MDA Space Ltd. (TSE:MDA) Given Consensus Rating of “Buy” by Brokerages

Shares of MDA Space Ltd. (TSE:MDA) have been assigned a consensus rating of “Buy” from the eleven analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$55.00.

MDA has been the subject of a number of recent research reports. Scotiabank raised MDA Space to a “strong-buy” rating in a research report on Thursday, March 19th. Canaccord Genuity Group set a C$56.00 price target on MDA Space and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Jefferies Financial Group upgraded shares of MDA Space to a “strong-buy” rating in a research note on Monday, April 6th. Morgan Stanley increased their price objective on shares of MDA Space from C$51.00 to C$58.00 in a research note on Friday, May 8th. Finally, BMO Capital Markets increased their price objective on shares of MDA Space from C$45.00 to C$50.00 in a research note on Thursday, March 5th.

MDA Space Price Performance

Shares of MDA opened at C$61.48 on Friday. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.00 and a current ratio of 0.80. The stock has a 50 day simple moving average of C$46.53 and a 200 day simple moving average of C$36.97. MDA Space has a 52-week low of C$20.85 and a 52-week high of C$67.90. The firm has a market capitalization of C$8.53 billion, a PE ratio of 76.85 and a beta of -0.92.

MDA Space (TSE:MDA) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 earnings per share (EPS) for the quarter. The business had revenue of C$464.10 million during the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%. Sell-side analysts predict that MDA Space will post 0.9605084 EPS for the current fiscal year.

About MDA Space

Building the space between proven and possible, MDA Space (TSX:MDA; NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that’s been in our DNA since day one.