MDA Space (TSE:MDA) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of MDA Space (TSE:MDA) from an equal weight rating to an overweight rating in a research report report published on Friday morning,BayStreet.CA reports. The firm currently has C$46.00 price objective on the stock, up from their prior price objective of C$32.00.

A number of other brokerages also recently commented on MDA. Stifel Canada raised MDA Space to a “strong-buy” rating in a report on Tuesday, October 7th. Royal Bank Of Canada cut their target price on MDA Space from C$45.00 to C$38.00 in a research report 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. 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. Finally, Scotiabank reduced their price objective on shares of MDA Space from C$43.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$40.50.

MDA Space Stock Performance

MDA Space stock opened at C$36.29 on Friday. MDA Space has a 12-month low of C$19.96 and a 12-month high of C$48.31. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00. The company has a market capitalization of C$4.58 billion, a price-to-earnings ratio of 42.69 and a beta of -1.15. The firm’s fifty day moving average price is C$25.66 and its 200 day moving average price is C$33.52.

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

About MDA Space

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.