MDA Space Ltd. (TSE:MDA) Receives Consensus Rating of “Buy” from Brokerages

MDA Space Ltd. (TSE:MDA – Get Free Report) has earned a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$56.30.

Several brokerages recently issued reports on MDA. Jefferies Financial Group raised MDA Space to a “strong-buy” rating in a research note on Monday, April 6th. Desjardins increased their price objective on MDA Space from C$53.00 to C$55.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Canaccord Genuity Group set a C$56.00 price objective on MDA Space and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Scotiabank raised MDA Space to a “strong-buy” rating in a research note on Thursday, March 19th. Finally, Canadian Imperial Bank of Commerce set a C$57.00 price objective on MDA Space and gave the stock an “outperformer” rating in a research note on Thursday, May 14th.

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MDA Space Trading Up 2.2%

MDA opened at C$57.05 on Friday. The stock has a market cap of C$7.92 billion, a price-to-earnings ratio of 71.31 and a beta of -0.92. The stock’s 50 day moving average price is C$47.68 and its 200-day moving average price is C$38.07. MDA Space has a one year low of C$20.85 and a one year high of C$67.90. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.00 and a current ratio of 0.80.

MDA Space (TSE:MDA – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported C$0.38 EPS for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%.The firm had revenue of C$464.10 million for the quarter. On average, equities analysts forecast that MDA Space will post 0.9605084 EPS for the current year.

MDA Space Company Profile

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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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