MDA Space (TSE:MDA) Given a C$57.00 Price Target at Canadian Imperial Bank of Commerce

MDA Space (TSE:MDA) received a C$57.00 target price from Canadian Imperial Bank of Commerce in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s target price indicates a potential upside of 5.13% from the stock’s current price.

MDA has been the topic of several other research reports. Scotia upped their price objective on MDA Space from C$49.00 to C$53.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. Scotiabank upgraded MDA Space to a “strong-buy” rating in a research note on Thursday, March 19th. Canaccord Genuity Group set a C$56.00 target price on MDA Space and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Stifel Nicolaus increased their target price on MDA Space from C$48.00 to C$57.00 in a research report on Thursday, March 5th. Finally, Morgan Stanley increased their target price on MDA Space from C$51.00 to C$58.00 in a research report on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$51.90.

MDA Space Stock Performance

MDA Space stock traded up C$1.73 during trading on Thursday, hitting C$54.22. The stock had a trading volume of 683,071 shares, compared to its average volume of 1,127,290. MDA Space has a 1 year low of C$20.85 and a 1 year high of C$54.40. The company has a quick ratio of 1.00, a current ratio of 0.80 and a debt-to-equity ratio of 20.62. The stock’s 50 day moving average is C$42.88 and its two-hundred day moving average is C$34.59. The stock has a market cap of C$7.52 billion, a price-to-earnings ratio of 67.78 and a beta of -0.92.

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

About MDA Space

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.