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Stifel Nicolaus Reaffirms Their Buy Rating on MDA Space Ltd (MDA)

Tipranks - Tipranks - Fri Jan 16, 8:00AM CST

Stifel Nicolaus analyst Greg MacDonald maintained a Buy rating on MDA Space Ltd today and set a price target of C$48.00.

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According to TipRanks, MacDonald is an analyst with an average return of -4.8% and a 54.55% success rate.

In addition to Stifel Nicolaus, MDA Space Ltd also received a Buy from TipRanks – OpenAI’s OpenAI Industrials CA in a report issued today. However, on the same day, TipRanks – xAI reiterated a Hold rating on MDA Space Ltd (TSX: MDA).

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Based on MDA Space Ltd’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$409.8 million and a net profit of C$24.4 million. In comparison, last year the company earned a revenue of C$282.4 million and had a net profit of C$29.5 million

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MDA in relation to earlier this year.

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