MDA Space Ltd. (TSE:MDA) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• MDA Space received a consensus recommendation of Buy from nine analysts (six Buy, three Strong Buy) with an average 12‑month price target of C$48.50.
• Shares opened at C$41.62 (12‑month high/low C$50.98/C$20.85); the company has a market cap of C$5.73 billion, a PE of 49.55, and reported C$0.45 EPS on C$499.1M revenue last quarter.

MDA Space Ltd. (TSE:MDA - Get Free Report) has received a consensus recommendation of "Buy" from the nine analysts that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$48.50.

MDA has been the subject of a number of recent analyst reports. Canaccord Genuity Group set a C$56.00 price target on MDA Space and gave the company a "buy" rating in a research report on Wednesday, April 22nd. Desjardins boosted their target price on MDA Space from C$51.00 to C$53.00 and gave the company a "buy" rating in a research note on Friday, March 20th. ATB Cormark Capital Markets decreased their target price on MDA Space from C$61.00 to C$46.00 and set an "outperform" rating for the company in a report on Wednesday, March 25th. BMO Capital Markets raised their price target on MDA Space from C$45.00 to C$50.00 in a research note on Thursday, March 5th. Finally, Jefferies Financial Group upgraded shares of MDA Space to a "strong-buy" rating in a report on Monday, April 6th.

MDA Space Price Performance

Shares of MDA Space stock opened at C$41.62 on Wednesday. The company's fifty day simple moving average is C$41.74 and its two-hundred day simple moving average is C$34.00. MDA Space has a 12-month low of C$20.85 and a 12-month high of C$50.98. The firm has a market cap of C$5.73 billion, a PE ratio of 49.55 and a beta of -0.92. The company has a quick ratio of 1.00, a current ratio of 0.47 and a debt-to-equity ratio of 30.34.

MDA Space (TSE:MDA - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The company reported C$0.45 EPS for the quarter. The firm had revenue of C$499.10 million during the quarter. MDA Space had a net margin of 6.64% and a return on equity of 8.38%. As a group, equities analysts expect that MDA Space will post 0.9605084 EPS for the current 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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