MDA Space (TSE:MDA) Price Target Raised to C$70.00 at Stifel Nicolaus

MDA Space (TSE:MDA) had its target price increased by equities research analysts at Stifel Nicolaus from C$57.00 to C$70.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 21.70% from the stock’s current price.

Several other research firms have also commented on MDA. Canaccord Genuity Group set a C$56.00 price objective on shares of MDA Space and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Morgan Stanley increased their price objective on shares of MDA Space from C$51.00 to C$58.00 in a research report on Friday, May 8th. ATB Cormark Capital Markets lowered shares of MDA Space from a “moderate buy” rating to a “hold” rating and increased their price objective for the company from C$53.00 to C$67.00 in a research report on Friday, May 29th. Jefferies Financial Group upgraded shares of MDA Space to a “strong-buy” rating in a research report on Monday, April 6th. Finally, Scotia increased their price objective on shares of MDA Space from C$53.00 to C$70.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 28th. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, MDA Space has an average rating of “Buy” and a consensus price target of C$56.30.

MDA Space Price Performance

Shares of TSE:MDA traded up C$1.68 during midday trading on Thursday, reaching C$57.52. 801,431 shares of the company were exchanged, compared to its average volume of 1,169,529. The company has a current ratio of 0.80, a quick ratio of 1.00 and a debt-to-equity ratio of 20.62. The business’s fifty day moving average is C$47.35 and its two-hundred day moving average is C$37.83. MDA Space has a one year low of C$20.85 and a one year high of C$67.90. The stock has a market cap of C$7.98 billion, a PE ratio of 71.90 and a beta of -0.92.

MDA Space (TSE:MDA) last issued its earnings results on Thursday, May 7th. The company reported C$0.38 earnings per share for the quarter. MDA Space had a net margin of 6.02% and a return on equity of 7.24%. The firm 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.