MDA Space (TSE:MDA) Insider Guillaume Lavoie Sells 688 Shares

MDA Space Ltd. (TSE:MDA) insider Guillaume Lavoie sold 688 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of C$55.62, for a total transaction of C$38,266.56. Following the transaction, the insider directly owned 5,569 shares in the company, valued at approximately C$309,747.78. The trade was a 11.00% decrease in their position.

Guillaume Lavoie also recently made the following trade(s):

• On Wednesday, June 10th, Guillaume Lavoie sold 395 shares of MDA Space stock. The stock was sold at an average price of C$53.55, for a total transaction of C$21,152.25.
• On Thursday, June 11th, Guillaume Lavoie sold 1,500 shares of MDA Space stock. The shares were sold at an average price of C$52.63, for a total transaction of C$78,945.00.

MDA Space Stock Performance

Shares of TSE:MDA opened at C$52.16 on Friday. The stock has a market capitalization of C$7.24 billion, a P/E ratio of 65.20 and a beta of -0.53. MDA Space Ltd. has a 1-year low of C$20.85 and a 1-year high of C$67.90. The company has a current ratio of 0.80, a quick ratio of 1.00 and a debt-to-equity ratio of 20.62. The business has a 50-day moving average price of C$49.84 and a two-hundred day moving average price of C$39.28.

MDA Space (TSE:MDA) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 earnings per share for the quarter. The firm had revenue of C$464.10 million during the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%. Equities analysts predict that MDA Space Ltd. will post 0.9605084 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Morgan Stanley boosted their price objective on MDA Space from C$51.00 to C$58.00 in a report on Friday, May 8th. ATB Cormark Capital Markets lowered MDA Space from a “moderate buy” rating to a “hold” rating and boosted their target price for the stock from C$53.00 to C$67.00 in a research report on Friday, May 29th. Desjardins boosted their target price on MDA Space from C$55.00 to C$66.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Canaccord Genuity Group set a C$56.00 target price on MDA Space and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. 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. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$57.40.

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.