MDA Space (TSE:MDA) Share Price Breaks Above 50-Day Moving Average – What’s Next?
by Teresa Graham · The Cerbat GemMDA Space Ltd. (TSE:MDA – Get Free Report) shares passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of C$40.70 and traded as high as C$43.65. MDA Space shares last traded at C$43.41, with a volume of 1,905,462 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on MDA shares. Royal Bank Of Canada lowered their price objective on MDA Space from C$60.00 to C$55.00 and set an “outperform” rating for the company in a research note on Monday, October 19th. Canadian Imperial Bank of Commerce cut their target price on MDA Space from C$67.00 to C$59.00 in a research report on Wednesday, July 15th. National Bank Financial set a C$55.00 target price on MDA Space and gave the company an “outperform” rating in a research note on Tuesday, September 15th. Desjardins increased their target price on MDA Space from C$70.00 to C$72.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Finally, ATB Cormark Capital Markets raised shares of MDA Space from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 6th. Three equities research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$63.18.
View Our Latest Stock Report on MDA
MDA Space Trading Up 0.5%
The firm has a market cap of C$7.16 billion, a price-to-earnings ratio of 59.66 and a beta of -0.22. The business’s 50 day moving average price is C$40.87 and its 200-day moving average price is C$44.52. The company has a debt-to-equity ratio of 31.46, a quick ratio of 1.00 and a current ratio of 2.10.
MDA Space (TSE:MDA – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported C$0.37 EPS for the quarter. The business had revenue of C$498.10 million during the quarter. MDA Space had a return on equity of 5.52% and a net margin of 5.73%. Equities analysts expect that MDA Space Ltd. will post 0.96 EPS for the current year.
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.