MDA Space (TSE:MDA) Stock Price Target Lowered at Royal Bank Of Canada

MDA Space (TSE:MDA) had its price objective lowered by equities research analysts at Royal Bank Of Canada from C$60.00 to C$55.00 in a research note issued to investors on Monday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 37.67% from the company’s current price.

MDA has been the topic of several other research reports. Stifel Nicolaus upped their price target on MDA Space from C$70.00 to C$75.00 and gave the company a “buy” rating in a report on Monday, June 22nd. National Bank Financial set a C$55.00 price objective on MDA Space and gave the stock an “outperform” rating in a research note on Tuesday, September 15th. Canaccord Genuity Group decreased their target price on MDA Space from C$65.00 to C$64.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Desjardins lifted their target price on MDA Space from C$70.00 to C$72.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Finally, Scotiabank boosted their target price on MDA Space from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a research report on Monday, June 22nd. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, MDA Space has an average rating of “Buy” and an average target price of C$63.18.

MDA Space Price Performance

Shares of MDA traded up C$0.08 during mid-day trading on Monday, hitting C$39.95. The company’s stock had a trading volume of 380,463 shares, compared to its average volume of 1,264,822. The firm has a 50-day moving average price of C$42.41 and a 200 day moving average price of C$46.96. The stock has a market capitalization of C$6.48 billion, a price-to-earnings ratio of 50.57 and a beta of -0.07. The company has a debt-to-equity ratio of 20.01, a current ratio of 0.75 and a quick ratio of 1.00. MDA Space has a fifty-two week low of C$20.85 and a fifty-two week high of C$67.90.

MDA Space (TSE:MDA) last released its earnings results on Friday, August 7th. The company reported C$0.36 EPS for the quarter. MDA Space had a net margin of 5.66% and a return on equity of 6.60%. The business had revenue of C$498.60 million during the quarter. On average, research analysts predict that MDA Space will post 0.96 EPS for the current fiscal 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.