MDA Space (TSE:MDA) PT Set at C$57.00 by Canadian Imperial Bank of Commerce

MDA Space (TSE:MDA) has been assigned a C$57.00 price objective by equities researchers at Canadian Imperial Bank of Commerce in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s price target points to a potential upside of 9.28% from the company’s current price.

Other equities analysts also recently issued reports about the company. Scotia raised their price target on MDA Space from C$49.00 to C$53.00 and gave the company a “sector outperform” rating in a report on Friday, May 8th. BMO Capital Markets raised their price target on MDA Space from C$45.00 to C$50.00 in a report on Thursday, March 5th. Jefferies Financial Group upgraded MDA Space to a “strong-buy” rating in a report on Monday, April 6th. Canaccord Genuity Group set a C$56.00 price target on MDA Space and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Stifel Nicolaus raised their price target on MDA Space from C$48.00 to C$57.00 in a report on Thursday, March 5th. Four research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$51.90.

MDA Space Price Performance

Shares of TSE:MDA opened at C$52.16 on Thursday. MDA Space has a 1-year low of C$20.85 and a 1-year high of C$54.40. The company has a debt-to-equity ratio of 20.62, a current ratio of 0.80 and a quick ratio of 1.00. The business has a fifty day moving average price of C$43.33 and a 200-day moving average price of C$34.84. The company has a market capitalization of C$7.24 billion, a PE ratio of 65.20 and a beta of -0.92.

MDA Space (TSE:MDA) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.38 earnings per share for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%.The firm had revenue of C$464.10 million during the quarter. As a group, equities analysts expect that MDA Space will post 0.9605084 EPS 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.