MDA Space Ltd. (NYSE:MDA) Given Average Rating of “Moderate Buy” by Brokerages

Shares of MDA Space Ltd. (NYSE:MDA) have received a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $50.6667.

Several brokerages have recently weighed in on MDA. Canadian Imperial Bank of Commerce began coverage on MDA Space in a report on Wednesday, May 13th. They set an “outperform” rating on the stock. Jefferies Financial Group raised MDA Space to a “strong-buy” rating in a report on Wednesday. ATB Cormark Capital Markets lowered MDA Space from a “moderate buy” rating to a “hold” rating in a report on Friday, May 29th. Weiss Ratings lowered MDA Space from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. lifted their price objective on MDA Space from $34.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th.

MDA Space Price Performance

MDA opened at $37.28 on Friday. The firm has a market cap of $5.17 billion and a price-to-earnings ratio of 133.14. The firm has a 50 day simple moving average of $37.07. MDA Space has a 12-month low of $23.23 and a 12-month 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 (EPS) for the quarter, beating 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.