MDA Space (TSE:MDA) Upgraded to “Strong-Buy” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of MDA Space (TSE:MDA) to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

A number of other brokerages have also recently commented on MDA. Scotia boosted their price target on MDA Space from C$53.00 to C$70.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 28th. Canaccord Genuity Group set a C$56.00 price target on MDA Space and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Canadian Imperial Bank of Commerce set a C$57.00 price target on MDA Space and gave the stock an “outperformer” rating in a research report on Thursday, May 14th. Morgan Stanley boosted their price target on MDA Space from C$51.00 to C$58.00 in a research report on Friday, May 8th. Finally, Desjardins boosted their price target on MDA Space from C$55.00 to C$66.00 and gave the stock a “buy” rating in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$57.40.

MDA Space Stock Performance

MDA Space stock opened at C$52.63 on Wednesday. The stock’s 50 day simple moving average is C$49.08 and its two-hundred day simple moving average is C$38.94. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.00 and a current ratio of 0.80. The stock has a market cap of C$7.30 billion, a price-to-earnings ratio of 65.79 and a beta of -0.53. 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 posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 earnings per share for the quarter. The business had revenue of C$464.10 million for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%. As a group, analysts expect that MDA Space will post 0.9605084 earnings per share 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.