MDA Space Ltd. (NYSE:MDA) Receives Consensus Rating of “Buy” from Analysts

Shares of MDA Space Ltd. (NYSE:MDA) have received a consensus rating of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $44.3333.

Several equities research analysts recently commented on the stock. Jefferies Financial Group began coverage on shares of MDA Space in a research report on Monday, April 6th. They issued a “buy” rating and a $41.00 price objective on the stock. Canadian Imperial Bank of Commerce assumed coverage on shares of MDA Space in a report on Wednesday. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of MDA Space in a research note on Monday, April 6th. They issued an “overweight” rating and a $34.00 price target on the stock. Weiss Ratings lowered shares of MDA Space from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, Royal Bank Of Canada increased their target price on shares of MDA Space from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday.

MDA Space Price Performance

Shares of MDA stock traded up $0.95 on Wednesday, hitting $38.29. The stock had a trading volume of 702,687 shares, compared to its average volume of 755,375. MDA Space has a twelve month low of $23.23 and a twelve month high of $38.61.

MDA Space (NYSE:MDA) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05.

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.