Macdonald Dettwiler & Associates Ltd (MDA) Receives Average Rating of “Buy” from Analysts
Macdonald Dettwiler & Associates Ltd (TSE:MDA) has received an average recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$87.00.
Several equities research analysts recently weighed in on MDA shares. TD Securities upped their target price on shares of Macdonald Dettwiler & Associates from C$84.00 to C$87.00 in a research note on Tuesday. CIBC increased their price objective on shares of Macdonald Dettwiler & Associates from C$83.00 to C$90.00 in a research report on Friday, October 6th. Canaccord Genuity raised shares of Macdonald Dettwiler & Associates from a “hold” rating to a “buy” rating and increased their price objective for the company from C$70.00 to C$80.00 in a research report on Monday, July 31st. Scotiabank increased their price objective on shares of Macdonald Dettwiler & Associates from C$72.00 to C$78.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. Finally, CSFB increased their price objective on shares of Macdonald Dettwiler & Associates from C$93.00 to C$97.00 and gave the company an “outperform” rating in a research report on Tuesday, August 29th.
Shares of Macdonald Dettwiler & Associates (TSE:MDA) traded up 2.88% during trading on Thursday, reaching $70.73. 654,044 shares of the company traded hands. The firm’s 50 day moving average price is $68.78 and its 200-day moving average price is $67.19. Macdonald Dettwiler & Associates has a 52 week low of $61.80 and a 52 week high of $80.28. The company has a market capitalization of $2.58 billion and a price-to-earnings ratio of 25.26.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.37 dividend. The ex-dividend date was Thursday, September 14th. This is an increase from Macdonald Dettwiler & Associates’s previous quarterly dividend of $0.31. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.09%.
About Macdonald Dettwiler & Associates
MacDonald, Dettwiler and Associates Ltd. (MDA) is a Canada-based communications and information company. The Company provides operational solutions to commercial and government organizations across the world. MDA operates through two segments: Communications segment, and Surveillance and Intelligence segment.
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