Guillaume Lavoie Sells 1,500 Shares of MDA Space (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) insider Guillaume Lavoie sold 1,500 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of C$52.63, for a total value of C$78,945.00. Following the transaction, the insider owned 6,257 shares in the company, valued at C$329,305.91. This trade represents a 19.34% decrease in their ownership of the stock.

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 value of C$21,152.25.
• On Friday, June 12th, Guillaume Lavoie sold 688 shares of MDA Space stock. The stock was sold at an average price of C$55.62, for a total value of C$38,266.56.

MDA Space Stock Down 8.6%

TSE:MDA opened at C$52.16 on Friday. The company has a quick ratio of 1.00, a current ratio of 0.80 and a debt-to-equity ratio of 20.62. The stock’s fifty day moving average is C$49.84 and its two-hundred day moving average is C$39.28. MDA Space Ltd. has a 52 week low of C$20.85 and a 52 week high of C$67.90. The stock has a market capitalization of C$7.24 billion, a price-to-earnings ratio of 65.20 and a beta of -0.53.

MDA Space (TSE:MDA) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.38 EPS 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. Research analysts anticipate that MDA Space Ltd. will post 0.9605084 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Canaccord Genuity Group set a C$56.00 price target on MDA Space and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. BMO Capital Markets upped their price target on MDA Space from C$45.00 to C$50.00 in a research note on Thursday, March 5th. Stifel Nicolaus upped their price target on MDA Space from C$57.00 to C$70.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Morgan Stanley upped their price target on MDA Space from C$51.00 to C$58.00 in a research note on Friday, May 8th. Finally, ATB Cormark Capital Markets cut MDA Space from a “moderate buy” rating to a “hold” rating and increased their price objective for the company from C$53.00 to C$67.00 in a research note on Friday, May 29th. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock 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.