MDA Space Ltd. (TSE:MDA) Stock Rated "Buy" by Wall Street Brokerages

Key Points

• MDA Space has a consensus “Buy” rating from 12 analysts: eight rate it Buy, three Strong Buy, and one Hold.
• Analysts’ average 12-month price target is C$63.64, with several firms recently raising targets, including Desjardins to C$72, Scotiabank to C$71, and BMO Capital Markets to C$68.
• The stock opened at C$42.54 and has traded between C$20.85 and C$67.90 over the past year. MDA Space provides robotics, satellite systems, geointelligence, and space infrastructure services to the global defense and space industries.

Shares of MDA Space Ltd. (TSE:MDA - Get Free Report) have been assigned a consensus recommendation of "Buy" from the twelve research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$63.64.

MDA has been the topic of a number of recent analyst reports. Scotiabank lifted their price objective on MDA Space from C$70.00 to C$71.00 and gave the stock a "sector outperform" rating in a research report on Monday, June 22nd. Royal Bank Of Canada raised their price target on MDA Space from C$58.00 to C$60.00 and gave the stock an "outperform" rating in a research note on Monday, August 10th. National Bank Financial set a C$55.00 price target on shares of MDA Space and gave the company an "outperform" rating in a report on Tuesday, September 15th. Desjardins boosted their price objective on shares of MDA Space from C$70.00 to C$72.00 and gave the company a "buy" rating in a research report on Wednesday, July 15th. Finally, BMO Capital Markets upped their price objective on shares of MDA Space from C$53.00 to C$68.00 and gave the stock an "outperform" rating in a report on Monday, June 22nd.

MDA Space Stock Performance

MDA Space stock opened at C$42.54 on Friday. MDA Space has a 1-year low of C$20.85 and a 1-year high of C$67.90. The firm has a market cap of C$6.89 billion, a P/E ratio of 53.85 and a beta of -0.19. The company has a current ratio of 0.75, a quick ratio of 1.00 and a debt-to-equity ratio of 20.01. The firm has a 50-day moving average of C$43.17 and a 200-day moving average of C$46.94.

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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