Scotiabank Issues Positive Forecast for MDA Space (TSE:MDA) Stock Price

MDA Space (TSE:MDA) had its price objective boosted by Scotiabank from C$38.00 to C$42.00 in a research note released on Wednesday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on MDA. BMO Capital Markets cut their price target on shares of MDA Space from C$36.00 to C$32.00 in a report on Monday, November 17th. Stifel Nicolaus set a C$48.00 target price on shares of MDA Space and gave the stock a “buy” rating in a report on Wednesday, October 8th. Morgan Stanley upgraded MDA Space from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from C$32.00 to C$46.00 in a report on Friday, January 16th. Finally, Royal Bank Of Canada lowered their price target on MDA Space from C$45.00 to C$38.00 in a research report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$40.75.

MDA Space Stock Performance

Shares of MDA stock opened at C$37.22 on Wednesday. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83. MDA Space has a fifty-two week low of C$19.96 and a fifty-two week high of C$48.31. The stock has a 50 day moving average price of C$26.53 and a two-hundred day moving average price of C$33.55. The company has a market capitalization of C$4.70 billion, a P/E ratio of 43.79 and a beta of -1.15.

MDA Space (TSE:MDA) last issued its earnings results on Friday, November 14th. The company reported C$0.35 earnings per share (EPS) for the quarter. MDA Space had a net margin of 7.22% and a return on equity of 6.17%. The firm had revenue of C$409.80 million for the quarter. Analysts expect that MDA Space will post 0.9605084 earnings per share for the current 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.