MDA Space (TSE:MDA) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of MDA Space (TSE:MDA) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

A number of other research analysts have also recently weighed in on MDA. ATB Cormark Capital Markets cut their price objective on shares of MDA Space from C$61.00 to C$46.00 and set an “outperform” rating for the company in a report on Wednesday, March 25th. Scotiabank raised shares of MDA Space to a “strong-buy” rating in a report on Thursday, March 19th. Desjardins lifted 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. Canaccord Genuity Group lifted their price objective on shares of MDA Space from C$37.00 to C$51.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Morgan Stanley raised shares of MDA Space from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from C$32.00 to C$46.00 in a report on Friday, January 16th. Three investment 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, the company presently has a consensus rating of “Buy” and an average target price of C$47.88.

MDA Space Stock Up 2.4%

MDA opened at C$40.73 on Monday. MDA Space has a fifty-two week low of C$20.85 and a fifty-two week high of C$48.31. The company has a debt-to-equity ratio of 30.34, a quick ratio of 1.00 and a current ratio of 0.47. The company has a fifty day moving average of C$39.19 and a two-hundred day moving average of C$32.93. The stock has a market capitalization of C$5.56 billion, a price-to-earnings ratio of 48.49 and a beta of -0.78.

MDA Space (TSE:MDA) last released its quarterly earnings data on Wednesday, March 4th. The company reported C$0.45 earnings per share for the quarter. MDA Space had a net margin of 6.64% and a return on equity of 8.38%. The company had revenue of C$499.10 million during the quarter. On average, research analysts expect 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.