MDA Space (NYSE:MDA) Upgraded at Jefferies Financial Group

MDA Space (NYSE:MDA) was upgraded by investment analysts at Jefferies Financial Group to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Canadian Imperial Bank of Commerce initiated coverage on shares of MDA Space in a research note on Wednesday, May 13th. They issued an “outperform” rating on the stock. Zacks Research lowered shares of MDA Space from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Canaccord Genuity Group raised shares of MDA Space to a “strong-buy” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. raised their target price on shares of MDA Space from $34.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, ATB Cormark Capital Markets lowered shares of MDA Space from a “moderate buy” rating to a “hold” rating in a research note on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.67.

MDA Space Stock Performance

MDA opened at $37.80 on Wednesday. The business has a 50 day simple moving average of $36.98. MDA Space has a 1-year low of $23.23 and a 1-year high of $49.37.

MDA Space (NYSE:MDA) last released its earnings results on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05.

MDA Space Company Profile

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.