MDA Space (TSE:MDA) Upgraded by National Bank Financial to “Strong-Buy” Rating

MDA Space (TSE:MDA) was upgraded by analysts at National Bank Financial to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

A number of other analysts have also recently commented on the company. Canadian Imperial Bank of Commerce reduced their price objective on MDA Space from C$67.00 to C$59.00 in a research report on Wednesday, July 15th. Stifel Nicolaus raised their target price on MDA Space from C$70.00 to C$75.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Jefferies Financial Group upgraded MDA Space to a “strong-buy” rating in a research note on Wednesday, June 10th. Canaccord Genuity Group reduced their price target on shares of MDA Space from C$65.00 to C$64.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Finally, Scotia increased their price objective on shares of MDA Space from C$53.00 to C$70.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$63.64.

MDA Space Stock Performance

MDA stock opened at C$40.25 on Monday. The company has a market cap of C$6.52 billion, a P/E ratio of 50.95 and a beta of -0.19. MDA Space has a 1 year low of C$20.85 and a 1 year high of C$67.90. The company has a debt-to-equity ratio of 20.01, a current ratio of 0.75 and a quick ratio of 1.00. The stock’s fifty day moving average price is C$43.88 and its 200-day moving average price is C$46.86.

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.