MDA Space Ltd. (TSE:MDA) Stock Has Average Target Price of C$63.18 According to Analysts

MDA Space Ltd. (TSE:MDA) has earned an average rating of “Buy” from the twelve ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$63.18.

Several research firms have weighed in on MDA. National Bank Financial set a C$55.00 price target on MDA Space and gave the company an “outperform” rating in a research note on Tuesday, September 15th. Canadian Imperial Bank of Commerce reduced their price objective on MDA Space from C$67.00 to C$59.00 in a research note on Wednesday, July 15th. Canaccord Genuity Group decreased their target price on MDA Space from C$65.00 to C$64.00 and set a “buy” rating for the company in a report on Monday, August 10th. Desjardins upped their target price on MDA Space from C$70.00 to C$72.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Finally, ATB Cormark Capital Markets dropped their target price on MDA Space from C$51.00 to C$48.00 and set a “sector perform” rating on the stock in a research report on Monday, August 10th.

MDA Space Stock Performance

MDA opened at C$41.10 on Wednesday. MDA Space has a 52-week low of C$20.85 and a 52-week high of C$67.90. The company has a quick ratio of 1.00, a current ratio of 0.75 and a debt-to-equity ratio of 20.01. The company has a market cap of C$6.66 billion, a P/E ratio of 52.03 and a beta of -0.07. The firm’s 50-day moving average price is C$41.31 and its 200-day moving average price is C$44.14.

MDA Space (TSE:MDA) last posted 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 net margin of 5.66% and a return on equity of 6.60%. The business had revenue of C$498.60 million during the quarter. As a group, equities analysts anticipate that MDA Space will post 0.96 EPS 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.