at an average cost of C$24.75 per share, with a total value of C$28,462.50. Over the last ninety days, insiders sold 306,000 shares of company stock worth $9,024,768. 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.