MDA Space Ltd. (TSE:MDA) Receives C$55.00 Consensus Price Target from Analysts

MDA Space Ltd. (TSE:MDA) has received a consensus recommendation of “Buy” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$56.30.

A number of equities analysts recently commented on MDA shares. Stifel Nicolaus raised their target price on MDA Space from C$57.00 to C$70.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group upgraded MDA Space to a “strong-buy” rating in a report on Monday, April 6th. ATB Cormark Capital Markets lowered MDA Space from a “moderate buy” rating to a “hold” rating and increased their price target for the company from C$53.00 to C$67.00 in a research report on Friday, May 29th. Scotia increased their price target on MDA Space from C$53.00 to C$70.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 28th. Finally, Canaccord Genuity Group set a C$56.00 price target on MDA Space and gave the company a “buy” rating in a research report on Wednesday, April 22nd.

MDA Space Stock Performance

Shares of MDA Space stock opened at C$53.51 on Friday. The business has a 50-day moving average of C$47.98 and a 200 day moving average of C$38.18. MDA Space has a 12 month low of C$20.85 and a 12 month high of C$67.90. The stock has a market capitalization of C$7.42 billion, a price-to-earnings ratio of 66.89 and a beta of -0.53. The company has a debt-to-equity ratio of 20.62, a current ratio of 0.80 and a quick ratio of 1.00.

MDA Space (TSE:MDA) last announced its earnings results 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 company had revenue of C$464.10 million during the quarter. As a group, sell-side analysts forecast that MDA Space will post 0.9605084 earnings per share for the current 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.