MDA Space Ltd. (NYSE:MDA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of MDA Space Ltd. (NYSE:MDA) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $50.6667.

A number of equities analysts have commented on the company. Weiss Ratings cut MDA Space from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. Zacks Research cut MDA Space from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada lifted their price target on MDA Space from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. lifted their price target on MDA Space from $34.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce initiated coverage on MDA Space in a research note on Wednesday, May 13th. They issued an “outperform” rating on the stock.

MDA Space Stock Down 6.6%

NYSE:MDA opened at $38.39 on Friday. MDA Space has a 1-year low of $23.23 and a 1-year high of $49.37.

MDA Space (NYSE:MDA) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05.

MDA Space Company Profile

MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.