MDA Space (TSE:MDA) Upgraded by Jefferies Financial Group to Strong-Buy Rating

Jefferies Financial Group upgraded shares of MDA Space (TSE:MDA) to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

Several other research firms also recently weighed in on MDA. Morgan Stanley upgraded MDA Space from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from C$32.00 to C$46.00 in a research note on Friday, January 16th. BMO Capital Markets upped their target price on MDA Space from C$45.00 to C$50.00 in a research note on Thursday, March 5th. Canaccord Genuity Group upped their target price on MDA Space from C$37.00 to C$51.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Stifel Nicolaus upped their target price on MDA Space from C$48.00 to C$57.00 in a research note on Thursday, March 5th. Finally, Desjardins upped their target price on MDA Space from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Three analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$47.88.

MDA Space Stock Down 1.6%

MDA Space stock opened at C$39.78 on Monday. The company has a debt-to-equity ratio of 30.34, a quick ratio of 1.00 and a current ratio of 0.47. The business’s 50-day simple moving average is C$39.20 and its two-hundred day simple moving average is C$32.87. The company has a market cap of C$5.43 billion, a PE ratio of 47.36 and a beta of -0.78. MDA Space has a fifty-two week low of C$20.85 and a fifty-two week high of C$48.31.

MDA Space (TSE:MDA) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C$0.45 earnings per share for the quarter. The business had revenue of C$499.10 million for the quarter. MDA Space had a return on equity of 8.38% and a net margin of 6.64%. Equities analysts anticipate that MDA Space will post 0.9605084 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.