MDA Space (NYSE:MDA – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05, Zacks reports.
MDA Space Trading Up 0.9%
Shares of MDA traded up $0.31 during midday trading on Friday, hitting $34.56. 562,150 shares of the company traded hands, compared to its average volume of 748,796. MDA Space has a one year low of $23.23 and a one year high of $37.45.
Analyst Ratings Changes
A number of equities analysts recently weighed in on MDA shares. Canaccord Genuity Group raised shares of MDA Space to a “strong-buy” rating in a report on Wednesday, April 22nd. Jefferies Financial Group started coverage on shares of MDA Space in a report on Monday, April 6th. They issued a “buy” rating and a $41.00 price target on the stock. Weiss Ratings started coverage on shares of MDA Space in a report on Wednesday, April 8th. They set a “buy (b-)” rating on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of MDA Space in a report on Monday, April 6th. They set an “overweight” rating and a $34.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $37.50.
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.
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