MDA Space Ltd. (TSE:MDA) Stock Has Average Target Price of C$63.18

Key Points

• Analysts remain broadly bullish: MDA Space has a consensus “Buy” rating from 12 analysts, with an average 12-month price target of C$63.18.
• Several brokerages recently lowered their price targets, including RBC to C$55, ATB Capital to C$48, CIBC to C$59, and Canaccord Genuity to C$64.
• The stock opened at C$41.10, while MDA Space reported quarterly revenue of C$498.6 million and earnings of C$0.36 per share; analysts expect full-year EPS of C$0.96.

Shares of MDA Space Ltd. (TSE:MDA - Get Free Report) have earned a consensus rating of "Buy" from the twelve analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$63.18.

MDA has been the subject of a number of recent research reports. Royal Bank Of Canada reduced their target price on shares of MDA Space from C$60.00 to C$55.00 and set an "outperform" rating for the company in a report on Monday, October 19th. ATB Cormark Capital Markets lowered their price target on shares of 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. Canadian Imperial Bank of Commerce lowered their price target on shares of MDA Space from C$67.00 to C$59.00 in a report on Wednesday, July 15th. Canaccord Genuity Group cut their price objective on shares of MDA Space from C$65.00 to C$64.00 and set a "buy" rating on the stock in a research report on Monday, August 10th. Finally, National Bank Financial set a C$55.00 price objective on shares of MDA Space and gave the stock an "outperform" rating in a research note on Tuesday, September 15th.

MDA Space Price Performance

TSE MDA opened at C$41.10 on Wednesday. The company has a debt-to-equity ratio of 20.01, a quick ratio of 1.00 and a current ratio of 0.75. The firm's 50 day moving average price is C$41.31 and its 200-day moving average price is C$44.14. MDA Space has a 52-week low of C$20.85 and a 52-week high of C$67.90. The company has a market cap of C$6.66 billion, a PE ratio of 52.03 and a beta of -0.07.

MDA Space (TSE:MDA - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported C$0.36 earnings per share for the quarter. MDA Space had a return on equity of 6.60% and a net margin of 5.66%. The firm had revenue of C$498.60 million during the quarter. Sell-side analysts forecast that MDA Space will post 0.96 EPS for the current fiscal year.

MDA Space Company Profile

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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