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

MDA Space Ltd. (NYSE:MDA) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $50.6667.

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on MDA Space from $34.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Royal Bank Of Canada lifted their price target on MDA Space from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Zacks Research raised shares of MDA Space from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of MDA Space in a report on Monday, June 22nd. Finally, Jefferies Financial Group raised shares of MDA Space to a “strong-buy” rating in a research report on Wednesday, June 10th.

MDA Space Price Performance

NYSE MDA opened at $39.52 on Thursday. MDA Space has a 12 month low of $23.23 and a 12 month high of $49.37. The company has a market cap of $5.49 billion and a P/E ratio of 141.14. The stock has a 50 day simple moving average of $38.06.

MDA Space (NYSE:MDA) last issued its earnings results on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, topping 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.