MDA Space Ltd. (TSE:MDA) Stock Has Average Price Target of C$63.64

Shares of MDA Space Ltd. (TSE:MDA) have earned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$63.64.

MDA has been the topic of a number of research reports. Desjardins upped their target price on MDA Space from C$70.00 to C$72.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Canadian Imperial Bank of Commerce reduced their price target on shares of MDA Space from C$67.00 to C$59.00 in a research report on Wednesday, July 15th. Scotiabank boosted their price target on shares of MDA Space from C$70.00 to C$71.00 and gave the company a “sector outperform” rating in a research note on Monday, June 22nd. Canaccord Genuity Group lowered their price objective on shares of MDA Space from C$65.00 to C$64.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Finally, National Bank Financial set a C$55.00 price objective on shares of MDA Space and gave the company an “outperform” rating in a research note on Tuesday, September 15th.

MDA Space Stock Performance

Shares of MDA Space stock opened at C$40.18 on Friday. MDA Space has a one year low of C$20.85 and a one year high of C$67.90. The firm has a market capitalization of C$6.51 billion, a price-to-earnings ratio of 50.86 and a beta of -0.07. The business has a 50-day simple moving average of C$43.09 and a 200 day simple moving average of C$46.83. The company has a debt-to-equity ratio of 20.01, a current ratio of 0.75 and a quick ratio of 1.00.

MDA Space (TSE:MDA) last announced its quarterly earnings results on Friday, August 7th. The company reported C$0.36 earnings per share (EPS) for the quarter. MDA Space had a return on equity of 6.60% and a net margin of 5.66%. The business had revenue of C$498.60 million for the quarter. On average, research analysts anticipate that MDA Space will post 0.96 earnings per share for the current fiscal 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.