MDA Space (NYSE:MDA – Get Free Report) had its price objective upped by stock analysts at JPMorgan Chase & Co. from $34.00 to $43.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 8.97% from the company’s previous close.
Other equities research analysts have also issued research reports about the company. Weiss Ratings lowered MDA Space from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce started coverage on shares of MDA Space in a research note on Wednesday. They issued an “outperform” rating on the stock. Royal Bank Of Canada raised their target price on shares of MDA Space from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Monday. Jefferies Financial Group began coverage on shares of MDA Space in a research note on Monday, April 6th. They issued a “buy” rating and a $41.00 target price on the stock. Finally, Canaccord Genuity Group raised MDA Space to a “strong-buy” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, MDA Space has a consensus rating of “Buy” and an average target price of $47.33.
Read Our Latest Research Report on MDA Space
MDA Space Stock Up 3.0%
MDA Space (NYSE:MDA – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.28 EPS for the quarter, beating 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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