MDA Space (TSE:MDA) Stock Price Expected to Rise, Desjardins Analyst Says

Key Points

• Desjardins raised its price target on MDA Space to C$55.00 (from C$53.00) and kept a "buy" rating, implying about a 16.13% upside from the current price.
• Multiple firms have increased targets or ratings recently—three analysts rate MDA a Strong Buy and seven a Buy—giving a consensus target of C$51.33.
• MDA traded at C$47.36 (up 1.5%), has a market cap of C$6.52B and a P/E of 56.38; last quarter it reported C$0.38 EPS on C$464.1M revenue.

MDA Space (TSE:MDA - Get Free Report) had its price objective boosted by analysts at Desjardins from C$53.00 to C$55.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' target price would suggest a potential upside of 16.13% from the stock's current price.

Several other research firms also recently weighed in on MDA. Canaccord Genuity Group set a C$56.00 price target on shares of MDA Space and gave the company a "buy" rating in a research note on Wednesday, April 22nd. Scotiabank upgraded MDA Space to a "strong-buy" rating in a research note on Thursday, March 19th. Stifel Nicolaus upped their price target on MDA Space from C$48.00 to C$57.00 in a research note on Thursday, March 5th. BMO Capital Markets increased their price target on MDA Space from C$45.00 to C$50.00 in a report on Thursday, March 5th. Finally, Morgan Stanley raised their price objective on MDA Space from C$51.00 to C$58.00 in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$51.33.

MDA Space Trading Up 1.5%

MDA traded up C$0.69 during trading on Friday, hitting C$47.36. The company's stock had a trading volume of 692,918 shares, compared to its average volume of 1,118,538. The firm has a market capitalization of C$6.52 billion, a P/E ratio of 56.38 and a beta of -0.92. MDA Space has a twelve month low of C$20.85 and a twelve month high of C$50.98. The stock's fifty day moving average price is C$42.03 and its 200-day moving average price is C$34.15. 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 announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 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$464.10 million during the quarter. Analysts anticipate 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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