MDA Space (TSE:MDA) Raised to “Overweight” at Morgan Stanley

MDA Space (TSE:MDA) was upgraded by Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a C$46.00 price target on the stock, up from their previous price target of C$32.00. Morgan Stanley’s price objective indicates a potential upside of 26.76% from the stock’s previous close.

A number of other analysts also recently commented on the company. BMO Capital Markets decreased their price target on MDA Space from C$36.00 to C$32.00 in a research report on Monday, November 17th. Scotiabank lowered their target price on MDA Space from C$43.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Stifel Nicolaus set a C$48.00 price target on shares of MDA Space and gave the stock a “buy” rating in a report on Wednesday, October 8th. Royal Bank Of Canada decreased their price objective on shares of MDA Space from C$45.00 to C$38.00 in a report on Monday, November 17th. Finally, Stifel Canada raised shares of MDA Space to a “strong-buy” rating in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$40.50.

MDA Space Price Performance

MDA opened at C$36.29 on Friday. MDA Space has a 1 year low of C$19.96 and a 1 year high of C$48.31. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00. The company has a market capitalization of C$4.58 billion, a price-to-earnings ratio of 42.69 and a beta of -1.15. The firm’s fifty day moving average price is C$25.66 and its two-hundred day moving average price is C$33.54.

MDA Space (TSE:MDA) last released its quarterly earnings results on Friday, November 14th. The company reported C$0.35 earnings per share for the quarter. MDA Space had a net margin of 7.22% and a return on equity of 6.17%. The company had revenue of C$409.80 million for the quarter. As a group, analysts anticipate that MDA Space will post 0.9605084 earnings per share for the current fiscal year.

About MDA Space

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics.