Raymond James set a $20.00 target price on Maxar Technologies (NYSE:MAXR) in a report published on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Several other brokerages also recently commented on MAXR. Zacks Investment Research downgraded shares of Haynes International from a hold rating to a sell rating in a report on Wednesday, May 8th. National Bank Financial raised their price target on shares of Yamana Gold from C$3.75 to C$4.00 and gave the company a sector perform rating in a report on Friday, May 10th. TD Securities cut their price target on shares of Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a reduce rating for the company in a report on Monday, May 13th. Finally, ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $17.78.
Shares of NYSE:MAXR opened at $8.20 on Monday. The firm has a fifty day moving average price of $7.69. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 5.47. Maxar Technologies has a one year low of $3.83 and a one year high of $53.58.
Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.99) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($1.13). Maxar Technologies had a negative net margin of 69.96% and a negative return on equity of 0.91%. The firm had revenue of $504.00 million during the quarter, compared to the consensus estimate of $476.55 million. During the same period in the previous year, the business earned $0.26 earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, equities analysts expect that Maxar Technologies will post -0.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Thursday, June 13th. Maxar Technologies’s dividend payout ratio (DPR) is currently -1.38%.
Institutional investors have recently bought and sold shares of the company. 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 valued at $1,998,000 after buying an additional 42,189 shares in the last quarter. Norges Bank purchased a new stake in shares of Maxar Technologies during the 4th quarter valued at $5,915,000. PenderFund Capital Management Ltd. purchased a new stake in shares of Maxar Technologies during the 1st quarter valued at $9,423,000. Deutsche Bank AG raised its position in shares of Maxar Technologies by 116.0% during the 4th quarter. Deutsche Bank AG now owns 320,860 shares of the company’s stock valued at $3,836,000 after buying an additional 172,323 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Maxar Technologies during the 4th quarter valued at $605,000. Hedge funds and other institutional investors own 72.68% 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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