MDA Space Ltd. (TSE:MDA) Receives Consensus Recommendation of “Buy” from Brokerages

MDA Space Ltd. (TSE:MDA) has been assigned an average rating of “Buy” from the nine brokerages that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$47.88.

Several research analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of MDA Space from C$48.00 to C$57.00 in a report on Thursday, March 5th. Desjardins upped their target price on shares of MDA Space from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Morgan Stanley upgraded shares of MDA Space from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from C$32.00 to C$46.00 in a research report on Friday, January 16th. ATB Cormark Capital Markets lowered their target price on shares of MDA Space from C$61.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. Finally, Canaccord Genuity Group upped their target price on shares of MDA Space from C$37.00 to C$51.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th.

MDA Space Trading Up 3.0%

TSE MDA opened at C$47.57 on Friday. The stock has a market capitalization of C$6.49 billion, a P/E ratio of 56.63 and a beta of -0.78. MDA Space has a 52-week low of C$20.85 and a 52-week high of C$48.31. The firm has a 50-day moving average price of C$39.77 and a 200 day moving average price of C$33.30. The company has a quick ratio of 1.00, a current ratio of 0.47 and a debt-to-equity ratio of 30.34.

MDA Space (TSE:MDA) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C$0.45 earnings per share (EPS) for the quarter. The firm had revenue of C$499.10 million during the quarter. MDA Space had a net margin of 6.64% and a return on equity of 8.38%. Equities research analysts expect that MDA Space will post 0.9605084 EPS for the current 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.