MDA Space (NYSE:MDA) Rating Increased to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of MDA Space (NYSE:MDA) to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group raised MDA Space to a “strong-buy” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. increased their target price on MDA Space from $34.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Royal Bank Of Canada increased their target price on MDA Space from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. ATB Cormark Capital Markets downgraded MDA Space from a “moderate buy” rating to a “hold” rating in a report on Friday, May 29th. Finally, Zacks Research downgraded MDA Space from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, MDA Space has a consensus rating of “Moderate Buy” and a consensus target price of $50.67.

MDA Space Stock Up 0.3%

Shares of NYSE MDA opened at $37.80 on Wednesday. MDA Space has a fifty-two week low of $23.23 and a fifty-two week high of $49.37. The company’s 50 day simple moving average is $36.98.

MDA Space (NYSE:MDA) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, beating 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.