Raymond James Financial upgraded shares of Maxar Technologies (TSE:MAXR) from a market perform rating to an outperform rating in a report published on Tuesday morning. The brokerage currently has C$59.00 target price on the stock, down from their previous target price of C$80.00.
Several other research firms have also weighed in on MAXR. Scotiabank upgraded Maxar Technologies from a sector perform rating to an outperform rating and upped their price objective for the company from C$77.00 to C$88.00 in a research note on Tuesday, February 20th. BMO Capital Markets reiterated an outperform rating and issued a C$81.00 price objective on shares of Maxar Technologies in a research note on Wednesday, March 7th. CIBC lowered their price objective on Maxar Technologies from C$90.00 to C$88.00 in a research note on Friday, February 23rd. Finally, Canaccord Genuity lowered their price objective on Maxar Technologies from C$90.00 to C$70.00 and set a buy rating on the stock in a research note on Friday, February 23rd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of Buy and an average price target of C$84.44.
Shares of Maxar Technologies (TSE MAXR) opened at C$58.35 on Tuesday. Maxar Technologies has a 12 month low of C$55.13 and a 12 month high of C$86.67. The firm has a market capitalization of $3,490.00, a P/E ratio of 18.70 and a beta of 0.39.
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About Maxar Technologies
Maxar Technologies Ltd., a space and geospatial intelligence company, provides satellites, earth imagery, geospatial data, and analytics for the 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, payloads and antenna subsystems, space-based and airborne surveillance solutions, and associated ground infrastructure and support services for communications and surveillance and intelligence applications.
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