MDA Space (TSE:MDA) Insider Luigi Pozzebon Sells 31,686 Shares

MDA Space Ltd. (TSE:MDA) insider Luigi Pozzebon sold 31,686 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of C$52.90, for a total transaction of C$1,676,189.40.

MDA Space Stock Down 1.5%

MDA opened at C$52.57 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 1.00 and a debt-to-equity ratio of 20.62. 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 market capitalization of C$7.29 billion, a PE ratio of 65.71 and a beta of -0.53. The firm’s 50 day simple moving average is C$50.44 and its two-hundred day simple moving average is C$39.80.

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

Analysts Set New Price Targets

Several research analysts have weighed in on MDA shares. Desjardins increased their price target on shares of 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. Scotia increased their price objective on shares of MDA Space from C$53.00 to C$70.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 28th. BMO Capital Markets increased their price objective on shares of MDA Space from C$45.00 to C$50.00 in a research note on Thursday, March 5th. Stifel Nicolaus increased their price objective on shares of 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. Finally, Scotiabank raised shares of MDA Space to a “strong-buy” rating in a research note 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 given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently 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.