Shares of MDA Space Ltd. (NYSE:MDA – Get Free Report) have been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $50.6667.
MDA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on MDA Space from $34.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Canaccord Genuity Group upgraded MDA Space to a “strong-buy” rating in a research report on Wednesday, April 22nd. ATB Cormark Capital Markets downgraded MDA Space from a “moderate buy” rating to a “hold” rating in a research report on Friday, May 29th. Royal Bank Of Canada lifted their price target on MDA Space from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, Zacks Research downgraded MDA Space from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th.
Read Our Latest Analysis on MDA
MDA Space Stock Performance
MDA Space (NYSE:MDA – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05.
MDA Space Company Profile
MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.
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