MDA Space (TSE:MDA) Raised to Strong-Buy at Jefferies Financial Group

MDA Space (TSE:MDA) was upgraded by equities researchers at Jefferies Financial Group to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts have also commented on the stock. Desjardins lifted their target price on shares of MDA Space from C$55.00 to C$66.00 and gave the stock a “buy” rating in a report on Monday. Canadian Imperial Bank of Commerce set a C$57.00 price target on shares of MDA Space and gave the stock an “outperformer” rating in a research report on Thursday, May 14th. Scotiabank raised shares of MDA Space to a “strong-buy” rating in a research report on Thursday, March 19th. Scotia lifted their price target on shares of MDA Space from C$53.00 to C$70.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 28th. Finally, BMO Capital Markets lifted their price target on shares of MDA Space from C$45.00 to C$50.00 in a research report on Thursday, March 5th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$57.40.

MDA Space Price Performance

MDA opened at C$52.63 on Wednesday. The company has a fifty day moving average price of C$49.08 and a two-hundred day moving average price of C$38.94. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.00 and a current ratio of 0.80. MDA Space has a 52 week low of C$20.85 and a 52 week high of C$67.90. The firm has a market capitalization of C$7.30 billion, a PE ratio of 65.79 and a beta of -0.53.

MDA Space (TSE:MDA) last released its earnings results on Thursday, May 7th. The company reported C$0.38 EPS for the quarter. MDA Space had a net margin of 6.02% and a return on equity of 7.24%. The firm had revenue of C$464.10 million during the quarter. As a group, analysts anticipate that MDA Space will post 0.9605084 earnings per share 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.