MDA Space (NYSE:MDA) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

MDA Space (NYSE:MDA) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $34.00 to $43.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 13.25% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. Weiss Ratings cut shares of MDA Space from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Canaccord Genuity Group raised shares of MDA Space to a “strong-buy” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada boosted their price objective on shares of MDA Space from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Jefferies Financial Group started coverage on shares of MDA Space in a research report on Monday, April 6th. They set a “buy” rating and a $41.00 price target on the stock. Finally, Canadian Imperial Bank of Commerce started coverage on shares of MDA Space in a research report on Wednesday. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.33.

MDA Space Stock Performance

MDA opened at $37.97 on Thursday. MDA Space has a 12 month low of $23.23 and a 12 month high of $39.66.

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