Scotiabank Issues Positive Forecast for MDA Space (TSE:MDA) Stock Price

MDA Space (TSE:MDA) had its price objective boosted by equities researchers at Scotiabank from C$38.00 to C$42.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 16.38% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Stifel Canada upgraded MDA Space to a “strong-buy” rating in a report on Tuesday, October 7th. Stifel Nicolaus set a C$48.00 price target on shares of MDA Space and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada cut their target price on shares of MDA Space from C$45.00 to C$38.00 in a research note on Monday, November 17th. BMO Capital Markets decreased their price target on shares of MDA Space from C$36.00 to C$32.00 in a research report on Monday, November 17th. Finally, Morgan Stanley upgraded shares of MDA Space from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from C$32.00 to C$46.00 in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$40.75.

MDA Space Trading Down 3.8%

TSE MDA traded down C$1.41 during trading hours on Wednesday, reaching C$36.09. The company had a trading volume of 1,400,593 shares, compared to its average volume of 1,080,839. The company has a current ratio of 0.83, a quick ratio of 1.00 and a debt-to-equity ratio of 34.94. The stock has a market capitalization of C$4.56 billion, a P/E ratio of 42.46 and a beta of -1.15. The stock has a 50-day moving average of C$26.24 and a 200 day moving average of C$33.52. MDA Space has a 1-year low of C$19.96 and a 1-year high of C$48.31.

MDA Space (TSE:MDA) last released its quarterly earnings results on Friday, November 14th. The company reported C$0.35 earnings per share (EPS) for the quarter. The business had revenue of C$409.80 million for the quarter. MDA Space had a net margin of 7.22% and a return on equity of 6.17%. As a group, research analysts anticipate that MDA Space will post 0.9605084 earnings per share for the current fiscal year.

MDA Space Company Profile

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics.