MDA (TSE:MDA – Get Free Report) had its price target lifted by equities research analysts at Citigroup from C$11.00 to C$12.75 in a report released on Thursday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 7.41% from the stock’s previous close.
A number of other analysts have also issued reports on the company. Canaccord Genuity Group boosted their target price on MDA from C$10.50 to C$14.00 in a research report on Monday, August 14th. BMO Capital Markets boosted their target price on MDA from C$12.00 to C$13.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, Royal Bank of Canada boosted their target price on MDA from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$13.29.
MDA Trading Down 1.4 %
MDA (TSE:MDA – Get Free Report) last released its earnings results on Friday, August 11th. The company reported C$0.08 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.01 by C$0.07. The business had revenue of C$196.00 million for the quarter, compared to analyst estimates of C$192.40 million. MDA had a net margin of 6.97% and a return on equity of 5.23%. On average, sell-side analysts anticipate that MDA will post 0.5004181 EPS for the current fiscal year.
MDA Company Profile
MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. It offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and acts as a distributor for other third party missions.
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