MDA Space Ltd. (TSE:MDA) Receives Average Rating of "Buy" from Analysts

Key Points

• Consensus "Buy": Nine brokerages rate MDA Space as a Buy (six Buy, three Strong Buy) with an average 12‑month price target of C$47.88.
• Recent analyst activity: Morgan Stanley upgraded to "overweight" and raised its target to C$46, BMO lifted its target to C$50, Jefferies and Scotiabank issued Strong‑Buy ratings, while ATB Cormark trimmed its target to C$46 but kept an Outperform rating.
• Stock snapshot: MDA opened at C$42.37, has a market cap of about C$5.78 billion, a P/E of 50.44, a 1‑year range of C$20.85–C$48.31, and reported C$0.45 EPS on C$499.1M revenue last quarter.

MDA Space Ltd. (TSE:MDA - Get Free Report) has been given a consensus recommendation of "Buy" by the nine brokerages that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$47.88.

A number of research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of MDA Space from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from C$32.00 to C$46.00 in a research note on Friday, January 16th. Jefferies Financial Group upgraded shares of MDA Space to a "strong-buy" rating in a research note on Monday, April 6th. BMO Capital Markets lifted their target price on shares of MDA Space from C$45.00 to C$50.00 in a research note on Thursday, March 5th. Scotiabank upgraded shares of MDA Space to a "strong-buy" rating in a research note on Thursday, March 19th. Finally, ATB Cormark Capital Markets cut their target price on shares of MDA Space from C$61.00 to C$46.00 and set an "outperform" rating for the company in a research note on Wednesday, March 25th.

MDA Space Price Performance

Shares of MDA Space stock opened at C$42.37 on Friday. The company has a current ratio of 0.47, a quick ratio of 1.00 and a debt-to-equity ratio of 30.34. The stock has a market capitalization of C$5.78 billion, a price-to-earnings ratio of 50.44 and a beta of -0.78. MDA Space has a 1-year low of C$20.85 and a 1-year high of C$48.31. The firm's 50-day moving average price is C$39.33 and its two-hundred day moving average price is C$33.06.

MDA Space (TSE:MDA - Get Free Report) last posted its earnings results on Wednesday, March 4th. The company reported C$0.45 earnings per share (EPS) for the quarter. MDA Space had a net margin of 6.64% and a return on equity of 8.38%. The company had revenue of C$499.10 million during the quarter. On average, equities analysts predict that MDA Space will post 0.9605084 earnings per share 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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