MDA Space Ltd. (NYSE:MDA) Given Consensus Recommendation of “Moderate Buy” by Analysts

MDA Space Ltd. (NYSE:MDA) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $47.3333.

A number of brokerages recently commented on MDA. JPMorgan Chase & Co. raised their target price on MDA Space from $34.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Canaccord Genuity Group raised MDA Space to a “strong-buy” rating in a report on Wednesday, April 22nd. Zacks Research cut MDA Space from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce began coverage on MDA Space in a report on Wednesday, May 13th. They issued an “outperform” rating on the stock. Finally, Jefferies Financial Group began coverage on MDA Space in a report on Monday, April 6th. They issued a “buy” rating and a $41.00 target price on the stock.

MDA Space Stock Down 2.5%

Shares of MDA Space stock opened at $38.89 on Wednesday. MDA Space has a one year low of $23.23 and a one year high of $42.19.

MDA Space (NYSE:MDA) last announced its earnings results on Thursday, May 7th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05.

MDA Space Company Profile

MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.