MDA Space (NYSE:MDA) Upgraded to Hold at Zacks Research

MDA Space (NYSE:MDA) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

A number of other research analysts also recently weighed in on MDA. Royal Bank Of Canada raised their price target 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. Weiss Ratings cut shares of MDA Space from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 12th. ATB Cormark Capital Markets downgraded shares of MDA Space from a “moderate buy” rating to a “hold” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. raised their target price on MDA Space from $34.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Finally, Jefferies Financial Group raised MDA Space to a “strong-buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.67.

MDA Space Trading Down 8.7%

Shares of NYSE MDA opened at $37.28 on Thursday. The company has a market cap of $5.17 billion and a PE ratio of 133.14. The firm has a 50 day moving average price of $37.07. MDA Space has a 52 week low of $23.23 and a 52 week high of $49.37.

MDA Space (NYSE:MDA) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05.

About MDA Space

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.