MDA Space Ltd. (TSE:MDA) Stock Has Consensus Target Price of C$63.64

MDA Space Ltd. (TSE:MDA) has received a consensus rating of “Buy” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$63.64.

MDA has been the subject of a number of analyst reports. Jefferies Financial Group upgraded MDA Space to a “strong-buy” rating in a report on Wednesday, June 10th. Stifel Nicolaus boosted their price target on MDA Space from C$70.00 to C$75.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. National Bank Financial set a C$55.00 price objective on MDA Space and gave the stock an “outperform” rating in a research note on Tuesday, September 15th. Canaccord Genuity Group dropped their price objective on MDA Space from C$65.00 to C$64.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Finally, BMO Capital Markets lifted their target price on MDA Space from C$53.00 to C$68.00 and gave the company an “outperform” rating in a research note on Monday, June 22nd.

MDA Space Stock Performance

MDA stock opened at C$42.05 on Friday. The company has a debt-to-equity ratio of 20.01, a current ratio of 0.75 and a quick ratio of 1.00. The business has a 50-day moving average price of C$43.17 and a 200 day moving average price of C$46.95. The company has a market capitalization of C$6.81 billion, a P/E ratio of 53.23 and a beta of -0.19. MDA Space has a 1-year low of C$20.85 and a 1-year high of C$67.90.

MDA Space (TSE:MDA) last issued its 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 company had revenue of C$498.60 million for the quarter. As a group, equities research analysts forecast that MDA Space will post 0.9605084 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.