MDA Space Ltd. (TSE:MDA) Stock Has Average Target Price of C$63.18

Shares of MDA Space Ltd. (TSE:MDA) have earned a consensus rating of “Buy” from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$63.18.

Several research analysts recently weighed in on the stock. National Bank Financial set a C$55.00 price objective on shares of MDA Space and gave the stock an “outperform” rating in a research report on Tuesday, September 15th. Desjardins lifted their target price on shares of MDA Space from C$70.00 to C$72.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. ATB Cormark Capital Markets dropped their target price on shares of MDA Space from C$51.00 to C$48.00 and set a “sector perform” rating for the company in a research report on Monday, August 10th. Royal Bank Of Canada cut their price target on shares of MDA Space from C$60.00 to C$55.00 and set an “outperform” rating for the company in a research note on Monday, October 19th. Finally, Canaccord Genuity Group cut their price target on shares of MDA Space from C$65.00 to C$64.00 and set a “buy” rating for the company in a research note on Monday, August 10th.

MDA Space Price Performance

Shares of TSE MDA opened at C$38.30 on Wednesday. The firm has a market capitalization of C$6.21 billion, a P/E ratio of 48.48 and a beta of -0.07. The company has a quick ratio of 1.00, a current ratio of 0.75 and a debt-to-equity ratio of 20.01. The stock’s 50-day simple moving average is C$40.82 and its two-hundred day simple moving average is C$44.37. MDA Space has a twelve month low of C$20.85 and a twelve month high of C$67.90.

MDA Space (TSE:MDA) last released its quarterly earnings results on Friday, August 7th. The company reported C$0.36 earnings per share for the quarter. The firm had revenue of C$498.60 million for the quarter. MDA Space had a return on equity of 6.60% and a net margin of 5.66%. As a group, equities analysts anticipate that MDA Space will post 0.96 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.