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

MDA Space Ltd. (NYSE:MDA) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $50.6667.

Several equities analysts have issued reports on MDA shares. Royal Bank Of Canada lifted their price target on shares of MDA Space from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Canaccord Genuity Group upgraded MDA Space to a “strong-buy” rating in a report on Wednesday, April 22nd. Zacks Research raised MDA Space from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. boosted their target price on MDA Space from $34.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, ATB Cormark Capital Markets lowered MDA Space from a “moderate buy” rating to a “hold” rating in a research report on Friday, May 29th.

MDA Space Stock Performance

Shares of MDA Space stock opened at $29.60 on Monday. The stock has a 50 day moving average price of $38.24. MDA Space has a 52-week low of $23.23 and a 52-week high of $49.37. The stock has a market cap of $4.80 billion and a P/E ratio of 105.71.

MDA Space (NYSE:MDA) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05.

About MDA Space

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.