MDA Space (TSE:MDA) Stock Price Expected to Rise, Scotiabank Analyst Says

MDA Space (TSE:MDA) had its price objective boosted by equities researchers at Scotiabank from C$38.00 to C$42.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 16.38% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Morgan Stanley upgraded shares of MDA Space from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from C$32.00 to C$46.00 in a research note on Friday, January 16th. Stifel Canada raised MDA Space to a “strong-buy” rating in a research report on Tuesday, October 7th. BMO Capital Markets reduced their price target on MDA Space from C$36.00 to C$32.00 in a research report on Monday, November 17th. Stifel Nicolaus set a C$48.00 price objective on MDA Space and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada dropped their price objective on MDA Space from C$45.00 to C$38.00 in a research report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to MarketBeat, MDA Space currently has a consensus rating of “Buy” and a consensus price target of C$40.75.

MDA Space Stock Down 3.8%

Shares of MDA traded down C$1.41 during midday trading on Wednesday, reaching C$36.09. 1,400,593 shares of the stock were exchanged, compared to its average volume of 1,080,839. The company has a market capitalization of C$4.56 billion, a P/E ratio of 42.46 and a beta of -1.15. The company has a current ratio of 0.83, a quick ratio of 1.00 and a debt-to-equity ratio of 34.94. MDA Space has a 52 week low of C$19.96 and a 52 week high of C$48.31. The company’s 50 day moving average is C$26.24 and its two-hundred day moving average is C$33.52.

MDA Space (TSE:MDA) last issued its earnings results on Friday, November 14th. The company reported C$0.35 earnings per share (EPS) for the quarter. The company had revenue of C$409.80 million for the quarter. MDA Space had a net margin of 7.22% and a return on equity of 6.17%. On average, sell-side analysts anticipate that MDA Space will post 0.9605084 earnings per share for the current year.

About MDA Space

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.