Maxar Technologies (NYSE:MAXR) had its price objective trimmed by TD Securities from $34.00 to $24.00 in a research report report published on Tuesday. The brokerage currently has a speculative buy rating on the stock.
Several other equities analysts have also commented on the stock. Royal Bank of Canada lowered their price objective on shares of Maxar Technologies from $65.00 to $57.00 and set an outperform rating for the company in a research report on Thursday, October 18th. Zacks Investment Research lowered shares of Maxar Technologies from a hold rating to a strong sell rating in a research report on Thursday, November 8th. CIBC lowered shares of Maxar Technologies from a sector outperform rating to a neutral rating in a research report on Thursday, November 1st. BMO Capital Markets set a $35.00 price objective on shares of Maxar Technologies and gave the company a buy rating in a research report on Thursday, November 1st. Finally, Raymond James lowered their price objective on shares of Maxar Technologies from $59.00 to $25.00 and set an outperform rating for the company in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $34.72.
Shares of MAXR stock opened at $5.83 on Tuesday. Maxar Technologies has a 12 month low of $5.04 and a 12 month high of $64.00. The company has a market cap of $372.75 million, a price-to-earnings ratio of 2.74 and a beta of 2.71. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.94 and a quick ratio of 0.87.
Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.30). The firm had revenue of $508.20 million during the quarter, compared to analysts’ expectations of $726.45 million. Maxar Technologies had a positive return on equity of 10.93% and a negative net margin of 17.81%. The business’s revenue for the quarter was up 50.6% on a year-over-year basis. During the same period last year, the company earned $1.00 earnings per share. As a group, research analysts predict that Maxar Technologies will post 3.66 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Friday, December 14th were issued a $0.283 dividend. The ex-dividend date was Thursday, December 13th. This represents a $1.13 annualized dividend and a dividend yield of 19.42%. Maxar Technologies’s dividend payout ratio (DPR) is presently 52.11%.
Several institutional investors have recently added to or reduced their stakes in MAXR. Bank of New York Mellon Corp lifted its holdings in shares of Maxar Technologies by 2,012.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 178,268 shares of the company’s stock worth $9,006,000 after acquiring an additional 169,830 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Maxar Technologies by 141.0% during the 2nd quarter. SG Americas Securities LLC now owns 7,305 shares of the company’s stock valued at $369,000 after buying an additional 4,274 shares in the last quarter. Schwab Charles Investment Management Inc. bought a new stake in Maxar Technologies during the 2nd quarter valued at about $14,326,000. BlackRock Inc. lifted its holdings in Maxar Technologies by 72,953.9% during the 2nd quarter. BlackRock Inc. now owns 2,658,433 shares of the company’s stock valued at $134,303,000 after buying an additional 2,654,794 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Maxar Technologies by 102.5% during the 2nd quarter. Legal & General Group Plc now owns 29,912 shares of the company’s stock valued at $1,504,000 after buying an additional 15,139 shares in the last quarter. Hedge funds and other institutional investors own 82.92% of the company’s stock.
Maxar Technologies Company Profile
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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