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

Shares of MDA Space Ltd. (TSE:MDA) have been given a consensus recommendation of “Buy” by the eleven brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and four have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$55.00.

MDA has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on MDA Space from C$51.00 to C$58.00 in a research note on Friday, May 8th. Canaccord Genuity Group set a C$56.00 price target on MDA Space and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Stifel Nicolaus boosted their price target on MDA Space from C$48.00 to C$57.00 in a research note on Thursday, March 5th. Scotiabank upgraded shares of MDA Space to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, Jefferies Financial Group upgraded shares of MDA Space to a “strong-buy” rating in a research report on Monday, April 6th.

MDA Space Trading Down 8.4%

Shares of MDA stock opened at C$61.48 on Friday. MDA Space has a 12-month low of C$20.85 and a 12-month high of C$67.90. The company has a quick ratio of 1.00, a current ratio of 0.80 and a debt-to-equity ratio of 20.62. The company has a market capitalization of C$8.53 billion, a PE ratio of 76.85 and a beta of -0.92. The firm has a 50 day moving average price of C$46.53 and a two-hundred day moving average price of C$36.97.

MDA Space (TSE:MDA) last posted its 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 company had revenue of C$464.10 million during the quarter. As a group, analysts predict that MDA Space will post 0.9605084 earnings per share for the current 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.