MDA Space (TSE:MDA) Price Target Raised to C$42.00

by · The Cerbat Gem

MDA Space (TSE:MDA – Free Report) had its price target lifted by Scotiabank from C$38.00 to C$42.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

MDA has been the topic of a number of other reports. Royal Bank Of Canada cut their price target on shares of MDA Space from C$45.00 to C$38.00 in a research report on Monday, November 17th. Morgan Stanley raised shares of MDA Space from an “equal weight” rating to an “overweight” rating and upped their target price for the company from C$32.00 to C$46.00 in a research note on Friday, January 16th. Stifel Nicolaus set a C$48.00 target price on shares of MDA Space and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, BMO Capital Markets reduced their price target on shares of MDA Space from C$36.00 to C$32.00 in a research report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to MarketBeat, MDA Space presently has an average rating of “Buy” and a consensus price target of C$40.75.

Read Our Latest Analysis on MDA Space

MDA Space Stock Up 0.4%

TSE:MDA opened at C$36.70 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. MDA Space has a 12-month low of C$19.96 and a 12-month high of C$48.31. The stock’s fifty day simple moving average is C$27.12 and its 200-day simple moving average is C$33.57. The firm has a market capitalization of C$4.63 billion, a P/E ratio of 43.18 and a beta of -1.15.

MDA Space (TSE:MDA – Get Free Report) last released its quarterly earnings data on Friday, November 14th. The company reported C$0.35 EPS for the quarter. MDA Space had a return on equity of 6.17% and a net margin of 7.22%.The business had revenue of C$409.80 million during the quarter. Equities research analysts expect that MDA Space will post 0.9605084 earnings per share for the current year.

MDA Space Company Profile

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MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics.

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