Shares of Maxar Technologies Inc (NYSE:MAXR) have received a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $12.70.
MAXR has been the subject of several research reports. Credit Suisse Group set a $5.00 price objective on Maxar Technologies and gave the company a “sell” rating in a research report on Monday, July 15th. National Bank Financial raised their price objective on shares of Maxar Technologies from $7.00 to $8.50 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. BMO Capital Markets set a $8.00 target price on shares of Maxar Technologies and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Raymond James reiterated an “outperform” rating and set a $20.00 target price on shares of Maxar Technologies in a research note on Wednesday, August 7th. Finally, TD Securities increased their price target on shares of Maxar Technologies from $8.50 to $9.50 and gave the company a “hold” rating in a report on Wednesday.
Shares of NYSE MAXR traded up $0.80 during trading hours on Friday, hitting $9.18. 4,159,618 shares of the company’s stock were exchanged, compared to its average volume of 1,808,116. Maxar Technologies has a 1-year low of $3.83 and a 1-year high of $37.71. The company has a debt-to-equity ratio of 4.28, a current ratio of 0.97 and a quick ratio of 0.94. The stock has a market capitalization of $418.97 million, a price-to-earnings ratio of -3.17 and a beta of 0.63. The company’s 50-day moving average price is $7.18 and its 200-day moving average price is $6.58.
Maxar Technologies (NYSE:MAXR) last released its earnings results on Tuesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.19. The firm had revenue of $490.00 million for the quarter, compared to analyst estimates of $519.36 million. Maxar Technologies had a negative return on equity of 7.35% and a negative net margin of 64.83%. The company’s revenue was down 15.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.70) EPS. On average, research analysts expect that Maxar Technologies will post -1.49 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.44%. Maxar Technologies’s dividend payout ratio is currently -1.38%.
Large investors have recently made changes to their positions in the company. Elk Creek Partners LLC acquired a new position in shares of Maxar Technologies in the first quarter valued at $6,663,000. Taylor Asset Management Inc. boosted its stake in Maxar Technologies by 70.0% during the first quarter. Taylor Asset Management Inc. now owns 2,228,512 shares of the company’s stock worth $9,005,000 after buying an additional 917,549 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Maxar Technologies by 12.1% during the second quarter. Mackenzie Financial Corp now owns 8,207,661 shares of the company’s stock worth $64,184,000 after buying an additional 883,540 shares in the last quarter. PointState Capital LP acquired a new stake in Maxar Technologies during the second quarter worth $5,956,000. Finally, Nuveen Asset Management LLC bought a new stake in Maxar Technologies in the 2nd quarter valued at $2,051,000. 78.38% of the stock is currently owned by institutional investors.
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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