MDA Space Ltd. (TSE:MDA) Receives Consensus Recommendation of “Buy” from Brokerages

by · The Markets Daily

MDA Space Ltd. (TSE:MDA – Get Free Report) has received a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$64.50.

A number of brokerages have issued reports on MDA. Desjardins raised their target price on shares of MDA Space from C$70.00 to C$72.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Canadian Imperial Bank of Commerce lowered their target price on MDA Space from C$67.00 to C$59.00 in a report on Wednesday, July 15th. Stifel Nicolaus raised their price target on MDA Space from C$70.00 to C$75.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Scotiabank boosted their price objective on MDA Space from C$70.00 to C$71.00 and gave the company a “sector outperform” rating in a research report on Monday, June 22nd. Finally, Jefferies Financial Group upgraded MDA Space to a “strong-buy” rating in a research report on Wednesday, June 10th.

View Our Latest Analysis on MDA Space

MDA Space Trading Up 0.0%

TSE MDA opened at C$40.14 on Tuesday. MDA Space has a one year low of C$20.85 and a one year high of C$67.90. The company has a 50-day simple moving average of C$44.21 and a 200-day simple moving average of C$46.85. The company has a debt-to-equity ratio of 20.01, a quick ratio of 1.00 and a current ratio of 0.75. The firm has a market capitalization of C$6.51 billion, a PE ratio of 50.81 and a beta of -0.19.

MDA Space Company Profile

(Get Free Report)

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.

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