MDA Space (TSE:MDA) PT Set at C$56.00 by Canaccord Genuity Group

MDA Space (TSE:MDA) has been assigned a C$56.00 price objective by equities research analysts at Canaccord Genuity Group in a research note issued on Wednesday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 24.39% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on MDA. Jefferies Financial Group raised MDA Space to a “strong-buy” rating in a research note on Monday, April 6th. ATB Cormark Capital Markets cut their price objective on MDA Space from C$61.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. Scotiabank upgraded MDA Space to a “strong-buy” rating in a report on Thursday, March 19th. Desjardins increased their target price on shares of MDA Space from C$51.00 to C$53.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Finally, Stifel Nicolaus raised their price target on shares of MDA Space from C$48.00 to C$57.00 in a report on Thursday, March 5th. Three research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$48.50.

MDA Space Price Performance

MDA stock opened at C$45.02 on Wednesday. The company has a market capitalization of C$6.20 billion, a P/E ratio of 53.60 and a beta of -0.78. The company has a fifty day moving average price of C$41.21 and a 200-day moving average price of C$33.82. The company has a debt-to-equity ratio of 30.34, a quick ratio of 1.00 and a current ratio of 0.47. MDA Space has a 52-week low of C$20.85 and a 52-week high of C$50.98.

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