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

MDA Space Ltd. (NYSE:MDA) has been given a consensus rating of “Moderate Buy” by the nine analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $50.6667.

Several equities research analysts have recently commented on the stock. Weiss Ratings lowered shares of MDA Space from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, July 20th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of MDA Space in a research note on Monday, June 22nd. Royal Bank Of Canada lifted their price objective on shares of MDA Space from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Monday, May 11th. JPMorgan Chase & Co. boosted their price objective on shares of MDA Space from $34.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, Scotiabank restated an “outperform” rating on shares of MDA Space in a report on Monday, June 22nd.

MDA Space Stock Performance

Shares of MDA Space stock opened at $29.60 on Monday. The company’s fifty day moving average price is $38.24. The stock has a market capitalization of $4.80 billion and a price-to-earnings ratio of 105.71. MDA Space has a 12 month low of $23.23 and a 12 month high of $49.37.

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.

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.