MDA Space Ltd. (TSE:MDA) Receives Consensus Recommendation of “Buy” from Analysts

MDA Space Ltd. (TSE:MDA – Get Free Report) has earned a consensus rating of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$64.50.

A number of research analysts have commented on the company. ATB Cormark Capital Markets reduced their price objective on MDA Space from C$51.00 to C$48.00 and set a “sector perform” rating on the stock in a research note on Monday, August 10th. Desjardins boosted their price target on MDA Space from C$70.00 to C$72.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Jefferies Financial Group upgraded MDA Space to a “strong-buy” rating in a report on Wednesday, June 10th. Stifel Nicolaus upped their price target on MDA Space from C$70.00 to C$75.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Finally, BMO Capital Markets increased their price objective on shares of MDA Space from C$53.00 to C$68.00 and gave the company an “outperform” rating in a research report on Monday, June 22nd.

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MDA Space Stock Up 0.5%

Shares of TSE:MDA opened at C$40.12 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 0.75 and a debt-to-equity ratio of 20.01. The company has a market capitalization of C$6.50 billion, a P/E ratio of 50.78 and a beta of -0.19. MDA Space has a 52-week low of C$20.85 and a 52-week high of C$67.90. The stock’s fifty day simple moving average is C$44.60 and its 200-day simple moving average is C$46.78.

About MDA Space

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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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