Deutsche Bank AG Has $2.25 Million Stock Position in MDA Space Ltd. $MDA

Deutsche Bank AG boosted its holdings in shares of MDA Space Ltd. (NYSE:MDA) by 85.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,516 shares of the company’s stock after purchasing an additional 25,197 shares during the period. Deutsche Bank AG’s holdings in MDA Space were worth $2,250,000 at the end of the most recent quarter.

Separately, SCS Capital Management LLC bought a new position in shares of MDA Space in the 2nd quarter valued at $1,003,000.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Jefferies Financial Group reissued a “buy” rating and set a $49.00 price target on shares of MDA Space in a report on Tuesday, August 11th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $60.00 target price on shares of MDA Space in a research report on Monday, August 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $41.00 target price on shares of MDA Space in a research note on Monday, August 10th. Weiss Ratings cut shares of MDA Space from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of MDA Space in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, MDA Space has a consensus rating of “Moderate Buy” and an average target price of $50.00.

MDA Space Trading Up 2.8%

MDA Space stock opened at $30.40 on Friday. The company has a 50-day moving average price of $34.12. MDA Space Ltd. has a 12 month low of $23.23 and a 12 month high of $49.37. The company has a market capitalization of $4.93 billion and a P/E ratio of 56.30. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 0.19.

MDA Space (NYSE:MDA) last released its quarterly earnings results on Friday, August 7th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $360.18 million for the quarter, compared to analysts’ expectations of $321.87 million. MDA Space had a return on equity of 9.42% and a net margin of 5.68%. As a group, analysts predict that MDA Space Ltd. will post 0.95 earnings per share for the current fiscal year.

About MDA Space

MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.