MDA Space (TSE:MDA) Given a C$57.00 Price Target at Canadian Imperial Bank of Commerce

MDA Space (TSE:MDA) received a C$57.00 price target from investment analysts at Canadian Imperial Bank of Commerce in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s target price points to a potential upside of 5.13% from the stock’s current price.

MDA has been the topic of several other research reports. Scotiabank raised shares of MDA Space to a “strong-buy” rating in a report on Thursday, March 19th. Canaccord Genuity Group set a C$56.00 price objective on shares of MDA Space and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. ATB Cormark Capital Markets decreased their price objective on shares of MDA Space from C$54.00 to C$53.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Morgan Stanley upped their price objective on shares of MDA Space from C$51.00 to C$58.00 in a research report on Friday, May 8th. Finally, Scotia upped their price objective on shares of MDA Space from C$49.00 to C$53.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$51.90.

MDA Space Price Performance

Shares of MDA Space stock traded up C$1.73 during trading on Thursday, hitting C$54.22. The stock had a trading volume of 683,071 shares, compared to its average volume of 1,127,290. The firm has a market cap of C$7.52 billion, a price-to-earnings ratio of 67.78 and a beta of -0.92. MDA Space has a 12 month low of C$20.85 and a 12 month high of C$54.40. The business’s 50-day moving average is C$42.88 and its 200 day moving average is C$34.59. The company has a current ratio of 0.80, a quick ratio of 1.00 and a debt-to-equity ratio of 20.62.

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