MDA Space Ltd. (TSE:MDA) Stock Has Average Price Target of C$63.64

MDA Space Ltd. (TSE:MDA) has been assigned an average rating of “Buy” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$63.64.

MDA has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of MDA Space to a “strong-buy” rating in a report on Wednesday, June 10th. BMO Capital Markets raised their target price 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. Canadian Imperial Bank of Commerce dropped their target price on MDA Space from C$67.00 to C$59.00 in a research report on Wednesday, July 15th. Canaccord Genuity Group cut their price target on MDA Space from C$65.00 to C$64.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Finally, National Bank Financial set a C$55.00 price target on MDA Space and gave the company an “outperform” rating in a report on Tuesday, September 15th.

MDA Space Stock Down 3.7%

Shares of TSE:MDA opened at C$41.34 on Friday. The company has a quick ratio of 1.00, a current ratio of 0.75 and a debt-to-equity ratio of 20.01. MDA Space has a 52-week low of C$20.85 and a 52-week high of C$67.90. The company has a 50 day moving average of C$43.20 and a two-hundred day moving average of C$46.90. The company has a market capitalization of C$6.70 billion, a price-to-earnings ratio of 52.33 and a beta of -0.07.

MDA Space (TSE:MDA) last posted its earnings results on Friday, August 7th. The company reported C$0.36 EPS for the quarter. The business had revenue of C$498.60 million for the quarter. MDA Space had a net margin of 5.66% and a return on equity of 6.60%. As a group, analysts forecast that MDA Space will post 0.9605084 earnings per share 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.