ATB Cormark Capital Markets Has Lowered Expectations for MDA Space (TSE:MDA) Stock Price

MDA Space (TSE:MDA) had its price target dropped by investment analysts at ATB Cormark Capital Markets from C$61.00 to C$46.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target points to a potential upside of 24.49% from the company’s current price.

A number of other analysts also recently issued reports on MDA. Scotiabank raised shares of MDA Space to a “strong-buy” rating in a report on Thursday, March 19th. Canaccord Genuity Group increased their target price on MDA Space from C$37.00 to C$51.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. BMO Capital Markets raised their price target on MDA Space from C$45.00 to C$50.00 in a research report on Thursday, March 5th. Stifel Nicolaus lifted their price target on MDA Space from C$48.00 to C$57.00 in a research note on Thursday, March 5th. Finally, Morgan Stanley upgraded MDA Space from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from C$32.00 to C$46.00 in a report on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat, MDA Space currently has an average rating of “Buy” and a consensus target price of C$47.88.

MDA Space Stock Down 3.9%

Shares of TSE MDA opened at C$36.95 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 1.00 and a debt-to-equity ratio of 30.34. The business has a 50-day moving average of C$39.25 and a 200-day moving average of C$32.60. The firm has a market capitalization of C$5.04 billion, a price-to-earnings ratio of 43.99 and a beta of -1.20. MDA Space has a 12 month low of C$20.85 and a 12 month high of C$48.31.

MDA Space (TSE:MDA) last announced its earnings results on Wednesday, March 4th. The company reported C$0.45 earnings per share (EPS) for the quarter. MDA Space had a net margin of 6.64% and a return on equity of 8.38%. The business had revenue of C$499.10 million during the quarter. Sell-side analysts expect 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.