MDA Space (TSE:MDA) Raised to “Strong-Buy” at National Bank Financial

MDA Space (TSE:MDA – Get Free Report) was upgraded by analysts at National Bank Financial to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

Several other equities analysts have also issued reports on MDA. Stifel Nicolaus lifted their target price on MDA Space from C$70.00 to C$75.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Scotiabank boosted their target price on shares of MDA Space from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a report on Monday, June 22nd. ATB Cormark Capital Markets decreased their price target on shares of MDA Space from C$51.00 to C$48.00 and set a “sector perform” rating for the company in a research report on Monday, August 10th. Royal Bank Of Canada raised their price target on shares of MDA Space from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, Jefferies Financial Group raised shares of MDA Space to a “strong-buy” rating in a research report on Wednesday, June 10th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$63.64.

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MDA Space Trading Up 0.3%

Shares of TSE:MDA opened at C$40.25 on Monday. The company has a market capitalization of C$6.52 billion, a PE ratio of 50.95 and a beta of -0.19. The company has a current ratio of 0.75, a quick ratio of 1.00 and a debt-to-equity ratio of 20.01. MDA Space has a 12-month low of C$20.85 and a 12-month high of C$67.90. The business’s fifty day simple moving average is C$43.88 and its 200-day simple moving average is C$46.86.

MDA Space Company Profile

(Get Free Report)

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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