Zacks Research lowered shares of MDA Space (NYSE:MDA – Free Report) from a hold rating to a strong sell rating in a research note released on Wednesday,Zacks.com reports.
Other equities research analysts have also issued reports about the company. Jefferies Financial Group began coverage on MDA Space in a research report on Monday, April 6th. They issued a “buy” rating and a $41.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on MDA Space from $34.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday. Canadian Imperial Bank of Commerce began coverage on MDA Space in a research report on Wednesday. They issued an “outperform” rating on the stock. Canaccord Genuity Group upgraded MDA Space to a “strong-buy” rating in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada lifted their price objective on MDA Space from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $47.33.
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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 (EPS) 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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