MDA Space (TSE:MDA) Stock Gets Price Target Trim from Royal Bank Of Canada

MDA Space (TSE:MDA) had its price target reduced by Royal Bank Of Canada from C$60.00 to C$55.00 in a report released on Monday,BayStreet reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. Canadian Imperial Bank of Commerce dropped their target price on MDA Space from C$67.00 to C$59.00 in a report on Wednesday, July 15th. BMO Capital Markets boosted their price target on MDA Space from C$53.00 to C$68.00 and gave the company an “outperform” rating in a research note on Monday, June 22nd. Stifel Nicolaus upped their price target on MDA Space from C$70.00 to C$75.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Scotiabank increased their price objective on MDA Space from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a research note on Monday, June 22nd. Finally, Canaccord Genuity Group dropped their price objective on 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. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, MDA Space presently has a consensus rating of “Buy” and an average target price of C$63.18.

MDA Space Price Performance

Shares of MDA Space stock opened at C$40.46 on Monday. The firm has a market cap of C$6.56 billion, a P/E ratio of 51.22 and a beta of -0.07. The firm’s 50-day simple moving average is C$41.91 and its 200-day simple moving average is C$47.03. MDA Space has a twelve month low of C$20.85 and a twelve month high of C$67.90. The company has a debt-to-equity ratio of 20.01, a quick ratio of 1.00 and a current ratio of 0.75.

MDA Space (TSE:MDA) last posted its quarterly earnings results on Friday, August 7th. The company reported C$0.36 earnings per share (EPS) for the quarter. The firm had revenue of C$498.60 million during the quarter. MDA Space had a net margin of 5.66% and a return on equity of 6.60%. As a group, research analysts expect that MDA Space will post 0.96 EPS for the current fiscal 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.