Guillaume Lavoie Sells 688 Shares of MDA Space (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) insider Guillaume Lavoie sold 688 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of C$55.62, for a total value of C$38,266.56. Following the completion of the transaction, the insider owned 5,569 shares of the company’s stock, valued at C$309,747.78. The trade was a 11.00% 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 Thursday, June 11th, Guillaume Lavoie sold 1,500 shares of MDA Space stock. The stock was sold at an average price of C$52.63, for a total value of C$78,945.00.

MDA Space Trading Down 8.6%

Shares of MDA Space stock opened at C$52.16 on Friday. The firm 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 Ltd. has a fifty-two week low of C$20.85 and a fifty-two week high of C$67.90. 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 50 day moving average of C$49.84 and a 200 day moving average of C$39.28.

MDA Space (TSE:MDA) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 earnings per share for the quarter. The company 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%. As a group, research analysts predict that MDA Space Ltd. will post 0.9605084 earnings per share for the current year.

Analysts Set New Price Targets

MDA has been the subject of several analyst reports. Scotia increased their price objective 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. Canadian Imperial Bank of Commerce set a C$57.00 price objective on MDA Space and gave the stock an “outperformer” rating in a research report on Thursday, May 14th. Jefferies Financial Group upgraded MDA Space to a “strong-buy” rating in a research report on Wednesday. ATB Cormark Capital Markets lowered MDA Space from a “moderate buy” rating to a “hold” rating and increased their price objective for the stock from C$53.00 to C$67.00 in a research report on Friday, May 29th. Finally, Scotiabank upgraded MDA Space to a “strong-buy” rating in a research report on Thursday, March 19th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, 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.