Shares of Maxar Technologies Inc (NYSE:MAXR) have earned an average rating of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.70.
A number of research analysts have issued reports on the company. Raymond James reissued an “outperform” rating and issued a $20.00 target price on shares of Maxar Technologies in a research note on Wednesday, August 7th. JPMorgan Chase & Co. initiated coverage on Maxar Technologies in a report on Tuesday. They issued an “overweight” rating and a $12.00 price target for the company. ValuEngine raised Maxar Technologies from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 1st. Credit Suisse Group set a $5.00 price objective on Maxar Technologies and gave the company a “sell” rating in a report on Monday, July 15th. Finally, National Bank Financial boosted their price objective on Maxar Technologies from $7.00 to $8.50 and gave the company a “sector perform” rating in a research report on Thursday, July 25th.
Shares of NYSE MAXR traded up $0.80 during midday trading on Friday, reaching $9.18. 4,159,618 shares of the stock were exchanged, compared to its average volume of 1,808,116. Maxar Technologies has a 12 month low of $3.83 and a 12 month high of $37.71. The company has a market capitalization of $418.97 million, a price-to-earnings ratio of -3.17 and a beta of 0.63. 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 business has a 50-day simple moving average of $7.18 and a two-hundred day simple moving average of $6.58.
Maxar Technologies (NYSE:MAXR) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.19. The business had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $519.36 million. Maxar Technologies had a negative net margin of 64.83% and a negative return on equity of 7.35%. The firm’s quarterly revenue was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.70) EPS. Equities research analysts expect that Maxar Technologies will post -1.49 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 annualized dividend and a yield of 0.44%. Maxar Technologies’s dividend payout ratio is currently -1.38%.
A number of hedge funds and other institutional investors have recently made changes to their positions in MAXR. Nuveen Asset Management LLC bought a new position in Maxar Technologies during the 2nd quarter worth about $2,051,000. Jane Street Group LLC bought a new stake in shares of Maxar Technologies in the second quarter valued at about $297,000. D. E. Shaw & Co. Inc. boosted its position in shares of Maxar Technologies by 156.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 65,044 shares of the company’s stock worth $510,000 after buying an additional 39,704 shares during the period. PointState Capital LP acquired a new position in shares of Maxar Technologies during the second quarter worth about $5,956,000. Finally, Mackenzie Financial Corp boosted its position in shares of 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 during the period. 78.38% of the stock is owned by hedge funds and other 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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