MDA Space (TSE:MDA) Stock Price Up 4.3% – Still a Buy?

MDA Space Ltd. (TSE:MDA)’s stock price rose 4.3% on Wednesday . The company traded as high as C$27.64 and last traded at C$27.63. Approximately 433,958 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 532,898 shares. The stock had previously closed at C$26.49.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MDA. Cormark upped their price objective on shares of MDA Space from C$31.00 to C$38.00 in a research note on Wednesday, December 11th. Scotiabank upped their price target on shares of MDA Space from C$28.50 to C$34.00 in a research report on Monday, March 10th. Canaccord Genuity Group raised their price objective on shares of MDA Space from C$30.00 to C$34.00 in a research note on Friday, December 13th. Finally, Citigroup boosted their target price on shares of MDA Space from C$26.00 to C$30.00 in a research note on Thursday, January 30th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$31.43.

MDA Space Stock Performance

The firm’s fifty day moving average is C$25.54 and its 200 day moving average is C$24.81. The firm has a market capitalization of C$3.37 billion, a price-to-earnings ratio of 49.11 and a beta of 0.02. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00.

MDA Space Company Profile

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.