MDA Space Ltd. (TSE:MDA) Stock Has Average Target Price of C$63.18

Shares of MDA Space Ltd. (TSE:MDA) have earned a consensus rating of “Buy” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$63.18.

A number of analysts have recently weighed in on MDA shares. National Bank Financial set a C$55.00 price objective on shares of MDA Space and gave the stock an “outperform” rating in a research note on Tuesday, September 15th. ATB Cormark Capital Markets lowered their price target on shares of MDA Space from C$51.00 to C$48.00 and set a “sector perform” rating on the stock in a report on Monday, August 10th. Canadian Imperial Bank of Commerce cut their price target on MDA Space from C$67.00 to C$59.00 in a research note on Wednesday, July 15th. Royal Bank Of Canada lowered their target price on MDA Space from C$60.00 to C$55.00 and set an “outperform” rating on the stock in a research report on Monday, October 19th. Finally, Canaccord Genuity Group reduced their target price on shares of MDA Space from C$65.00 to C$64.00 and set a “buy” rating for the company in a research note on Monday, August 10th.

MDA Space Price Performance

MDA Space stock opened at C$38.00 on Wednesday. MDA Space has a 1-year low of C$20.85 and a 1-year high of C$67.90. The company has a market cap of C$6.16 billion, a PE ratio of 48.10 and a beta of -0.07. The company has a debt-to-equity ratio of 20.01, a current ratio of 0.75 and a quick ratio of 1.00. The stock’s 50 day moving average price is C$41.00 and its 200 day moving average price is C$44.29.

MDA Space (TSE:MDA) last posted its earnings results on Friday, August 7th. The company reported C$0.36 earnings per share (EPS) for the quarter. MDA Space had a net margin of 5.66% and a return on equity of 6.60%. The firm had revenue of C$498.60 million during the quarter. On average, sell-side analysts predict that MDA Space will post 0.96 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.