MDA Space (NYSE:MDA) Upgraded at Jefferies Financial Group

MDA Space (NYSE:MDA) was upgraded by equities research analysts at Jefferies Financial Group to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Zacks Research downgraded shares of MDA Space from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce began coverage on shares of MDA Space in a report on Wednesday, May 13th. They issued an “outperform” rating for the company. Canaccord Genuity Group upgraded shares of MDA Space to a “strong-buy” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their target price on shares of MDA Space from $34.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Finally, Royal Bank Of Canada lifted their target price on shares of MDA Space from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $50.67.

MDA Space Price Performance

Shares of NYSE MDA opened at $37.80 on Wednesday. The business’s 50 day moving average price is $36.98. MDA Space has a 1 year low of $23.23 and a 1 year high of $49.37.

MDA Space (NYSE:MDA) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05.

MDA Space Company Profile

MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.