Maxar Technologies (NYSE:MAXR)‘s stock had its “outperform” rating restated by equities researchers at Raymond James in a research report issued to clients and investors on Friday, BayStreet.CA reports. They currently have a $20.00 price objective on the stock. Raymond James’ target price suggests a potential upside of 191.12% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. ValuEngine raised shares of Maxar Technologies from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. CIBC reaffirmed a “hold” rating and issued a $6.00 price target on shares of Maxar Technologies in a report on Tuesday, January 22nd. TD Securities downgraded shares of Maxar Technologies from a “speculative buy” rating to a “hold” rating and decreased their price objective for the stock from $18.50 to $5.70 in a research report on Friday, March 1st. Zacks Investment Research upgraded shares of Maxar Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, National Bank Financial upped their price objective on shares of Maxar Technologies from $6.00 to $7.00 and gave the stock a “sector perform” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.82.
NYSE:MAXR opened at $6.87 on Friday. Maxar Technologies has a one year low of $3.83 and a one year high of $55.28. The company has a debt-to-equity ratio of 4.70, a quick ratio of 0.71 and a current ratio of 0.75. The firm has a market capitalization of $399.78 million, a price-to-earnings ratio of -2.37 and a beta of 1.47.
Maxar Technologies (NYSE:MAXR) last posted its quarterly earnings results on Thursday, February 28th. The company reported ($1.38) EPS for the quarter. Maxar Technologies had a negative net margin of 64.00% and a positive return on equity of 8.11%. The business had revenue of $496.00 million during the quarter, compared to analysts’ expectations of $520.00 million. Sell-side analysts anticipate that Maxar Technologies will post -2.37 earnings per share for the current year.
In other news, Director Nick Cyprus acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $5.03 per share, for a total transaction of $25,150.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Walter S. Scott purchased 20,300 shares of Maxar Technologies stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of $5.06 per share, with a total value of $102,718.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 56,015 shares of company stock valued at $286,907. Insiders own 0.59% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Douglas Lane & Associates LLC raised its position in shares of Maxar Technologies by 46.7% during the 4th quarter. Douglas Lane & Associates LLC now owns 2,817,211 shares of the company’s stock worth $33,694,000 after purchasing an additional 897,197 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of Maxar Technologies during the 3rd quarter worth about $7,056,000. Crestline Management LP raised its position in shares of Maxar Technologies by 33.8% during the 4th quarter. Crestline Management LP now owns 167,058 shares of the company’s stock worth $1,998,000 after purchasing an additional 42,189 shares during the last quarter. Norges Bank acquired a new position in shares of Maxar Technologies during the 4th quarter worth about $5,915,000. Finally, PenderFund Capital Management Ltd. acquired a new position in shares of Maxar Technologies during the 1st quarter worth about $9,423,000. Hedge funds and other institutional investors own 72.39% of the company’s stock.
About Maxar Technologies
Maxar Technologies Inc, a space and geospatial intelligence company, provides space technology solutions for commercial and government customers worldwide. The company operates through three segments: Space Systems, Imagery, and Services. The Space Systems segment supplies space and ground based infrastructure and information solutions, including communication and imaging satellites, satellite payloads and antenna subsystems, space-based and airborne surveillance solutions, and robotic systems and associated ground infrastructure and support services for communications and surveillance and intelligence applications.
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