MDA Space (TSE:MDA) Price Target Cut to C$46.00 by Analysts at ATB Cormark Capital Markets

MDA Space (TSE:MDA) had its price objective decreased by ATB Cormark Capital Markets from C$61.00 to C$46.00 in a research report report published on Wednesday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on MDA. Morgan Stanley raised MDA Space from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from C$32.00 to C$46.00 in a research note on Friday, January 16th. Desjardins upped their price objective on shares of MDA Space from C$51.00 to C$53.00 and gave the company a “buy” rating in a report on Friday, March 20th. BMO Capital Markets raised their price objective on shares of MDA Space from C$45.00 to C$50.00 in a research report on Thursday, March 5th. Scotiabank raised shares of MDA Space to a “strong-buy” rating in a research note on Thursday, March 19th. Finally, Stifel Nicolaus boosted their target price on shares of MDA Space from C$48.00 to C$57.00 in a report on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$47.88.

MDA Space Price Performance

MDA stock opened at C$38.45 on Wednesday. MDA Space has a 1 year low of C$20.85 and a 1 year high of C$48.31. The company has a debt-to-equity ratio of 30.34, a current ratio of 0.47 and a quick ratio of 1.00. The firm has a market capitalization of C$5.24 billion, a PE ratio of 45.77 and a beta of -1.20. The business has a 50 day simple moving average of C$39.14 and a 200-day simple moving average of C$32.56.

MDA Space (TSE:MDA) last announced its quarterly earnings data on Wednesday, March 4th. The company reported C$0.45 EPS for the quarter. The firm had revenue of C$499.10 million for the quarter. MDA Space had a return on equity of 8.38% and a net margin of 6.64%. Equities research analysts anticipate that MDA Space will post 0.9605084 earnings per share for the current fiscal year.

MDA Space Company Profile

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.