MDA Space (TSE:MDA) Sets New 12-Month High – Here’s What Happened

MDA Space Ltd. (TSE:MDA)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$60.96 and last traded at C$59.64, with a volume of 55840 shares changing hands. The stock had previously closed at C$56.62.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Jefferies Financial Group upgraded MDA Space to a “strong-buy” rating in a research report on Monday, April 6th. Canadian Imperial Bank of Commerce set a C$57.00 price objective on MDA Space and gave the company an “outperformer” rating in a research report on Thursday, May 14th. Desjardins increased their price objective on MDA Space from C$53.00 to C$55.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Scotiabank upgraded MDA Space to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, Stifel Nicolaus raised their price target on MDA Space from C$48.00 to C$57.00 in a research report on Thursday, March 5th. Four investment analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$51.90.

MDA Space Stock Up 4.9%

The stock has a 50 day simple moving average of C$45.33 and a 200-day simple moving average of C$36.21. The firm has a market cap of C$8.58 billion, a PE ratio of 77.28 and a beta of -0.92. The company has a debt-to-equity ratio of 20.62, a current ratio of 0.80 and a quick ratio of 1.00.

MDA Space (TSE:MDA) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 earnings per share (EPS) for the quarter. The business had revenue of C$464.10 million during the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%. Sell-side analysts predict that MDA Space Ltd. will post 0.9605084 EPS for the current fiscal year.

MDA Space Company Profile

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.