MDA Space (TSE:MDA) Given a C$56.00 Price Target by Canaccord Genuity Group Analysts

Canaccord Genuity Group set a C$56.00 price objective on MDA Space (TSE:MDA) in a research report report published on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

MDA has been the subject of a number of other reports. BMO Capital Markets upped their target price on shares of MDA Space from C$45.00 to C$50.00 in a report on Thursday, March 5th. Morgan Stanley raised shares of MDA Space from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from C$32.00 to C$46.00 in a research note on Friday, January 16th. Jefferies Financial Group raised shares of MDA Space to a “strong-buy” rating in a research note on Monday, April 6th. ATB Cormark Capital Markets reduced their price objective on shares of MDA Space from C$61.00 to C$46.00 and set an “outperform” rating for the company in a research note on Wednesday, March 25th. Finally, Desjardins increased their price objective on shares of MDA Space from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Three equities research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat.com, MDA Space currently has a consensus rating of “Buy” and a consensus price target of C$48.50.

MDA Space Stock Up 2.3%

Shares of MDA stock opened at C$47.28 on Wednesday. MDA Space has a 12 month low of C$20.85 and a 12 month high of C$50.98. The stock has a market cap of C$6.51 billion, a P/E ratio of 56.29 and a beta of -0.78. The company has a current ratio of 0.47, a quick ratio of 1.00 and a debt-to-equity ratio of 30.34. The company has a 50 day simple moving average of C$40.98 and a two-hundred day simple moving average of C$33.74.

MDA Space (TSE:MDA) last announced its earnings results on Wednesday, March 4th. The company reported C$0.45 EPS for the quarter. MDA Space had a net margin of 6.64% and a return on equity of 8.38%. The business had revenue of C$499.10 million during the quarter. On average, research analysts expect 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.