MDA Space (TSE:MDA) Insider Holly Lynn Johnson Sells 45,000 Shares

MDA Space Ltd. (TSE:MDA) insider Holly Lynn Johnson sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of C$52.79, for a total transaction of C$2,375,550.00. Following the sale, the insider owned 60,331 shares of the company’s stock, valued at C$3,184,873.49. This trade represents a 42.72% decrease in their position.

MDA Space Stock Up 8.4%

Shares of TSE MDA opened at C$57.05 on Friday. MDA Space Ltd. has a one year low of C$20.85 and a one year high of C$67.90. 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 business’s fifty day moving average price is C$49.52 and its 200-day moving average price is C$39.18. The stock has a market capitalization of C$7.92 billion, a PE ratio of 71.31 and a beta of -0.53.

MDA Space (TSE:MDA) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 earnings per share (EPS) for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%.The business had revenue of C$464.10 million for the quarter. On average, equities research analysts anticipate that MDA Space Ltd. will post 0.9605084 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on MDA shares. Morgan Stanley boosted their target price on MDA Space from C$51.00 to C$58.00 in a research report on Friday, May 8th. Scotia raised their price objective on shares of MDA Space from C$53.00 to C$70.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 28th. Stifel Nicolaus raised their price objective on shares of MDA Space from C$57.00 to C$70.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. ATB Cormark Capital Markets cut shares of MDA Space from a “moderate buy” rating to a “hold” rating and raised their price objective for the company from C$53.00 to C$67.00 in a research report on Friday, May 29th. Finally, BMO Capital Markets raised their price objective on shares of MDA Space from C$45.00 to C$50.00 in a research report on Thursday, March 5th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.