MDA Space Ltd. (NYSE:MDA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

MDA Space Ltd. (NYSE:MDA) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $50.6667.

Several equities research analysts have commented on MDA shares. Royal Bank Of Canada raised their price target on shares of MDA Space from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. raised their target price on MDA Space from $34.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Jefferies Financial Group raised MDA Space to a “strong-buy” rating in a research note on Wednesday, June 10th. Scotiabank reiterated an “outperform” rating on shares of MDA Space in a research report on Monday, June 22nd. Finally, Zacks Research upgraded shares of MDA Space from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th.

MDA Space Price Performance

MDA stock opened at $39.52 on Thursday. The company has a market capitalization of $5.49 billion and a PE ratio of 141.14. MDA Space has a 1 year low of $23.23 and a 1 year high of $49.37. The company has a fifty day moving average of $38.06.

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

About MDA Space

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.