MDA Space (TSE:MDA) Stock Rating Upgraded by National Bank Financial

Key Points

• National Bank Financial upgraded MDA Space to “strong buy,” joining two other analysts with the same rating. The stock has a consensus “buy” rating and an average price target of C$63.64.
• Analyst views remain mixed on valuation, with recent price targets ranging from C$48 to C$71. CIBC lowered its target to C$59, while Scotiabank and BMO raised theirs to C$71 and C$68, respectively.
• MDA Space opened at C$40.25, with a C$6.52 billion market capitalization and a 52-week trading range of C$20.85 to C$67.90. Its business focuses on robotics, satellite systems, geointelligence, and space infrastructure.

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

MDA has been the topic of a number of other research reports. Canadian Imperial Bank of Commerce cut their price target on shares of MDA Space from C$67.00 to C$59.00 in a report on Wednesday, July 15th. Jefferies Financial Group upgraded shares of MDA Space to a "strong-buy" rating in a report on Wednesday, June 10th. ATB Cormark Capital Markets lowered their price objective on MDA Space from C$51.00 to C$48.00 and set a "sector perform" rating on the stock in a research report on Monday, August 10th. Scotiabank increased their target price on MDA Space from C$70.00 to C$71.00 and gave the company a "sector outperform" rating in a research note on Monday, June 22nd. Finally, BMO Capital Markets increased their target price on MDA Space from C$53.00 to C$68.00 and gave the company an "outperform" rating in a research note on Monday, June 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$63.64.

MDA Space Stock Up 0.3%

TSE:MDA opened at C$40.25 on Monday. The firm has a market cap of C$6.52 billion, a P/E ratio of 50.95 and a beta of -0.19. The company has a debt-to-equity ratio of 20.01, a quick ratio of 1.00 and a current ratio of 0.75. MDA Space has a fifty-two week low of C$20.85 and a fifty-two week high of C$67.90. The firm has a 50-day simple moving average of C$43.88 and a two-hundred day simple 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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