Shares of MDA Space Ltd. (TSE:MDA – Get Free Report) reached a new 52-week high during trading on Monday after Scotia raised their price target on the stock from C$49.00 to C$53.00. Scotia currently has a sector outperform rating on the stock. MDA Space traded as high as C$51.25 and last traded at C$51.01, with a volume of 1127398 shares traded. The stock had previously closed at C$47.26.
A number of other analysts have also recently commented on the stock. ATB Cormark Capital Markets lowered their target price on shares of MDA Space from C$54.00 to C$53.00 and set an “outperform” rating for the company in a research note on Friday. Stifel Nicolaus lifted their target price on shares of MDA Space from C$48.00 to C$57.00 in a research note on Thursday, March 5th. Morgan Stanley lifted their target price on shares of MDA Space from C$51.00 to C$58.00 in a research note on Friday. Scotiabank upgraded shares of MDA Space to a “strong-buy” rating in a research note on Thursday, March 19th. Finally, Desjardins lifted their target price on shares of MDA Space from C$53.00 to C$55.00 and gave the stock a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$51.33.
Read Our Latest Report on MDA Space
MDA Space Stock Performance
MDA Space (TSE:MDA – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 EPS for the quarter. MDA Space had a net margin of 6.02% and a return on equity of 7.24%. The business had revenue of C$464.10 million during the quarter. Sell-side analysts forecast that MDA Space Ltd. will post 0.9605084 earnings per share 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.
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