MDA Space (TSE:MDA) Given New C$43.00 Price Target at Desjardins

Key Points

• Analysts at Desjardins have lowered MDA Space's price target from C$56.00 to C$43.00, suggesting a potential upside of 29.52% based on the stock's previous close.
• Other analysts have varied on their ratings; while Royal Bank of Canada reduced its price target to C$45.00, Scotiabank increased it to C$55.00, indicating diverse market sentiments regarding MDA Space.
• MDA Space's stock has shown significant trading volume recently, with 1,817,645 shares traded on the last reporting day, compared to an average volume of 534,236 shares.

MDA Space (TSE:MDA - Free Report) had its target price decreased by Desjardins from C$56.00 to C$43.00 in a research report report published on Tuesday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock. Desjardins also issued estimates for MDA Space's FY2026 earnings at $1.51 EPS and FY2027 earnings at $1.69 EPS.

MDA has been the topic of several other research reports. Canaccord Genuity Group cut their price target on shares of MDA Space from C$54.00 to C$47.00 in a report on Tuesday, September 9th. Royal Bank Of Canada reduced their price target on shares of MDA Space from C$53.00 to C$45.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 9th. BMO Capital Markets increased their price target on shares of MDA Space from C$33.00 to C$53.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Finally, Scotiabank raised MDA Space from a "hold" rating to a "strong-buy" rating and lifted their price objective for the company from C$39.00 to C$55.00 in a research report on Tuesday, August 5th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$38.44.

MDA Space Trading Down 0.3%

Shares of MDA Space stock traded down C$0.09 on Tuesday, 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. MDA Space has a one year low of C$15.53 and a one year high of C$48.31. 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. The stock's 50-day simple moving average is C$41.56 and its two-hundred day simple moving average is C$32.37.

Insider Transactions at MDA Space

In other news, insider Holly Lynn Johnson sold 40,620 shares of the stock in a transaction 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 sale, the insider directly owned 34,810 shares of the company's stock, valued at approximately C$1,594,298. This represents a 53.85% decrease in their ownership of the stock. Also, Director Brendan Paddick sold 45,600 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of C$47.02, for a total value of C$2,143,929.60. Following the transaction, the director owned 1,136,353 shares of the company's stock, valued at C$53,426,772.65. The trade was a 3.86% decrease in their ownership of the stock. Over the last 90 days, insiders sold 1,422,150 shares of company stock worth $62,507,211. Company 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.