MDA Space Ltd. (TSE:MDA) Given Average Rating of “Buy” by Analysts

MDA Space Ltd. (TSE:MDA) has received a consensus recommendation of “Buy” from the ten analysts that are presently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$51.33.

Several research firms recently weighed in on MDA. Morgan Stanley lifted their price target on shares of MDA Space from C$51.00 to C$58.00 in a report on Friday, May 8th. Jefferies Financial Group upgraded shares of MDA Space to a “strong-buy” rating in a report on Monday, April 6th. ATB Cormark Capital Markets cut their price target on shares of MDA Space from C$54.00 to C$53.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Stifel Nicolaus lifted their price target on shares of MDA Space from C$48.00 to C$57.00 in a report on Thursday, March 5th. Finally, Scotia lifted their price target on shares of MDA Space from C$49.00 to C$53.00 and gave the company a “sector outperform” rating in a report on Friday, May 8th.

MDA Space Stock Performance

TSE:MDA opened at C$51.18 on Wednesday. The stock has a market cap of C$7.10 billion, a P/E ratio of 63.98 and a beta of -0.92. The firm’s fifty day simple moving average is C$42.67 and its 200 day simple moving average is C$34.46. MDA Space has a twelve month low of C$20.85 and a twelve month high of C$51.55. The company has a quick ratio of 1.00, a current ratio of 0.80 and a debt-to-equity ratio of 20.62.

MDA Space (TSE:MDA) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.38 earnings per share for the quarter. The business had revenue of C$464.10 million for the quarter. MDA Space had a net margin of 6.02% and a return on equity of 7.24%. As a group, research analysts predict that MDA Space will post 0.9605084 EPS for the current year.

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.