MDA Space (TSE:MDA) Hits New 12-Month High – What’s Next?

MDA Space Ltd. (TSE:MDA) reached a new 52-week high on Monday . The stock traded as high as C$60.96 and last traded at C$59.64, with a volume of 55840 shares trading hands. The stock had previously closed at C$56.62.

Analysts Set New Price Targets

Several research firms have recently issued reports on MDA. Scotiabank upgraded MDA Space to a “strong-buy” rating in a research note on Thursday, March 19th. Desjardins boosted their target price on MDA Space from C$53.00 to C$55.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Jefferies Financial Group raised MDA Space to a “strong-buy” rating in a research report on Monday, April 6th. Canaccord Genuity Group set a C$56.00 price target on MDA Space and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Scotia lifted their price target on shares of MDA Space from C$49.00 to C$53.00 and gave the company a “sector outperform” rating in a research report on Friday, May 8th. Four research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$51.90.

MDA Space Trading Down 0.3%

The company has a market capitalization of C$8.23 billion, a price-to-earnings ratio of 74.19 and a beta of -0.92. The company has a 50-day moving average price of C$44.58 and a 200-day moving average price of C$35.72. The company has a quick ratio of 1.00, a current ratio of 0.80 and a debt-to-equity ratio of 20.62.

MDA Space (TSE:MDA) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 earnings per share for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%.The business had revenue of C$464.10 million during the quarter. Research analysts predict that MDA Space Ltd. will post 0.9605084 EPS for the current fiscal 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.