MDA Space (TSE:MDA) Hits New 1-Year High – Time to Buy?
by Teresa Graham · The Cerbat GemMDA Space Ltd. (TSE:MDA – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$60.96 and last traded at C$59.64, with a volume of 55840 shares. The stock had previously closed at C$56.62.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Scotiabank upgraded shares of MDA Space to a “strong-buy” rating in a research note on Thursday, March 19th. Stifel Nicolaus boosted their price objective on shares of MDA Space from C$48.00 to C$57.00 in a report on Thursday, March 5th. BMO Capital Markets upped their price objective on shares of MDA Space from C$45.00 to C$50.00 in a research report on Thursday, March 5th. Scotia increased their target price on shares of MDA Space from C$49.00 to C$53.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce set a C$57.00 target price on MDA Space and gave the stock an “outperformer” rating in a research report on Thursday, May 14th. Four equities research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$51.90.
Read Our Latest Report on MDA Space
MDA Space Stock Performance
The company has a debt-to-equity ratio of 20.62, a current ratio of 0.80 and a quick ratio of 1.00. The firm has a market cap of C$8.23 billion, a P/E ratio of 74.19 and a beta of -0.92. The stock’s 50 day moving average is C$44.58 and its two-hundred day moving average is C$35.72.
MDA Space (TSE:MDA – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 earnings per share for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%.The company had revenue of C$464.10 million for the quarter. As a group, equities analysts predict that MDA Space Ltd. will post 0.9605084 EPS for the current year.
MDA Space Company Profile
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.