Scotia Issues Positive Forecast for MDA Space (TSE:MDA) Stock Price

MDA Space (TSE:MDA) had its price objective boosted by research analysts at Scotia from C$53.00 to C$70.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “sector outperform” rating on the stock. Scotia’s target price indicates a potential upside of 3.49% from the company’s previous close.

Several other research analysts have also commented on the company. Stifel Nicolaus raised their price objective on MDA Space from C$48.00 to C$57.00 in a research report on Thursday, March 5th. Desjardins raised their price objective on MDA Space from C$53.00 to C$55.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Morgan Stanley raised their target price on MDA Space from C$51.00 to C$58.00 in a research note on Friday, May 8th. Scotiabank upgraded MDA Space to a “strong-buy” rating in a research note on Thursday, March 19th. Finally, BMO Capital Markets raised their target price on MDA Space from C$45.00 to C$50.00 in a research note on Thursday, March 5th. Four equities research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$53.60.

MDA Space Stock Up 5.5%

TSE:MDA traded up C$3.54 during mid-day trading on Thursday, hitting C$67.64. The company had a trading volume of 851,776 shares, compared to its average volume of 1,142,447. The business has a fifty day simple moving average of C$45.75 and a 200-day simple moving average of C$36.49. The company has a current ratio of 0.80, a quick ratio of 1.00 and a debt-to-equity ratio of 20.62. MDA Space has a 1 year low of C$20.85 and a 1 year high of C$67.74. The firm has a market capitalization of C$9.39 billion, a price-to-earnings ratio of 84.55 and a beta of -0.92.

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

MDA Space Company Profile

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.