MDA Space (TSE:MDA) Rating Increased to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of MDA Space (TSE:MDA) from an equal weight rating to an overweight rating in a research note issued to investors on Friday morning,BayStreet.CA reports. They currently have C$46.00 price objective on the stock, up from their prior price objective of C$32.00.

Other analysts have also recently issued reports about the company. Scotiabank decreased their price objective on MDA Space from C$43.00 to C$40.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Royal Bank Of Canada cut their price target on MDA Space from C$45.00 to C$38.00 in a research note on Monday, November 17th. Stifel Canada upgraded shares of MDA Space to a “strong-buy” rating in a research report on Tuesday, October 7th. BMO Capital Markets cut their price objective on shares of MDA Space from C$36.00 to C$32.00 in a research report on Monday, November 17th. Finally, Stifel Nicolaus set a C$48.00 target price on shares of MDA Space and gave the stock a “buy” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat, MDA Space has a consensus rating of “Buy” and a consensus price target of C$40.50.

MDA Space Stock Up 14.5%

Shares of TSE:MDA opened at C$36.29 on Friday. MDA Space has a 1-year low of C$19.96 and a 1-year high of C$48.31. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00. The stock has a market cap of C$4.58 billion, a P/E ratio of 42.69 and a beta of -1.15. The firm has a fifty day moving average price of C$25.66 and a 200 day moving average price of C$33.55.

MDA Space (TSE:MDA) last announced its earnings results on Friday, November 14th. The company reported C$0.35 EPS for the quarter. MDA Space had a net margin of 7.22% and a return on equity of 6.17%. The business had revenue of C$409.80 million during the quarter. Sell-side analysts predict that MDA Space will post 0.9605084 EPS for the current year.

MDA Space Company Profile

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics.