MDA Space Ltd. (MDA) – What Are Researchers Thinking About This Stock?

Shares of MDA Space Ltd. (NYSE:MDA) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $50.00.

A number of research firms have recently issued reports on MDA. Jefferies Financial Group reiterated a “buy” rating on shares of MDA Space in a research report on Tuesday, October 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $60.00 price objective on shares of MDA Space in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $41.00 target price on shares of MDA Space in a research note on Monday, August 10th. Weiss Ratings lowered shares of MDA Space from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Finally, National Bank Financial initiated coverage on shares of MDA Space in a research report on Monday, September 14th. They set an “outperform” rating for the company.

Hedge Funds Weigh In On MDA Space

Hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp bought a new position in shares of MDA Space in the second quarter valued at approximately $135,771,000. Tidal Investments LLC bought a new stake in shares of MDA Space during the second quarter worth $53,428,000. TD Waterhouse Canada Inc. bought a new stake in shares of MDA Space during the second quarter worth $28,441,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of MDA Space in the third quarter valued at $21,289,000. Finally, Montrusco Bolton Investments Inc. acquired a new stake in shares of MDA Space in the third quarter valued at $12,052,000.

MDA Space Price Performance

MDA stock opened at $27.35 on Wednesday. The business has a 50 day moving average price of $29.07 and a 200 day moving average price of $33.35. MDA Space has a fifty-two week low of $23.23 and a fifty-two week high of $49.37. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 0.19. The stock has a market cap of $4.44 billion and a price-to-earnings ratio of 50.65.

MDA Space (NYSE:MDA) last announced its earnings results on Friday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $360.18 million for the quarter, compared to analyst estimates of $321.87 million. MDA Space had a net margin of 5.68% and a return on equity of 9.42%. Equities research analysts anticipate that MDA Space will post 0.96 earnings per share for the current fiscal year.

MDA Space Company Profile

MDA Space Ltd. is a Canadian space technology company that designs and delivers systems, products and services for government and commercial customers. Its activities span satellite communications, Earth observation, space robotics, geointelligence and lunar exploration, with capabilities covering mission planning, engineering, manufacturing and in-orbit support.

The company is known for developing space robotics and automation technologies, including systems used on the International Space Station, as well as satellite payloads, satellite subsystems and communications platforms.