MDA Space Ltd. (TSE:MDA – Get Free Report)’s share price reached a new 52-week high during trading on Friday after Scotiabank raised their price target on the stock from C$22.00 to C$25.00. Scotiabank currently has an outperform rating on the stock. MDA Space traded as high as C$22.72 and last traded at C$22.72, with a volume of 115414 shares. The stock had previously closed at C$21.30.
Other analysts also recently issued reports about the stock. Canaccord Genuity Group increased their target price on MDA Space from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Cormark boosted their target price on shares of MDA Space from C$19.00 to C$21.00 in a report on Friday, August 9th. Desjardins raised shares of MDA Space to a “moderate buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada lifted their price target on shares of MDA Space from C$18.00 to C$20.00 in a report on Friday, September 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, MDA Space currently has a consensus rating of “Moderate Buy” and an average price target of C$19.13.
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MDA Space Price Performance
The stock’s 50 day moving average is C$18.28 and its two-hundred day moving average is C$15.00. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of C$2.82 billion, a PE ratio of 61.87 and a beta of 0.02.
MDA Space (TSE:MDA – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.10 by C$0.09. The company had revenue of C$242.00 million for the quarter, compared to analyst estimates of C$221.34 million. MDA Space had a return on equity of 4.47% and a net margin of 5.53%. As a group, sell-side analysts forecast that MDA Space Ltd. will post 0.9605084 earnings per share for the current fiscal year.
About MDA Space
MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.
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