MDA Space (TSE:MDA) Raised to Strong-Buy at Jefferies Financial Group

MDA Space (TSE:MDA) was upgraded by Jefferies Financial Group to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other analysts have also weighed in on MDA. BMO Capital Markets raised their price objective on shares of MDA Space from C$45.00 to C$50.00 in a report on Thursday, March 5th. Scotia raised their price objective on shares of MDA Space from C$53.00 to C$70.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 28th. Canadian Imperial Bank of Commerce set a C$57.00 price objective on shares of MDA Space and gave the stock an “outperformer” rating in a report on Thursday, May 14th. ATB Cormark Capital Markets lowered shares of MDA Space from a “moderate buy” rating to a “hold” rating and raised their price objective for the stock from C$53.00 to C$67.00 in a report on Friday, May 29th. Finally, Canaccord Genuity Group set a C$56.00 price objective on shares of MDA Space and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$57.40.

MDA Space Stock Up 0.1%

Shares of MDA opened at C$52.63 on Wednesday. The stock has a market cap of C$7.30 billion, a price-to-earnings ratio of 65.79 and a beta of -0.53. 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 has a 12 month low of C$20.85 and a 12 month high of C$67.90. The company has a 50-day moving average price of C$49.08 and a two-hundred day moving average price of C$38.94.

MDA Space (TSE:MDA) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.38 EPS for the quarter. The firm had revenue of C$464.10 million during the quarter. MDA Space had a net margin of 6.02% and a return on equity of 7.24%. Equities analysts predict that MDA Space will post 0.9605084 EPS for the current fiscal 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.