MDA Space (TSE:MDA) Upgraded at Jefferies Financial Group

MDA Space (TSE:MDA) was upgraded by investment analysts at Jefferies Financial Group to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus boosted their price objective on MDA Space from C$48.00 to C$57.00 in a report on Thursday, March 5th. Canaccord Genuity Group boosted their price objective on MDA Space from C$37.00 to C$51.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Morgan Stanley upgraded MDA Space from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from C$32.00 to C$46.00 in a report on Friday, January 16th. ATB Cormark Capital Markets decreased their price objective on MDA Space from C$61.00 to C$46.00 and set an “outperform” rating for the company in a report on Wednesday, March 25th. Finally, Scotiabank upgraded MDA Space to a “strong-buy” rating in a report on Thursday, March 19th. Three analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$47.88.

MDA Space Trading Down 1.6%

TSE MDA opened at C$39.78 on Monday. The company has a market cap of C$5.43 billion, a price-to-earnings ratio of 47.36 and a beta of -0.78. MDA Space has a 52 week low of C$20.85 and a 52 week high of C$48.31. The business has a 50 day moving average price of C$39.20 and a 200-day moving average price of C$32.87. The company has a quick ratio of 1.00, a current ratio of 0.47 and a debt-to-equity ratio of 30.34.

MDA Space (TSE:MDA) last released its quarterly earnings data on Wednesday, March 4th. The company reported C$0.45 EPS for the quarter. The firm had revenue of C$499.10 million during the quarter. MDA Space had a return on equity of 8.38% and a net margin of 6.64%. As a group, equities analysts expect that MDA Space will post 0.9605084 earnings per share for the current fiscal year.

About MDA Space

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.