National Bank Financial upgraded shares of MDA Space (TSE:MDA – Free Report) to a strong-buy rating in a research note published on Monday,Zacks reports.
A number of other equities research analysts have also recently weighed in on the company. Canaccord Genuity Group lowered their price target on MDA Space from C$65.00 to C$64.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Scotia lifted their price objective on MDA Space from C$53.00 to C$70.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 28th. BMO Capital Markets boosted their target price on MDA Space from C$53.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Monday, June 22nd. ATB Cormark Capital Markets lowered their target price on MDA Space from C$51.00 to C$48.00 and set a “sector perform” rating on the stock in a report on Monday, August 10th. Finally, Stifel Nicolaus raised their price target on MDA Space from C$70.00 to C$75.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$63.64.
Read Our Latest Analysis on MDA
MDA Space Trading Up 0.3%
Shares of MDA Space stock opened at C$40.25 on Monday. MDA Space has a 12-month low of C$20.85 and a 12-month high of C$67.90. The company has a current ratio of 0.75, a quick ratio of 1.00 and a debt-to-equity ratio of 20.01. The stock has a market cap of C$6.52 billion, a PE ratio of 50.95 and a beta of -0.19. The company has a 50-day moving average of C$43.88 and a two-hundred day moving average of C$46.86.
About MDA Space
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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