MDA Space (NYSE:MDA – Get Free Report) posted its earnings results on Thursday. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06, Zacks reports. MDA Space had a net margin of 5.68% and a return on equity of 9.42%.
MDA Space Stock Up 5.9%
Shares of MDA traded up $1.59 during trading hours on Friday, reaching $28.43. 527,469 shares of the stock traded hands, compared to its average volume of 1,322,854. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $28.95 and a 200 day simple moving average of $33.26. MDA Space has a 52 week low of $23.23 and a 52 week high of $49.37. The company has a market cap of $4.61 billion and a price-to-earnings ratio of 52.65.
Analysts Set New Price Targets
MDA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $41.00 price target on shares of MDA Space in a research note on Monday, August 10th. National Bank Financial began coverage on MDA Space in a research note on Monday, September 14th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. raised their target price on MDA Space from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Jefferies Financial Group restated a “buy” rating on shares of MDA Space in a report on Tuesday, October 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $60.00 target price on shares of MDA Space in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.00.
About MDA Space
MDA Space Ltd. is a Canadian space technology company that designs and delivers systems, products and services for government and commercial customers. Its activities span satellite communications, Earth observation, space robotics, geointelligence and lunar exploration, with capabilities covering mission planning, engineering, manufacturing and in-orbit support.
The company is known for developing space robotics and automation technologies, including systems used on the International Space Station, as well as satellite payloads, satellite subsystems and communications platforms.
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