MDA Space (TSE:MDA) Upgraded at Jefferies Financial Group

Key Points

• Jefferies Financial Group upgraded MDA Space to a strong-buy, joining Scotiabank and other firms that have recently raised ratings on the stock.
• Several brokers (Canaccord, BMO, Stifel, Morgan Stanley) lifted price targets and ratings; in total three analysts rate it Strong Buy and six rate it BuyC$47.88.
• MDA Space opened at C$39.78, has a market cap of C$5.43 billion and a P/E of 47.36, and last reported quarterly EPS of C$0.45 on revenue of C$499.1 million.

MDA Space (TSE:MDA - Get Free Report) was upgraded by Jefferies Financial Group to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.

A number of other equities analysts have also commented on MDA. Canaccord Genuity Group lifted their price objective on MDA Space from C$37.00 to C$51.00 and gave the stock a "buy" rating in a research note on Thursday, January 29th. BMO Capital Markets lifted their price objective on MDA Space from C$45.00 to C$50.00 in a research note on Thursday, March 5th. Stifel Nicolaus lifted their price objective on MDA Space from C$48.00 to C$57.00 in a research note on Thursday, March 5th. Morgan Stanley raised MDA Space from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from C$32.00 to C$46.00 in a research note on Friday, January 16th. Finally, Scotiabank raised MDA Space to a "strong-buy" rating in a research note on Thursday, March 19th. Three research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat, MDA Space presently has an average rating of "Buy" and an average price target of C$47.88.

MDA Space Stock Performance

Shares of MDA stock opened at C$39.78 on Monday. The business's 50-day moving average price is C$39.20 and its 200-day moving average price is C$32.87. MDA Space has a 12 month low of C$20.85 and a 12 month high of C$48.31. The firm has a market capitalization of C$5.43 billion, a price-to-earnings ratio of 47.36 and a beta of -0.78. The company has a current ratio of 0.47, a quick ratio of 1.00 and a debt-to-equity ratio of 30.34.

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

About MDA Space

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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