Key Points
- Insider sale: Minda Marie Suchan sold 40,000 shares of MDA Space at an average price of C$53.22, totaling about C$2.13 million. Her direct stake fell by 44.55% to 49,784 shares.
- Stock and financial snapshot: MDA Space opened at C$57.05, near its 52-week high of C$67.90, and has a market cap of C$7.92 billion. The company recently reported quarterly EPS of C$0.38 on revenue of C$464.1 million.
- Analyst sentiment remains positive: Recent broker updates lifted price targets, including Stifel and Scotia both raising theirs to C$70.00. Overall, the stock carries a consensus Buy rating with a consensus target of C$57.40.
MDA Space Ltd. (TSE:MDA - Get Free Report) insider Minda Marie Suchan sold 40,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of C$53.22, for a total transaction of C$2,128,800.00. Following the completion of the transaction, the insider directly owned 49,784 shares of the company's stock, valued at approximately C$2,649,504.48. The trade was a 44.55% decrease in their ownership of the stock.
MDA Space Price Performance
MDA stock opened at C$57.05 on Friday. 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 cap of C$7.92 billion, a P/E ratio of 71.31 and a beta of -0.53. The firm has a 50-day moving average of C$49.52 and a 200 day moving average of C$39.18. The company has a debt-to-equity ratio of 20.62, a current ratio of 0.80 and a quick ratio of 1.00.
MDA Space (TSE:MDA - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.38 earnings per share (EPS) for the quarter. MDA Space had a net margin of 6.02% and a return on equity of 7.24%. The company had revenue of C$464.10 million during the quarter. On average, sell-side analysts forecast that MDA Space Ltd. will post 0.9605084 EPS for the current year.
Analyst Ratings Changes
A number of analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of MDA Space from C$51.00 to C$58.00 in a report on Friday, May 8th. Stifel Nicolaus raised their price objective on 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. Scotia upped their target price 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. Scotiabank raised MDA Space to a "strong-buy" rating in a report on Thursday, March 19th. 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 company has a consensus rating of "Buy" and a consensus price target of C$57.40.
Check Out Our Latest Research Report on MDA
About MDA Space
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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.
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