ATB Cormark Capital Markets Cuts MDA Space (TSE:MDA) Price Target to C$46.00

MDA Space (TSE:MDA) had its price objective decreased by ATB Cormark Capital Markets from C$61.00 to C$46.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

Several other research analysts have also recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of MDA Space from C$48.00 to C$57.00 in a research note on Thursday, March 5th. Morgan Stanley upgraded MDA Space from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from C$32.00 to C$46.00 in a research note on Friday, January 16th. Desjardins lifted their target price on MDA Space from C$51.00 to C$53.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Canaccord Genuity Group boosted their price target on MDA Space from C$37.00 to C$51.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, BMO Capital Markets upped their price target on MDA Space from C$45.00 to C$50.00 in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$47.88.

MDA Space Price Performance

TSE MDA opened at C$34.52 on Wednesday. The company has a 50-day moving average price of C$39.21 and a 200-day moving average price of C$32.61. MDA Space has a 52 week low of C$20.85 and a 52 week high of C$48.31. The company has a quick ratio of 1.00, a current ratio of 0.47 and a debt-to-equity ratio of 30.34. The firm has a market capitalization of C$4.71 billion, a P/E ratio of 41.10 and a beta of -1.20.

MDA Space (TSE:MDA) last posted its quarterly earnings data on Wednesday, March 4th. The company reported C$0.45 earnings per share (EPS) for the quarter. The company had revenue of C$499.10 million for the quarter. MDA Space had a net margin of 6.64% and a return on equity of 8.38%. Equities research analysts anticipate that MDA Space will post 0.9605084 earnings per share for the current year.

About MDA Space

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics.